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

1812 Via Sage San Clemente, CA 92673

4 Beds 3 Baths 2,708 sqft Built 1991

$1,160,000

List Price

$4,290

$4K - $4.5K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $428.36
  • 6 Days on Market
  • MLS # : OC20242323
  • Updated Date : 12/05/2020 at 17:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,708 sqft
  • Baths : 2 full , 1 half
Listing Agent

Luxre Realty, Inc.

Listing Agent's Description

This delightful property is a buyer’s dream home, located in the highly desirable neighborhood of Flora Vista in Forester Ranch. This 4 bedroom, 2 1/2 bath gem has a fully permitted 175 square foot addition to the family room. The family room has a large custom window (7’ X 8’), which overlooks the pool and jacuzzi. There are two doors adjacent to the custom window that give easy access to the serene backyard. The floor plan is open with wood floors throughout the living/dining room, stairs, and upstairs. The kitchen, which includes stainless steel appliances, is accented with beautiful granite counter tops and a mosaic backsplash. Some other features and upgrades include spacious bedrooms and bathrooms that have been remodeled. There is also an ADT alarm system along with upstairs central air conditioning. Location, location, location: this home is just minutes from the elementary, middle and high school. Note the low cost of HOA’s and NO Mellow-Roos taxes. Beaches, parks, hiking, restaurants and shopping are all accessable within minutes.

SEE MORE

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: Forster Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1085k

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

Neighborhood: Forster Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814177

* 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
Truman Benedict Elementary School Primary Regular 677 22 8
Bernice Ayer Middle School Middle Regular 896 33 6
San Clemente High School High Regular 3,036 107 9

Truman Benedict Elementary School

  • Education Level: Primary
  • # of students: 677
  • # of teachers: 22
8
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
 

$1,044,000$1,276,000$1,160,000

PURCHASE PRICE

$3,861$4,719$4,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,290
EXPENSES Loan Payment -$4,280
Property Tax -$981
Property Insurance -$92
HOA -$78
Property Management Fees -$210
CASH FLOW
-$1,352

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.

$1,160,000

PROJECTED PRICE

$4,290

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.6%
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$313,150

INVESTMENT

$313,150

Down Payment
$290,000
Rehab Estimate
$5,750
Closing Costs
$17,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $290,000
Loan Amount $870,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,290

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $4,543

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$3,950
1$3,9502$4,2903$4,5004$4,6505$4,900
$4,900
RENT COMPS ANALYSIS
  • 1812 Via Sage San Clemente, CA 2
    • 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $4,290
    • $1.58
    •  
  • 10 Avenida Reflexion San Clemente, CA 1
    • 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2001
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.58
    •  
  • 2102 Via Pecana San Clemente, CA 3
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1993
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.78
    •  
  • 206 Via Sedona San Clemente, CA 4
    • 3 beds 3 baths ∙ 2,912 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,912 Sqft ∙ Built 2001
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,650
    • $1.60
    •  
  • 2009 Costero Hermoso San Clemente, CA 5
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2004
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.75
    •  
PROPERTY LISTING DETAILS
Donald Hawthorne
Luxre Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20242323
Last Updated: 12/05/2020
BESbswy