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

218 Via Malaga San Clemente, CA 92673

5 Beds 3 Baths 2,702 sqft Built 2000

$1,049,000

List Price

$4,670

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $388.23
  • 3 Days on Market
  • MLS # : OC21029099
  • Updated Date : 02/12/2021 at 17:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,702 sqft
  • Baths : 3 full
Listing Agent

Redfin

Listing Agent's Description

This immaculate Talega home is move-in ready! Crown molding and fresh neutral paint throughout complement the bright and open floorplan. Enter into the inviting living room followed by the formal dining room with light-catching sliding doors to the spacious side yard. The remodeled kitchen is well-appointed with fresh white cabinets, quartz counters, stainless steel appliances, a large center island with breakfast bar and a breakfast nook. The kitchen opens to the family room featuring plantation shutters and a cozy brick fireplace. A main floor bedroom offers convenience and privacy for guests and is adjacent to the full downstairs bathroom. Upstairs, the master bedroom features offers closets and an en-suite master bathroom featuring a quartz-topped vanity dual sinks, a walk-in shower and soaking tub. Down the hall, three secondary bedrooms are generously sized and share the full hall bathroom with dual sinks. Relax or entertain in the spacious and private backyard featuring a BBQ island with bar seating, welcoming fireplace and a large grassy area.

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: Talega

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1091k

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

Neighborhood: Talega

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000420044004600Rent in $19814763

* 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
Vista Del Mar Elementary School Primary Regular 1,118 36 9
Vista Del Mar Middle School Middle Regular 614 25 9
San Clemente High School High Regular 3,036 107 9

Vista Del Mar Elementary School

  • Education Level: Primary
  • # of students: 1,118
  • # of teachers: 36
9
GreatSchools Rating

Vista Del Mar Middle School

  • Education Level: Middle
  • # of students: 614
  • # of teachers: 25
9
GreatSchools Rating

San Clemente High School

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

$944,100$1,153,900$1,049,000

PURCHASE PRICE

$4,203$5,137$4,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,670
EXPENSES Loan Payment -$3,644
Property Tax -$1,145
Property Insurance -$92
HOA -$125
Property Management Fees -$229
CASH FLOW
-$564

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.

$1,049,000

PROJECTED PRICE

$4,670

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 3.7%
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$0.0$10k$20k$30k

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$283,735

INVESTMENT

$283,735

Down Payment
$262,250
Rehab Estimate
$5,750
Closing Costs
$15,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,644

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,250
Loan Amount $786,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$23,440

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,670

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $4,884

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,6703$4,6754$4,8005$4,900
$4,900
RENT COMPS ANALYSIS
  • 218 Via Malaga San Clemente, CA 2
    • 5 beds 3 baths ∙ 2,702 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,702 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $4,670
    • $1.73
    •  
  • 12 Avenida Reflexion San Clemente, CA 1
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2000
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.70
    •  
  • 209 Via Malaga San Clemente, CA 3
    • 5 beds 3 baths ∙ 2,618 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,618 Sqft ∙ Built 2000
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,675
    • $1.79
    •  
  • 12 Via Canero San Clemente, CA 4
    • 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2006
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.87
    •  
  • 17 Paseo Canos San Clemente, CA 5
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2007
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.87
    •  
PROPERTY LISTING DETAILS
Ginger Huetsch
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21029099
Last Updated: 02/12/2021
BESbswy