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2 Swallows Lane Trabuco Canyon, CA 92679

4 Beds 3 Baths 2,590 sqft Built 1998

$1,135,000

List Price

$4,200

$4K - $4.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $438.22
  • 3 Days on Market
  • MLS # : OC21028855
  • Updated Date : 02/12/2021 at 15:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,590 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Stunning Entertainer’s 4 bedroom + loft home located in the prestigious gated neighborhood of Stonecliffe!This gorgeous home is situated on one of the largest and most secluded lots in the community with a cul-de-sac location.Enter through the dutch door into the well appointed home featuring a remodeled kitchen with stainless steel appliances,mission style cabinets,quartz counters and a breakfast nook that is adjacent to the spacious family room with a fireplace,built-in niche and plantation shutters.The formal dining and living room boast plantation shutters,crown moulding,5"baseboards and custom paint.The first floor has beautiful porcelain tile floors that look like wood planks.Upstairs has 4 bedrooms, a large open loft with large windows, 2 bathrooms and a laundry room.The master bedroom has vaulted ceilings,walk-in closet and a remodeled master bathroom with a dual vanity, quartz countertops,stall shower and tub.There is also an upgraded hall bathroom with quartz counters, dual vanity and a walk-in shower.Enjoy entertaining in the large landscaped wrap around backyard with a stone patio with Alumawood patio cover, BBQ island with tile counter, 2 Burner range top and grill.Additional features;whole house fan,newer A/C,FAU,Ducting,RING,a nest thermostat,solar electric and a 3 car tandem garage.The Stonecliffe Community has an Assoc. Pool,gated entrance and is located in close proximity to Thomas Riley Wilderness Area and the Distinguished Wagon Wheel Elementary School.

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: Coto de Caza

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1130k

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

Neighborhood: Coto de Caza

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19014166

* 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
Wagon Wheel Elementary School Primary Regular 554 18 10
Las Flores Middle School Middle Regular 1,053 40 9
Tesoro High School High Regular 2,355 89 9

Wagon Wheel Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 18
10
GreatSchools Rating

Las Flores Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 40
9
GreatSchools Rating

Tesoro High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 89
9
GreatSchools Rating
 

$1,021,500$1,248,500$1,135,000

PURCHASE PRICE

$3,780$4,620$4,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,200
EXPENSES Loan Payment -$3,942
Property Tax -$958
Property Insurance -$90
HOA -$168
Property Management Fees -$206
CASH FLOW
-$1,164

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.

$1,135,000

PROJECTED PRICE

$4,200

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.4%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$306,525

INVESTMENT

$306,525

Down Payment
$283,750
Rehab Estimate
$5,750
Closing Costs
$17,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,942

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $283,750
Loan Amount $851,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$3,861

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,200

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $4,461

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$4,050
1$4,0502$4,2003$4,2004$4,8005$4,900
$4,900
RENT COMPS ANALYSIS
  • 2 Swallows Lane Trabuco Canyon, CA 3
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.62
    •  
  • 34 Apache Drive Trabuco Canyon, CA 1
    • 5 beds 3 baths ∙ 2,410 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,410 Sqft ∙ Built 1996
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $1.68
    •  
  • 23 Sundown Drive Trabuco Canyon, CA 2
    • 4 beds 4 baths ∙ 2,700 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,700 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.56
    •  
  • 32 Whippoorwill Road Trabuco Canyon, CA 4
    • 4 beds 2 baths ∙ 2,646 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,646 Sqft ∙ Built 1998
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.81
    •  
  • 7 Whippoorwill Road Trabuco Canyon, CA 5
    • 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1998
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.84
    •  
PROPERTY LISTING DETAILS
Shauna Fogal
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21028855
Last Updated: 02/12/2021
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