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15 Segovia San Clemente, CA 92672

3 Beds 2 Baths 1,544 sqft Built 1987

$1,085,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $702.72
  • 19 Days on Market
  • MLS # : OC21039147
  • Updated Date : 03/13/2021 at 15:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,544 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Oc Coastal Realty

Listing Agent's Description

Hard-to-find single level with fantastic ocean views! just completed remodel features a new Dutch front door, all new kitchen, and new paint throughout. The kitchen remodel includes all new cabinetry, stone countertops, flooring and stainless steel appliances. The ocean views are tremendous! Enjoy sit-down, straight-ahead and dramatic ocean, Catalina and sunset views from this single level property located high on the hills of Rancho San Clemente. Wake up and fall asleep in your ocean view master suite. The spacious yard includes a large in-ground spa along with lovely hardscape and landscaping. Glass fencing at the rear of the property brings the incredible views closer to you. There are high vaulted ceilings. Both bathrooms have also been beautifully upgraded. The living room features a distinctive fireplace with stone surround, soffit lighting, crown molding, and wood flooring. Located on a very quiet single-loaded street. Just minutes to the beach and town. Low association dues and NO Mello-Roos bonds. This is a must see property with an unparalleled location in the Montego neighborhood. In fact, this is the LEAST EXPENSIVE three bedroom detached home in San Clemente with big ocean views!

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: Rancho San Clemente

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1085k

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

Neighborhood: Rancho San Clemente

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600380040004200Rent in $18444221

* 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
Clarence Lobo Elementary School Primary Regular 417 15 5
Bernice Ayer Middle School Middle Regular 896 33 6
San Clemente High School High Regular 3,036 107 9

Clarence Lobo Elementary School

  • Education Level: Primary
  • # of students: 417
  • # of teachers: 15
5
GreatSchools Rating

Bernice Ayer Middle School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 33
6
GreatSchools Rating

San Clemente High School

  • Education Level: High
  • # of students: 3,036
  • # of teachers: 107
9
GreatSchools Rating
 

$976,500$1,193,500$1,085,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$3,769
Property Tax -$919
Property Insurance -$64
HOA -$120
Property Management Fees -$167
CASH FLOW
-$1,638

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,085,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$293,275

INVESTMENT

$293,275

Down Payment
$271,250
Rehab Estimate
$5,750
Closing Costs
$16,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,769

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $271,250
Loan Amount $813,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $2.2

    LIST RENT PER SQFT
  • $3,130

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,3954$3,4005$3,700
$3,700
RENT COMPS ANALYSIS
  • 15 Segovia San Clemente, CA 4
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.20
    •  
  • 509 Avenida Adobe San Clemente, CA 1
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1974
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.04
    •  
  • 608 Via Pavon San Clemente, CA 2
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1978
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.10
    •  
  • 304 Calle Cuervo San Clemente, CA 3
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 1977
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.95
    •  
  • 721 Via Nublado San Clemente, CA 5
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1985
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.02
    •  
PROPERTY LISTING DETAILS
David Silver-westrick
Keller Williams Oc Coastal Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21039147
Last Updated: 03/13/2021
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