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2 Via Marin San Clemente, CA 92673

4 Beds 3 Baths 2,567 sqft Built 2004

$998,000

List Price

$4,760

$4.5K - $5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $388.78
  • 11 Days on Market
  • MLS # : OC21044691
  • Updated Date : 03/12/2021 at 16:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,567 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Beautiful and private, end of cul-de-sac home in the Talega community. This 4 bedroom home has a large living room with a fireplace, large kitchen cabinets for pantry items and small kitchen appliances, a separate dining room, half bath, and a large formal sitting room. on the first floor. Additional pantry area adjoins the kitchen with a door that leads to garage. Also from the kitchen, you step out onto an over-sized patio area. A backdoor from the living room leads to a large outside space for your morning coffee. Also outside are apple and fig trees along with a large paver area for entertaining. On the way upstairs are three beautiful, long, tinted windows for additional privacy. On the second floor, you will find a great master suite, large bath with dual sinks, walk in shower, and an oversized walk-in closet. Three more bedrooms (one presently used as an office, or it can be used as a large family room) with large closet space, a full bath, and a separate laundry room round out the upper level. Solar panels reduce the electric bill to nearly nothing. The Talega community amenities include three recreational pools, two lap pools, miles and miles of biking and hiking trails, basketball and tennis courts, a sand volleyball court, and a variety of clubs and programs. The Talega community has its own shopping center and is minutes to the beaches, the harbor, award winning golf courses, fine restaurants and five-star resorts.

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: 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
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$4,284$5,236$4,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,760
EXPENSES Loan Payment -$3,466
Property Tax -$844
Property Insurance -$89
HOA -$225
Property Management Fees -$233
CASH FLOW
-$98

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.

$998,000

PROJECTED PRICE

$4,760

PROJECTED RENT

0.48%

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$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$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$56,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,760

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $4,775

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,5953$4,7004$4,760
$4,760
RENT COMPS ANALYSIS
  • 2 Via Marin San Clemente, CA 4
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,760
    • $1.85
    •  
  • 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
    property image
    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
    property image
    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
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.80
    •  
PROPERTY LISTING DETAILS
Freda Breen
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21044691
Last Updated: 03/12/2021
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