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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $460.21
- 3 Days on Market
- MLS # : OC20257837
- Updated Date : 12/18/2020 at 13:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,847 sqft
- Baths : 2 full , 1 half
Listing Agent
First Team Real Estate
Listing Agent's Description
Stunning end-unit modern home featuring 1,847 sqft with 3 bedrooms, 2.5 bathrooms & a private backyard facing a hill. You'll immediately notice the 20ft vaulted ceilings & modern features throughout. This house is light, bright, fully upgraded & move-in ready. The majority of the house has beautiful 24" white porcelain tile flooring with a glass finish. There's no carpet in the house. The living room features numerous recessed lights as well as a fire and ice fireplace finished with modern tiles all the way up the 20ft fireplace column. The Chef's kitchen has white Caesarstone Quartz countertops, custom high-gloss cabinetry with soft close drawers and doors, a huge kitchen island with bar seating, mirrored backsplash, stainless steel appliances and recessed lights. The spacious master bedroom has vaulted ceilings, a modern gas fireplace, a walk-in closet with custom cabinetry & a private balcony. The ensuite master bath features frosted privacy doors, Caesarstone vanity with dual sinks, a custom walk-in shower and high end Toto smart toilet. The two upstairs guest bedrooms feature vaulted ceilings, ceiling fans & spacious closets. The upstairs hallway bath is remodeled with modern finishes. Downstairs is a laundry closet as well as a half bath for guests featuring a modern vanity plus a Toto smart toilet. Your wraparound backyard has no neighbors looking in. Vilamoura has it's own pool and spa. Nearby is Rancho San Clemente Sports Park, LifeTime Fitness & hiking trails.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: San Lorenzo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Lorenzo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,740 |
| EXPENSES | Loan Payment | -$3,136 |
| Property Tax | -$720 | |
| Property Insurance | -$72 | |
| HOA | -$310 | |
| Property Management Fees | -$183 | |
|
CASH FLOW
-$681
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$850,000
PROJECTED PRICE
$3,740
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.35% |
| 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
$231,000
LOAN DETAILS
$3,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,500 |
| Loan Amount | $637,500 |
2.42
YEARS SAVED
$17,762
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,740
LIST RENT -
$2.02
LIST RENT PER SQFT
-
$3,389
COMP ESTIMATED VALUE -
$1.84
COMP AVG. RENT PER SQFT
Comps Range
-
1225 Via Presa San Clemente, CA 3
- 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $3,740
- $2.02
-
1201 Via Presa San Clemente, CA 1
- 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,847 Sqft ∙ Built 1994
LEASED 12/11/20- Rent
- Rent Per SQFT
- $3,350
- $1.81
-
2132 Via Aguila San Clemente, CA 2
- 3 beds 3 baths ∙ 1,910 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,910 Sqft ∙ Built 1988
LEASED 05/20/20- Rent
- Rent Per SQFT
- $3,560
- $1.86
PROPERTY LISTING DETAILS
First Team Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20257837
Last Updated: 12/18/2020
