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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $537.00
- 11 Days on Market
- MLS # : OC21014164
- Updated Date : 01/29/2021 at 11:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,581 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathaway Homeservic
Listing Agent's Description
Super cute home with amazing ocean and Catalina views. Villagio is zoned condo but is a detach home. Main floor master. Upstairs has an additional bedroom and 3rd bedroom is an open loft but can be converted back to a bedroom. Kitchen is original but in good condition. All main floor rooms have ocean and sunset views. The entire home has been freshly painted inside and out, including all cabinetry painted white. New carpet installed upstairs. Tile flooring throughout first floor and master bedroom. The backyard has spectacular panoramic ocean and sunset views! This home is move-in ready to put your personal touch on it.
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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: Talega
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Talega
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,860 |
| EXPENSES | Loan Payment | -$2,949 |
| Property Tax | -$968 | |
| Property Insurance | -$65 | |
| HOA | -$140 | |
| Property Management Fees | -$189 | |
|
CASH FLOW
-$452
|
||
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.
$849,000
PROJECTED PRICE
$3,860
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 3.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$230,735
LOAN DETAILS
$2,949
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $212,250 |
| Loan Amount | $636,750 |
2.67
YEARS SAVED
$18,631
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,860
LIST RENT -
$2.44
LIST RENT PER SQFT
-
$3,312
COMP ESTIMATED VALUE -
$2.09
COMP AVG. RENT PER SQFT
Comps Range
-
19 Calle Sol San Clemente, CA 5
- 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $3,860
- $2.44
-
34 Calle Sol San Clemente, CA 1
- 3 beds 3 baths ∙ 1,491 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,491 Sqft ∙ Built 1987
LEASED 02/25/20- Rent
- Rent Per SQFT
- $3,150
- $2.11
-
96 Paseo Rosa San Clemente, CA 2
- 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 2003
LEASED 11/06/20- Rent
- Rent Per SQFT
- $3,400
- $2.03
-
21 Calle Viveza San Clemente, CA 3
- 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2000
LEASED 01/24/21- Rent
- Rent Per SQFT
- $3,500
- $2.18
-
51 Calle Sol San Clemente, CA 4
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1980
LEASED 12/20/20- Rent
- Rent Per SQFT
- $3,500
- $2.06
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservic
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21014164
Last Updated: 01/29/2021
