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21221 Oakridge Lane Trabuco Canyon, CA 92679

3 Beds 3 Baths 1,702 sqft Built 1987

$767,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $450.65
  • 30 Days on Market
  • MLS # : OC20203929
  • Updated Date : 10/29/2020 at 21:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,702 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Highly sought-after Robinson Ranch home on lovely small cul de sac. This home has 3 bedrooms, all on the upper level and 2.5 baths. Freshly updated and is ready for move-in. Vaulted ceilings, brick flooring and so much more. French doors lead to a landscaped yard complete with Spa. The master bedroom has vaulted ceilings and a relaxing deck. The community pool and spa are conveniently located close by. Community offers a Sports Park, tot-lot and miles of hiking and biking wilderness trails, and more. Close to schools, shops, restaurants, and entertainment. Low HOA, tax rate, and no Mello Roos. Live the Good Life in Robinson Ranch!

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
Robinson Elementary School Primary Regular 655 22 8
Rancho Santa Margarita Intermediate School Middle Regular 1,353 53 8
Mission Viejo High School High Magnet 2,438 92 8

Robinson Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 22
8
GreatSchools Rating

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
 

$690,300$843,700$767,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,830
Property Tax -$659
Property Insurance -$68
HOA -$159
Property Management Fees -$145
CASH FLOW
-$911

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.

$767,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

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

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$209,005

INVESTMENT

$209,005

Down Payment
$191,750
Rehab Estimate
$5,750
Closing Costs
$11,505

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $191,750
Loan Amount $575,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $3,268

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,1003$3,3504$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 21221 Oakridge Lane Trabuco Canyon, CA 1
    • 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.73
    •  
  • 31932 Pleasant Glen Road Rancho Santa Margarita, CA 2
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1985
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.85
    •  
  • 32005 Pleasant Glen Road Rancho Santa Margarita, CA 3
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1984
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.00
    •  
  • 21051 Silverado Drive Rancho Santa Margarita, CA 4
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1987
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.89
    •  
  • 32196 Fall River Road Rancho Santa Margarita, CA 5
    • 4 beds 3 baths ∙ 1,859 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,859 Sqft ∙ Built 1988
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.94
    •  
PROPERTY LISTING DETAILS
Mary Ann Azzolina
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20203929
Last Updated: 10/29/2020
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