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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $509.55
- 3 Days on Market
- MLS # : OC20259983
- Updated Date : 12/18/2020 at 14:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,256 sqft
- Baths : 3 full
Listing Agent
Douglas Elliman Of California
Listing Agent's Description
Turn key newly remodeled beautiful 3 bedroom, 3 bathroom, open floor plan town-home is perfectly placed at the cul de sac and steps away from the pool in the highly sought after Montecido Community within Portola Hills that is known for its exceptional views and gorgeous community. Brand new tile flooring throughout the home with tranquil neutral fresh paint throughout. Fully upgraded kitchen includes crafted cabinetry and stainless steel appliances. Three fully remodeled bathrooms with marble look tiling and built in pocket niche shelving. Don't Miss Out!
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Montecido
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Montecido
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$2,361 |
| Property Tax | -$545 | |
| Property Insurance | -$57 | |
| HOA | -$220 | |
| Property Management Fees | -$121 | |
|
CASH FLOW
-$835
|
||
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.
$639,999
PROJECTED PRICE
$2,470
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 6.5% |
| 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
$175,350
LOAN DETAILS
$2,361
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $160,000 |
| Loan Amount | $479,999 |
0.33
YEARS SAVED
$422
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$1.97
LIST RENT PER SQFT
-
$2,465
COMP ESTIMATED VALUE -
$1.96
COMP AVG. RENT PER SQFT
Comps Range
-
28474 Yosemite Drive Trabuco Canyon, CA 1
- 3 beds 3 baths ∙ 1,256 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,256 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,470
- $1.97
-
28463 Klondike Drive Lake Forest, CA 2
- 3 beds 3 baths ∙ 1,256 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,256 Sqft ∙ Built 1992
LEASED 07/15/19- Rent
- Rent Per SQFT
- $2,500
- $1.99
-
19665 Orviento Drive Lake Forest, CA 3
- 3 beds 3 baths ∙ 1,305 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,305 Sqft ∙ Built 1997
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,550
- $1.95
-
19511 Highridge Way Lake Forest, CA 4
- 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 1991
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,975
- $1.91
-
31 Parterre Avenue Lake Forest, CA 5
- 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1996
LEASED 08/07/20- Rent
- Rent Per SQFT
- $3,200
- $2.00
PROPERTY LISTING DETAILS
Douglas Elliman Of California
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20259983
Last Updated: 12/18/2020
