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27 Bell Vista Lake Forest, CA 92610

4 Beds 3 Baths 2,565 sqft Built 1993

$1,100,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $428.85
  • 4 Days on Market
  • MLS # : OC21012016
  • Updated Date : 01/21/2021 at 14:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,565 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Come live your best life in this gorgeous executive Foothill Ranch home. As you enter you will gaze upon soaring vaulted ceilings adorned with large windows and a dramatic skylight above the sweeping curved staircase that bathe the interior in natural light. The formal living and dining room add elegance to all your gatherings. The kitchen overlooks the family room for ease of daily living. The family room is adorned with crown molding, shutters and enjoys a fireplace with a stunning stacked stone surround and accent wall. The kitchen has been upgraded to feature an abundance of cabinet space, granite counters and an eat-at breakfast bar. The primary bedroom enjoys vaulted ceilings and an en suite with a garden tub, step in shower and large walk-in closet. The large bonus room provides extra space for work or play and can easily be converted into a 5th bedroom. Create the perfect outdoor living and dining space under the covered patio and create culinary sensations at the built-in BBQ island. You will enjoy star gazing while soaking in the hot tub all year long while listening to the serene sounds of nature in the backyard. The three car garage makes parking a breeze and adds extra flex space for exercise, work or play. Highly ranked schools too. Surrounded by canyons and open space, you will find miles of trails to explore and breathtaking views. To see it is to love it!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19033818

* 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
Foothill Ranch Elementary School Primary Regular 1,100 38 8
Foothill Ranch Elementary School Middle Regular 1,100 38 8
Trabuco Hills High School High Regular 2,960 112 9

Foothill Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,100
  • # of teachers: 38
8
GreatSchools Rating

Foothill Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,100
  • # of teachers: 38
8
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$3,821
Property Tax -$956
Property Insurance -$89
HOA -$84
Property Management Fees -$173
CASH FLOW
-$1,592

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.

$1,100,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$110

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,530

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $3,790

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5303$3,6504$3,8005$3,995
$3,995
RENT COMPS ANALYSIS
  • 27 Bell Vista Lake Forest, CA 2
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $3,530
    • $1.38
    •  
  • 24 Pastora Lake Forest, CA 1
    • 5 beds 3 baths ∙ 2,323 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,323 Sqft ∙ Built 1993
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.46
    •  
  • 14 Pastora Lake Forest, CA 3
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1991
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.40
    •  
  • 2 Salinas Lake Forest, CA 4
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1994
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.52
    •  
  • 11 Vitale Lane Lake Forest, CA 5
    • 5 beds 3 baths ∙ 2,609 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,609 Sqft ∙ Built 1995
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.53
    •  
PROPERTY LISTING DETAILS
Brian Morales
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21012016
Last Updated: 01/21/2021
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