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10 Tresaunce Way Lake Forest, CA 92610

4 Beds 3 Baths 2,154 sqft Built 1994

$949,000

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $440.58
  • 6 Days on Market
  • MLS # : OC20231778
  • Updated Date : 11/06/2020 at 11:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,154 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bullock Russell Re Services

Listing Agent's Description

WELCOME HOME! This gorgeous turn key home is nestled within the hillside community of Foothill Ranch. Ideally located on a popular quiet cul de sac street, this home boasts immaculate curb appeal that includes mature landscaping, beautiful hardscape, and a welcoming front porch area. Step inside to soaring ceilings, a grand stairwell and an open concept throughout. Formal living area has dramatic high ceilings, a wall of windows and wood grain tile flooring with views to the family room area. The beautiful kitchen has granite counters, stainless appliances, dark cabinetry, in kitchen dining and adjacent family room accented with a cozy fireplace, built ins and back yard views. This home is perfect for indoor/outdoor living with an expansive patio and private yard. Custom built covered BBQ with new grill and seating is the perfect place to entertain. Back inside, the upstairs master suite has plank flooring, dual closets, large master bath with soaking tub, and a walk in shower. Three additional bedrooms and another full bath with dual vanity complete this home. Brand New A/C. Walking distance to Foothill Ranch Elementary school & library. Community amenities include pool, spa, clubhouse, tennis, hiking/biking in whiting ranch, basketball/volleyball courts and multiple parks. Close to shopping, restaurants and toll road access. LOW TAXES and NO MELLO ROOS!

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MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)

PRICE & RENT TRENDS

Neighborhood: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19033818

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Foothill Ranch Elementary School Primary Regular 1,100 38 8
Foothill Ranch Elementary School Middle Regular 1,100 38 8
Trabuco Hills High School High Regular 2,960 112 9

Foothill Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,100
  • # of teachers: 38
8
GreatSchools Rating

Foothill Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,100
  • # of teachers: 38
8
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$3,501
Property Tax -$813
Property Insurance -$79
HOA -$84
Property Management Fees -$180
CASH FLOW
-$988

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$949,000

PROJECTED PRICE

$3,670

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,653

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,670

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $3,651

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4653$3,5004$3,5955$3,670
$3,670
RENT COMPS ANALYSIS
  • 10 Tresaunce Way Lake Forest, CA 5
    • 4 beds 3 baths ∙ 2,154 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,154 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $1.70
    •  
  • 25 Beaulieu Lane Lake Forest, CA 1
    • 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1996
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.66
    •  
  • 47 Massier Lane Lake Forest, CA 2
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1991
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,465
    • $1.69
    •  
  • 18 Enfilade Avenue Lake Forest, CA 3
    • 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 1991
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.74
    •  
  • 21 Tresaunce Way Lake Forest, CA 4
    • 3 beds 3 baths ∙ 2,127 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,127 Sqft ∙ Built 1993
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $1.69
    •  
PROPERTY LISTING DETAILS
Susan Stoker
Bullock Russell Re Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20231778
Last Updated: 11/06/2020
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