Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

17 Santa Maria Lake Forest, CA 92610

4 Beds 3 Baths 2,902 sqft Built 1992

$1,125,000

List Price

$4,140

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $387.66
  • 4 Days on Market
  • MLS # : OC20233391
  • Updated Date : 11/05/2020 at 22:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,902 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Luxury living & resort style backyard; this amazing home is an entertainer's dream. This home is the perfect family home! Step inside to soaring ceilings, gorgeous flooring, & formal living & dining room with french doors to the patio area. The remodeled kitchen is a chef's delight with beautiful granite counters, sleek cabinets & appliances, even comes with a wine fridge! Adjacent kitchen nook & spacious family room has a wonderful fireplace for your family time. The lovely french doors open to the patio area that is perfect for indoor/outdoor entertaining. Enjoy the tropical backyard whether that is in the pool/spa, on the slide, using the barbecue, or under the covered patio seating area that has built in heaters & a ceiling fan. You will love the private downstairs bedroom with full bath. Spacious upstairs master suite opens to master bath with a soaking tub & large walk-in closet. There are two additional bedrooms upstairs which share a large full bathroom. Upstairs also boasts a nice sized loft that could be used as a home office or a home gym. Upstairs you will also find a private balcony perfect for relaxation. This home has a three car garage, two brand new AC units, & recessed lighting. Neighborhood amenities include hiking/biking trails in Whiting Ranch Wilderness Park, pool/spa, Clubhouse, library, tennis courts & parks. Ideally located within walking distance to blue ribbon schools, local restaurants, shopping & toll roads. NO MELLO ROOS AND LOW HOA.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$1,012,500$1,237,500$1,125,000

PURCHASE PRICE

$3,726$4,554$4,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,140
EXPENSES Loan Payment -$4,151
Property Tax -$985
Property Insurance -$97
HOA -$80
Property Management Fees -$203
CASH FLOW
-$1,376

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.

$1,125,000

PROJECTED PRICE

$4,140

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$303,875

INVESTMENT

$303,875

Down Payment
$281,250
Rehab Estimate
$5,750
Closing Costs
$16,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $281,250
Loan Amount $843,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,033

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,140

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $4,150

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,8003$3,8504$3,9755$4,140
$4,140
RENT COMPS ANALYSIS
  • 17 Santa Maria Lake Forest, CA 5
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $4,140
    • $1.43
    •  
  • 14 Pastora Lake Forest, CA 1
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1991
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.40
    •  
  • 28552 Camelback Road Lake Forest, CA 2
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1990
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.48
    •  
  • 10 Sierra Blanco Lake Forest, CA 3
    • 4 beds 4 baths ∙ 2,623 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,623 Sqft ∙ Built 1993
    LEASED 07/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.47
    •  
  • 33 Marseille Way Lake Forest, CA 4
    • 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 1996
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,975
    • $1.37
    •  
PROPERTY LISTING DETAILS
Valerie Bourg
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20233391
Last Updated: 11/05/2020
BESbswy