Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2005 Via Vina San Clemente, CA 92673

4 Beds 2 Baths 1,937 sqft Built 1994

$999,000

List Price

$4,700

$4.5K - $5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $515.75
  • 14 Days on Market
  • MLS # : OC21031848
  • Updated Date : 02/27/2021 at 05:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,937 sqft
  • Baths : 2 full
Listing Agent

Re/max Coastal Homes

Listing Agent's Description

Nestled in the ocean close coastal hills of San Clemente’s Forester Ranch sits this spacious SINGLE LEVEL 4 bedroom, 2 bath home. This Hillcrest Plan A located in the highly sought after Sunset Ridge Tract of Flora Vista is 1,937 square feet and has been lovingly cared for by it’s original owners. Although it is mostly original, the owners have added granite counters in the kitchen and the roof was replaced within the last 5 years. The home has central A/C and heating and a 3 car garage. Situated on a large 7,656 square foot pool sized lot overlooking the homes below with views to the north of the hills. This home can be lived in as-is or as a blank canvas for your single level dream home. The Neighborhood is surrounded by Rolling Hills, Greenbelts, Parks, Tennis Courts, and Hiking Trails. Walking Distance to Award Winning Elementary and Middle School. Low association dues and NO MELLO ROOS. Welcome Home!

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: The Summit at Highland Light

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500kPrice in $272k1564k

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

Neighborhood: The Summit at Highland Light

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000250030003500400045005000Rent in $19815421

* 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
Marblehead Elementary School Primary Regular 412 14 4
Shorecliffs Middle School Middle Regular 1,021 39 7
San Clemente High School High Regular 3,036 107 9

Marblehead Elementary School

  • Education Level: Primary
  • # of students: 412
  • # of teachers: 14
4
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
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$4,230$5,170$4,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,700
EXPENSES Loan Payment -$3,470
Property Tax -$880
Property Insurance -$74
HOA -$78
Property Management Fees -$230
CASH FLOW
-$32

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.

$999,000

PROJECTED PRICE

$4,700

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.1%
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$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$3,470

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$64,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,700

    LIST RENT
  • $2.43

    LIST RENT PER SQFT
  • $3,826

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,4003$3,6504$4,5005$4,700
$4,700
RENT COMPS ANALYSIS
  • 2005 Via Vina San Clemente, CA 5
    • 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $2.43
    •  
  • 123 La Ronda San Clemente, CA 1
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1989
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.91
    •  
  • 121 La Ronda San Clemente, CA 2
    • 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 1989
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.11
    •  
  • 2138 Via Teca San Clemente, CA 3
    • 3 beds 3 baths ∙ 1,910 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,910 Sqft ∙ Built 1986
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.91
    •  
  • 319 Calle Familia San Clemente, CA 4
    • 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1976
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.97
    •  
PROPERTY LISTING DETAILS
Chuck Cummings
Re/max Coastal Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21031848
Last Updated: 02/27/2021
BESbswy