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2022 Via Solona San Clemente, CA 92673

4 Beds 3 Baths 2,284 sqft Built 1991

$1,199,000

List Price

$3,990

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $524.96
  • 2 Days on Market
  • MLS # : OC21053017
  • Updated Date : 03/27/2021 at 14:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,284 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Coastal Homes

Listing Agent's Description

Located in the Flora Vista Development, in Forster Ranch three bedroom plus an office home awaits! Home has been lovingly maintained by original owner and a delight to show. A welcoming double door entry, formal living room & dining area with soaring ceilings. The kitchen is open to the family room and overlooks the spacious rear yard. Convenient kitchen island and double ovens. Family room features a cozy fireplace and custom media built in. The downstairs office also offers custom built ins and shelves. Upstairs features a master suite with sitting area and custom closet organizers. Double vanity area and a deep soaking jacuzzi tub and separate shower. Two secondary bedrooms and full bath complete the upper level. Other highlights to the home include, central air, plantation shutters, ceiling fans, newer garage doors and mirrored wardrobes. The Backyard is perfect for entertaining or just relaxing! Great corner location with a large, covered patio, great sun exposure and Eco-friendly turf. Enjoy the cool ocean breezes, hiking trails, parks, tennis courts, and walk to award winning Elementary and Jr. High Schools. Come & Enjoy this Home!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Forster Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1085k

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

Neighborhood: Forster Ranch

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
Truman Benedict Elementary School Primary Regular 677 22 8
Bernice Ayer Middle School Middle Regular 896 33 6
San Clemente High School High Regular 3,036 107 9

Truman Benedict Elementary School

  • Education Level: Primary
  • # of students: 677
  • # of teachers: 22
8
GreatSchools Rating

Bernice Ayer Middle School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 33
6
GreatSchools Rating

San Clemente High School

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

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$3,591$4,389$3,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,990
EXPENSES Loan Payment -$4,165
Property Tax -$1,014
Property Insurance -$82
HOA -$78
Property Management Fees -$196
CASH FLOW
-$1,544

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.

$1,199,000

PROJECTED PRICE

$3,990

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.6%
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$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,165

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$537

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,990

    LIST RENT
  • $1.75

    LIST RENT PER SQFT
  • $4,305

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,990
1$3,9902$3,9953$4,0004$4,2005$4,395
$4,395
RENT COMPS ANALYSIS
  • 2022 Via Solona San Clemente, CA 1
    • 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.75
    •  
  • 6004 Camino Tierra San Clemente, CA 2
    • 3 beds 3 baths ∙ 2,104 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,104 Sqft ∙ Built 2001
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.90
    •  
  • 13 Calle Clasico San Clemente, CA 3
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2000
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.82
    •  
  • 5725 Calle Polvorosa San Clemente, CA 4
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2001
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.99
    •  
  • 5416 Camino Mojado San Clemente, CA 5
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2001
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $1.83
    •  
PROPERTY LISTING DETAILS
Sandra Marquez
Re/max Coastal Homes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21053017
Last Updated: 03/27/2021
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