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18992 Singingwood Circle Lake Forest, CA 92679

4 Beds 3 Baths 1,765 sqft Built 1988

$724,900

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $410.71
  • 14 Days on Market
  • MLS # : OC21005808
  • Updated Date : 01/22/2021 at 09:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,765 sqft
  • Baths : 3 full
Listing Agent

The Global Equities Group

Listing Agent's Description

This house must be seen! This highly sought after floor plan has a nice size downstairs bedroom and bathroom as well as cozy dining room, great room area and eat in kitchen. The charming back yard has been redone with pavers and lovely landscaping making it a great place to play with the kids or entertain weekend guests. Once you go upstairs you are greeted with an additional 3 bedrooms. The Master Suite has a recently modified walk in closet, and new extra large shower. The second bedroom upstairs also has its own bathroom. Recently added, and absolutely stunning, permitted, large fourth bedroom with lovely views of the back yard. This house also has a charming loft area complete with cabinets and a closet for additional storage. The garage has recently been finished, and sports a new coating of epoxy flooring. Finishing off this charming home is new wall to wall vinyl plank flooring and a charming faux brick fireplace. Don't miss this terrific opportunity to own in Portola Hills, walking distance from fabulous HOA amenities, including a huge pool and spa, tennis courts, tot lots, basketball court, picnic and party areas for friends and family to gather. Walking, hiking & biking trails with breathtaking views! Close to award winning Portola Hills Elementary, Whiting Ranch and just 10 minutes from Irvine Spectrum.

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 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Portola Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $266k922k

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

Neighborhood: Portola Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18643818

* 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
Portola Hills Elementary School Primary Regular 764 28 9
Portola Hills Elementary School Middle Regular 764 28 9
El Toro High School High Magnet 2,548 98 8

Portola Hills Elementary School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 28
9
GreatSchools Rating

Portola Hills Elementary School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 28
9
GreatSchools Rating

El Toro High School

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

$652,410$797,390$724,900

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,518
Property Tax -$616
Property Insurance -$70
HOA -$145
Property Management Fees -$151
CASH FLOW
-$410

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.

$724,900

PROJECTED PRICE

$3,090

PROJECTED RENT

0.43%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,849

INVESTMENT

$197,849

Down Payment
$181,225
Rehab Estimate
$5,750
Closing Costs
$10,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,225
Loan Amount $543,675
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$15,522

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $1.75

    LIST RENT PER SQFT
  • $3,367

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,090
1$3,0902$3,1503$3,2004$3,2005$3,295
$3,295
RENT COMPS ANALYSIS
  • 18992 Singingwood Circle Lake Forest, CA 1
    • 4 beds 3 baths ∙ 1,765 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,765 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.75
    •  
  • 28845 Woodspring Circle Lake Forest, CA 2
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1988
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.94
    •  
  • 19491 Dorado Drive Lake Forest, CA 3
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1991
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.78
    •  
  • 19041 Wildwood Circle Lake Forest, CA 4
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1987
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.98
    •  
  • 28871 Mountain View Lane Lake Forest, CA 5
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1987
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.93
    •  
PROPERTY LISTING DETAILS
Ruth Bridge
The Global Equities Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21005808
Last Updated: 01/22/2021
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