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12 Sagitta Way Coto De Caza, CA 92679

4 Beds 3 Baths 2,700 sqft Built 1998

$1,080,000

List Price

$4,300

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $400.00
  • 3 Days on Market
  • MLS # : OC21024307
  • Updated Date : 02/05/2021 at 10:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,700 sqft
  • Baths : 3 full
Listing Agent

Realty One Group West

Listing Agent's Description

Prime location! Desirable Coto de Caza guard-gated private community. 4 beds and 3 baths in Terrazza tract home is located on a quiet single-loaded street with Panoramic Views in Coto’s South Bend with no neighbors behind! Beautiful 2 story home with phenomenal views from the backyard and master bathroom. Spacious backyard, spa, waterfall fountain, and built-in BBQ island perfect for entertaining. High vaulted ceilings upon entry, open flowing floor plan with formal dining room, separate family room and complete kitchen with breakfast bar seating. The kitchen features white cabinetry, granite countertops with custom granite backsplash, breakfast bar seating and center island. Living room with fireplace, and large picture windows with views. The master bedroom features phenomenal mountain views. One bedroom downstairs with a full bath. Master bedroom upstairs with grand en-suite with 2 walk-in closets and glass mirror door, soaking tub, walk-in shower, and dual sink vanity. Attached tandem garage that can park 3 cars with epoxy floors and built-ins cabinets. Master planned community, private golf courses with clubhouse. Highly ranked public and private schools. Low tax and No Mello Roos. Don't miss this opportunity!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Terraza

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $272k1641k

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

Neighborhood: Terraza

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200025003000350040004500500055006000Rent in $19816043

* 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
Wagon Wheel Elementary School Primary Regular 554 18 10
Las Flores Middle School Middle Regular 1,053 40 9
Tesoro High School High Regular 2,355 89 9

Wagon Wheel Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 18
10
GreatSchools Rating

Las Flores Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 40
9
GreatSchools Rating

Tesoro High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 89
9
GreatSchools Rating
 

$972,000$1,188,000$1,080,000

PURCHASE PRICE

$3,870$4,730$4,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,300
EXPENSES Loan Payment -$3,751
Property Tax -$910
Property Insurance -$92
HOA -$235
Property Management Fees -$211
CASH FLOW
-$899

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.

$1,080,000

PROJECTED PRICE

$4,300

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.98%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
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-$10k$0.0$10k$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$291,950

INVESTMENT

$291,950

Down Payment
$270,000
Rehab Estimate
$5,750
Closing Costs
$16,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,751

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $270,000
Loan Amount $810,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$8,024

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,300

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $4,509

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$3,995
1$3,9952$4,2003$4,3004$4,5005$4,600
$4,600
RENT COMPS ANALYSIS
  • 12 Sagitta Way Coto De Caza, CA 3
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.59
    •  
  • 25 Princeton Coto De Caza, CA 1
    • 3 beds 4 baths ∙ 2,403 Sqft ∙ Built 1996 3 beds 4 baths ∙ 2,403 Sqft ∙ Built 1996
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.66
    •  
  • 25 Princeton Trail Coto De Caza, CA 2
    • 3 beds 4 baths ∙ 2,403 Sqft ∙ Built 1996 3 beds 4 baths ∙ 2,403 Sqft ∙ Built 1996
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.75
    •  
  • 25 Yerra Street Rancho Mission Viejo, CA 4
    • 4 beds 4 baths ∙ 2,598 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,598 Sqft ∙ Built 2018
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.73
    •  
  • 44 Gingham Street Trabuco Canyon, CA 5
    • 5 beds 2 baths ∙ 2,989 Sqft ∙ Built 1996 5 beds 2 baths ∙ 2,989 Sqft ∙ Built 1996
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.54
    •  
PROPERTY LISTING DETAILS
Petty Tai
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21024307
Last Updated: 02/05/2021
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