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19192 Echo Pass Road Lake Forest, CA 92679

4 Beds 3 Baths 1,776 sqft Built 1987

$850,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $478.60
  • 5 Days on Market
  • MLS # : OC21017671
  • Updated Date : 01/27/2021 at 13:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,776 sqft
  • Baths : 2 full , 1 half
Listing Agent

Help-u-sell Wright

Listing Agent's Description

Prime location home with panoramic mountain and hills views! Upgraded 4 bedroom, 2.5 bath with approximately 1731 sqft and attached 2 car garage with added storage and epoxy flooring! Downstairs features custom stain glass front door, volume ceilings, porcelain tile flooring downstairs, wall of mirrors in living room, formal dining room and fireplace in family room. Upgraded kitchen includes granite counters with breakfast bar. Large master bedroom w/ vaulted ceilings and mountain views. Large backyard with patio perfect for entertaining! The association amenities include a Jr. Olympic pool, spa, sand volleyball, weight and rec room, basketball and tennis courts and clubhouse. Close to hiking and biking in the Cleveland National Forest and Whiting Ranch Regional Park. Hurry this home won’t last long!!

SEE MORE

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: 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
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,952
Property Tax -$731
Property Insurance -$70
HOA -$144
Property Management Fees -$159
CASH FLOW
-$816

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.

$850,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.38%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $3,388

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,2003$3,2004$3,2405$3,295
$3,295
RENT COMPS ANALYSIS
  • 19192 Echo Pass Road Lake Forest, CA 4
    • 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $1.82
    •  
  • 28845 Woodspring Circle Lake Forest, CA 1
    • 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 2
    • 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 3
    • 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
Edwin Wright
Help-u-sell Wright
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21017671
Last Updated: 01/27/2021
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