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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $645.96
- 3 Days on Market
- MLS # : OC21035173
- Updated Date : 02/19/2021 at 16:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,980 sqft
- Baths : 2 full
Listing Agent
Century 21 Award
Listing Agent's Description
Wonderful single level home situated on a private elevated corner lot. The enclosed, tranquil, entry court yard has a zen quality with a water feature and koi pond. Ocean views, ocean breezes, and the nearby pounding surf alert the senses that beach time and water sports are moments away. A private Beach Club, on the sand, is available to residents of the Shorecliffs Community. Other proximate amenities include Shorecliffs Golf Course, San Clemente Beach Trail, bike trails and paths into San Clemente and Dana Point Harbor. Convenient to Shorecliffs Middle School, Outlets at San Clemente, Jim Johnson Memorial Sport Park, Canyon View Park, and the 5 Frwy. John Wayne Airport is approximately 30 minutes via the 5 Frwy and the 73 toll Road. Improvement upgrades include remodeled kitchen, master and guest bathrooms, dual pane windows, sliding glass doors, luxury quality vinyl flooring throughout, newer forced air heating unit, newer insulated water heater, water filtering system, and new copper plumbing. A great opportunity to live in the serene, watery world of Shorecliffs.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Forster Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Forster Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,260 |
| EXPENSES | Loan Payment | -$4,442 |
| Property Tax | -$1,082 | |
| Property Insurance | -$75 | |
| HOA | -$38 | |
| Property Management Fees | -$209 | |
|
CASH FLOW
-$1,586
|
||
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.
$1,279,000
PROJECTED PRICE
$4,260
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$344,685
LOAN DETAILS
$4,442
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $319,750 |
| Loan Amount | $959,250 |
0.33
YEARS SAVED
$975
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,260
LIST RENT -
$2.15
LIST RENT PER SQFT
-
$4,282
COMP ESTIMATED VALUE -
$2.16
COMP AVG. RENT PER SQFT
Comps Range
-
2731 Via Montecito San Clemente, CA 3
- 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1963
![property image]()
- Rent
- Rent Per SQFT
- $4,260
- $2.15
-
2901 Calle Guadalajara San Clemente, CA 1
- 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1982
![property image]()
LEASED 11/11/20- Rent
- Rent Per SQFT
- $3,800
- $1.96
-
205 Via Montego San Clemente, CA 2
- 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 1963
![property image]()
LEASED 01/15/21- Rent
- Rent Per SQFT
- $4,200
- $2.31
-
2945 Calle Guadalajara San Clemente, CA 4
- 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1979
![property image]()
LEASED 08/18/20- Rent
- Rent Per SQFT
- $4,350
- $2.02
-
3007 Calle Frontera San Clemente, CA 5
- 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1980
![property image]()
LEASED 10/17/20- Rent
- Rent Per SQFT
- $4,800
- $2.36
PROPERTY LISTING DETAILS
Century 21 Award
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21035173
Last Updated: 02/19/2021
