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20 Tavella Place Lake Forest, CA 92610

3 Beds 3 Baths 1,844 sqft Built 1991

$879,000

List Price

$3,420

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $476.68
  • 2 Days on Market
  • MLS # : OC21023563
  • Updated Date : 02/06/2021 at 05:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,844 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Welcome to this beautiful turnkey home nestled in the hills of the Foothill Ranch community. One of the best locations that’s walking distance to Foothill Ranch Elementary School, Library, Borrego Park, acres of wilderness hiking, and Foothill Ranch Towne Center with an abundance of restaurants and shops. This upgraded home has soaring ceilings with lots of natural light upon entry. A separate family room or dining room that opens to the remodeled kitchen and has access to the spacious backyard, perfect for entertaining! The primary bedroom also has high ceiling with lots of light, a large closet and updated bathroom with dual sinks. The other secondary bedrooms upstairs are spacious and share a remodeled bathroom. The upgrades to include engineered wood flooring throughout, remodeled kitchen with beautiful white cabinets, quartz countertops, recess lighting plus custom light fixtures along with water filtration system, remodeled bathrooms also with quartz countertops and newer tub in the secondary bathroom. Easy access to the toll road. LOW TAXES and NO MELLO ROOS. Don’t wait, this home will go FAST!!!

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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: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19033818

* 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
Rancho Santa Margarita Intermediate School Middle Regular 1,353 53 8
Trabuco Hills High School High Regular 2,960 112 9
Rancho Santa Margarita Intermediate School Middle Unknown NA

Rancho Santa Margarita Intermediate School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 53
8
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating

Rancho Santa Margarita Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$791,100$966,900$879,000

PURCHASE PRICE

$3,078$3,762$3,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,420
EXPENSES Loan Payment -$3,053
Property Tax -$766
Property Insurance -$72
HOA -$84
Property Management Fees -$168
CASH FLOW
-$722

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.

$879,000

PROJECTED PRICE

$3,420

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,053

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,420

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $3,513

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4003$3,4204$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 20 Tavella Place Lake Forest, CA 3
    • 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $3,420
    • $1.85
    •  
  • 4 Balustrade Place Lake Forest, CA 1
    • 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1997
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.00
    •  
  • 72 Blazewood Lake Forest, CA 2
    • 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 1993
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.89
    •  
  • 18 Enfilade Avenue Lake Forest, CA 4
    • 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 1991
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.74
    •  
  • 19 Aurore Avenue Lake Forest, CA 5
    • 4 beds 3 baths ∙ 1,807 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,807 Sqft ∙ Built 1993
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.99
    •  
PROPERTY LISTING DETAILS
Pam Lin
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21023563
Last Updated: 02/06/2021
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