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21041 Cimmaron Lane Rancho Santa Margarita, CA 92679

4 Beds 3 Baths 2,300 sqft Built 1988

$884,900

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $384.74
  • 3 Days on Market
  • MLS # : OC21027150
  • Updated Date : 02/12/2021 at 21:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,300 sqft
  • Baths : 3 full
Listing Agent

Century 21 Award

Listing Agent's Description

Dual Master Beauty!!! This beautiful 2300 sqft 4 bed / 3 full bath home is located in the desirable Robinson Ranch Neighborhood at the end of Cul-De-Sac. As soon as you walk in you are greeted by an inviting warm open floor plan. This home features 2 Masters, with one on each level. All the bathrooms have been updated and there is newer luxury Vinyl in the entry, dinning room, kitchen, bathrooms and hallway. The kitchen features granite counter tops, and open to the large family room. The upstairs master is your retreat with beautiful views of the sunset and a newly remodeled master bath. Besides the two masters you have two spacious bedrooms and another updated full bath downstairs. The private backyard features a fantastic gazebo, above ground spa and pavers throughout which creates a great space for friends and family to sit back and relax. Along with all this, enjoy all that Robinson Ranch has to offer: the incredible top-rated schools, community pools and parks, and easy trail access for the intrepid hiker or outdoor enthusiast. This is an incredible opportunity to buy a home with NO Mello Roos and a low HOA! This property is a must see!!

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: Trabuco Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900k950kPrice in $272k964k

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

Neighborhood: Trabuco Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814166

* 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
Mission Viejo High School High Magnet 2,438 92 8
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

Mission Viejo High School

  • Education Level: High
  • # of students: 2,438
  • # of teachers: 92
8
GreatSchools Rating

Rancho Santa Margarita Intermediate School

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

$796,410$973,390$884,900

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$3,074
Property Tax -$761
Property Insurance -$83
HOA -$159
Property Management Fees -$183
CASH FLOW
-$519

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.

$884,900

PROJECTED PRICE

$3,740

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$240,249

INVESTMENT

$240,249

Down Payment
$221,225
Rehab Estimate
$5,750
Closing Costs
$13,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,074

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $221,225
Loan Amount $663,675
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$18,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,740

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $4,042

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,6003$3,7404$4,2005$4,800
$4,800
RENT COMPS ANALYSIS
  • 21041 Cimmaron Lane Rancho Santa Margarita, CA 3
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $3,740
    • $1.63
    •  
  • 32111 Fall River Road Rancho Santa Margarita, CA 1
    • 4 beds 3 baths ∙ 1,970 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,970 Sqft ∙ Built 1988
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.68
    •  
  • 20 Greenspring Rancho Santa Margarita, CA 2
    • 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1994
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.76
    •  
  • 20771 Shadow Rock Lane Rancho Santa Margarita, CA 4
    • 5 beds 3 baths ∙ 2,539 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,539 Sqft ∙ Built 1990
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.65
    •  
  • 21483 Silvertree Lane Rancho Santa Margarita, CA 5
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1990
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.94
    •  
PROPERTY LISTING DETAILS
Stacy Feltman
Century 21 Award
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21027150
Last Updated: 02/12/2021
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