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16 Cantora Foothill Ranch, CA 92610

3 Beds 3 Baths 2,083 sqft Built 1994

INVESTimate

$850,000

List Price

$3,300

$3,050 - $3,550

Rent Est.

$901,085  ( +6.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $408.07
  • 7 Days on Market
  • MLS # : 20610132
  • Updated Date : 08/24/2020 at 11:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,083 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices California

Listing Agent's Description

Wonderful home in the highly sought-after Beverly Court community is ready for you. The oversized gated courtyard welcomes you and adds to the serenity and quiet that comes from owning a property on a cul-de-sac. The 2,083 square foot layout features 3-bedrooms, 2.5 upgraded bathrooms and a two-car garage. The open floor plan greets you with double-height ceilings and walls of windows provide a spacious vibe that provides natural light to the room. The Living room also features a cozy fireplace for the cooler nights or just a place to relax and enjoy your new home. Some of the many upgrades include hardwood floors throughout, plantation and custom window coverings, crown moldings, and recessed lighting. The large Sun room area is an open plan that flows wonderfully into the gourmet kitchen that features granite countertops, subway tile backsplash, large center island. Community park with basketball court, pool and playground and famous Red Rock Canyon Trail.

SEE MORE

MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

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
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$3,136
Property Tax -$738
Property Insurance -$77
HOA -$84
Property Management Fees -$162
CASH FLOW
-$897

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.

$850,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.01%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $3,458

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,3003$3,4004$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 16 Cantora Foothill Ranch, 2
    • 3 beds 3 baths ∙ 2,083 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,083 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.58
    •  
  • 59 Fairfield Lake Forest, 1
    • 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1990
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.58
    •  
  • 87 Carriage Drive Lake Forest, 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1996
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.70
    •  
  • 5 Cozumel Lake Forest, 4
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 1993
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.66
    •  
  • 6 Tizmin Lake Forest, 5
    • 4 beds 2 baths ∙ 2,148 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,148 Sqft ∙ Built 1993
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.70
    •  
PROPERTY LISTING DETAILS
Olga L. Hooks
Berkshire Hathaway Homeservices California
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20610132
Last Updated: 08/24/2020
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