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18975 Woodland Way Lake Forest, CA 92679

3 Beds 2 Baths 1,210 sqft Built 1987

$635,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $524.79
  • 7 Days on Market
  • MLS # : OC21030823
  • Updated Date : 02/15/2021 at 12:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,210 sqft
  • Baths : 2 full
Listing Agent

Regency Real Estate Brokers

Listing Agent's Description

This is an amazing price and opportunity! Highly desirable single story attached residence, feels like a detached home with only 1 common wall! Bring your hammer, paint brush and creativity....needs paint, flooring and baths remodeling. Upgraded dual pane windows and sliders throughout! Upgraded A/C unit! Upgraded kitchen counters and appliances! Open concept light, bright and airy floorplan with loads of windows and high vaulted ceilings! Great location near Concourse park and all HOA amenities! Views in private backyard of park and mountains! Super low association dues and No Mello Roos! This is that special chance to get that fixer bargain! Home is sold in as-is condition. Act fast!!!!!!!!

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MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Portola Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900k950kPrice in $272k952k

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

Neighborhood: Portola Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19684166

* 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
Serrano Intermediate School Middle Regular 1,233 43 7
El Toro High School High Magnet 2,548 98 8
Serrano Intermediate School Middle Unknown NA

Serrano Intermediate School

  • Education Level: Middle
  • # of students: 1,233
  • # of teachers: 43
7
GreatSchools Rating

El Toro High School

  • Education Level: High
  • # of students: 2,548
  • # of teachers: 98
8
GreatSchools Rating

Serrano Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$571,500$698,500$635,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,206
Property Tax -$541
Property Insurance -$56
HOA -$144
Property Management Fees -$116
CASH FLOW
-$702

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.

$635,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,206

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.95

    LIST RENT PER SQFT
  • $2,369

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,360
1$2,3602$2,5503$2,9004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 18975 Woodland Way Lake Forest, CA 1
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.95
    •  
  • 19665 Orviento Drive Lake Forest, CA 2
    • 3 beds 3 baths ∙ 1,305 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,305 Sqft ∙ Built 1997
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.95
    •  
  • 8 Destino Way Mission Viejo, CA 3
    • 3 beds 3 baths ∙ 1,497 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,497 Sqft ∙ Built 2001
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.94
    •  
  • 28 Balustrade Place Lake Forest, CA 4
    • 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1997
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.99
    •  
  • 58 Parterre Avenue Lake Forest, CA 5
    • 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1996
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
PROPERTY LISTING DETAILS
Kanoa Watt
Regency Real Estate Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21030823
Last Updated: 02/15/2021
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