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19085 Wildwood Circle Lake Forest, CA 92679

3 Beds 2 Baths 1,210 sqft Built 1989

$690,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $570.25
  • 2 Days on Market
  • MLS # : PW21053150
  • Updated Date : 03/13/2021 at 15:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,210 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

This lovely home has been updated and has modern feel, with a lovely charm to it. It offers an open floor plan with a lot of natural light. The living room, is quite inviting with a fireplace that has a modern look to it. The updated kitchen offers white painted cabinets, new hardware, granite countertops and stainless steel appliances. There is an enclosed patio, which can be used as an office and also has added storage space. The bathrooms offer upgraded sinks, fixtures and granite countertops. The master bedroom offers vaulted ceilings and a slider to an enclosed patio which is perfect for a quiet time enjoying coffee, tea, or to read a good book. This serene patio offers a composite wood deck, a newer wood fencing and a decorative privacy screen. The yard has been recently landscaped with water conservation in mind. It features new artificial lawn with a 10 year warranty, and beautiful succulent plants. It also offers motion sensor security lights around the house and a new motion sensor porch light, for peace of mind. There is plenty of storage in the garage with added built-in cabinets on both sides and a decorative garage door. Other features include newer light fixtures, wood floors throughout the living, dining and hall and tile floors throughout the kitchen, entry and baths and a central security system with ADT that has a touch-screen pad and a key fob for remote access.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Portola Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $255k922k

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

Neighborhood: Portola Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19683818

* 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
 

$621,000$759,000$690,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,397
Property Tax -$594
Property Insurance -$56
HOA -$144
Property Management Fees -$123
CASH FLOW
-$813

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.

$690,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.36%

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-$15k-$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$188,600

INVESTMENT

$188,600

Down Payment
$172,500
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $2.07

    LIST RENT PER SQFT
  • $2,369

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5503$2,9004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 19085 Wildwood Circle Lake Forest, CA 1
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.07
    •  
  • 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
    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
    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
    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
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
PROPERTY LISTING DETAILS
Beverly Cota
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21053150
Last Updated: 03/13/2021
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