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PROPERTY INFO
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!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terraza
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$291,950
LOAN DETAILS
$3,751
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $270,000 |
| Loan Amount | $810,000 |
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
-
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
Realty One Group West
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21024307
Last Updated: 02/05/2021
