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2 Via Huesca San Clemente, CA 92673

3 Beds 3 Baths 2,567 sqft Built 2004

$1,040,000

List Price

$5,100

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $405.14
  • 4 Days on Market
  • MLS # : CV20241898
  • Updated Date : 11/20/2020 at 15:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,567 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Have you walked into a home...and you can see yourself living here? Well, look no further. Come escape and enjoy the ocean air and all the resort-style amenities offered here in the Community of Talega (www.TalegaNow.com). With such incredible amenities that include 2 lap pools, 2 recreation pools, 19 miles of hiking trails, programs, clubs, a sports court, a sand volleyball court, and much more why would you ever need to leave. However, some of the world's best beaches, the San Clemente Pier, and the Outlets are just minutes away. This Mediterranean designed home has been RECENTLY REMODELED and has a first-floor with a spacious living room, formal dining room, 1/2 bath, a family room with a fireplace and built-ins. The kitchen has an island as well as a butler's pantry and opens into the family room. The upstairs level offers a main bedroom suite with an en suite bath and a walk-in closet. Also, on the upper level, you will find a loft, a laundry room, a hall bath, and 2 large bedrooms. THE HIDDEN TRUTH is this HOME HAS ONE OF LARGEST BACKYARDS. Enjoy drinks and appetizers around the outdoor fireplace, listen to the water as it flows down the stones from the water fountain, while smelling the food cooking on your custom BBQ island! Other features include a long driveway, window shutters, crown moldings, and much more. Life is too short and if you wait you will miss out on it and this home too!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: San Clemente

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1085k

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

Neighborhood: San Clemente

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814177

* 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
Concordia Elementary School Primary Regular 663 21 7
Shorecliffs Middle School Middle Regular 1,021 39 7
San Clemente High School High Regular 3,036 107 9

Concordia Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 21
7
GreatSchools Rating

Shorecliffs Middle School

  • Education Level: Middle
  • # of students: 1,021
  • # of teachers: 39
7
GreatSchools Rating

San Clemente High School

  • Education Level: High
  • # of students: 3,036
  • # of teachers: 107
9
GreatSchools Rating
 

$936,000$1,144,000$1,040,000

PURCHASE PRICE

$4,590$5,610$5,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,100
EXPENSES Loan Payment -$3,837
Property Tax -$880
Property Insurance -$87
HOA -$225
Property Management Fees -$250
CASH FLOW
-$179

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.

$1,040,000

PROJECTED PRICE

$5,100

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.0%
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-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$281,350

INVESTMENT

$281,350

Down Payment
$260,000
Rehab Estimate
$5,750
Closing Costs
$15,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $260,000
Loan Amount $780,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$65,749

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,100

    LIST RENT
  • $2.07

    LIST RENT PER SQFT
  • $4,581

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,5953$4,7004$5,100
$5,100
RENT COMPS ANALYSIS
  • 2 Via Huesca San Clemente, CA 4
    • 3 beds 4 baths ∙ 2,463 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,463 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $5,100
    • $2.07
    •  
  • 12 Via Ceramica San Clemente, CA 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2004
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.82
    •  
  • 104 Avenida Dominguez San Clemente, CA 2
    • 4 beds 4 baths ∙ 2,341 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,341 Sqft ∙ Built 2020
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $1.96
    •  
  • 10 Via Abajar San Clemente, CA 3
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2003
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.80
    •  
PROPERTY LISTING DETAILS
Donald Mowery
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20241898
Last Updated: 11/20/2020
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