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21371 Windstream Circle Rancho Santa Margarita, CA 92679

4 Beds 3 Baths 2,839 sqft Built 1995

$1,050,000

List Price

$3,840

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $369.85
  • 5 Days on Market
  • MLS # : OC20229812
  • Updated Date : 11/11/2020 at 18:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,839 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Here is the Robinson Ranch four bedroom plus loft, three full bath view home on a 10,000sf corner lot you've been waiting for! Situated on a lush single-loaded cul-de-sac street with only one direct neighbor and expansive sunset and city lights views. This is the epitome of comfortable living with natural light-filled rooms for everyone who works or studies at home and for entertaining. Soaring ceilings, plantation shutters, recessed lighting, six ceiling fans and a neutral color scheme create a sense of space and warmth throughout the home. Formal living and dining rooms have vaulted ceilings plus hillside and tree views. A bright eat-in kitchen features granite counters and backsplash, large center island, maple cabinetry, new SS appliances, walk-in pantry, and direct access to a pool-sized backyard. The family room opens to the kitchen, has built-in shelving plus a fireplace offering a cozy place to relax. The main suite features a tray ceiling, incredible views, plus ensuite with mirrored door access to a large walk-in closet, soaking tub, and step-in shower. Two generously sized bedrooms have mirrored custom wardrobes plus a Jack & Jill bathroom with dual sink vanity and privacy doors. One bedroom and a full bath are located on the main level. The spacious loft could be converted to a fifth bedroom or an entertaining “teen suite”. Outdoor living spaces feature views, a retractable awning for all the sun or shade you desire, multiple patios, and a cascading water feature.

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
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$3,874
Property Tax -$903
Property Insurance -$96
HOA -$222
Property Management Fees -$188
CASH FLOW
-$1,443

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.

$1,050,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.37%

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

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$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$492

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,840

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $4,081

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8403$4,2004$4,3005$4,700
$4,700
RENT COMPS ANALYSIS
  • 21371 Windstream Circle Rancho Santa Margarita, CA 2
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,840
    • $1.35
    •  
  • 64 Hemingway Court Rancho Santa Margarita, CA 1
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2000
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.37
    •  
  • 2 Lawnridge Rancho Santa Margarita, CA 3
    • 5 beds 2 baths ∙ 3,019 Sqft ∙ Built 1994 5 beds 2 baths ∙ 3,019 Sqft ∙ Built 1994
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.39
    •  
  • 30 Greenspring Rancho Santa Margarita, CA 4
    • 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1994
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.42
    •  
  • 21261 Eastglen Drive Rancho Santa Margarita, CA 5
    • 5 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.57
    •  
PROPERTY LISTING DETAILS
Thalia Faklis
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20229812
Last Updated: 11/11/2020
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