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 1984
- Price/Sqft : $768.42
- 5 Days on Market
- MLS # : OC20225553
- Updated Date : 11/11/2020 at 12:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,235 sqft
- Baths : 2 full
Listing Agent
Re/max Coastal Homes
Listing Agent's Description
Welcome to this truly one-of-a-kind property, located in the country coastal community of Forster Ranch. This incredible single level home features three bedrooms, two baths and is situated on a 14,000 sq. ft. lot. This home showcases a fresh beach-house design and a She Shed currently used as an office and hobby room! The floor to ceiling glass sliding doors overlook the park like rear yard with breathtaking hills and city lights views. Inside, this expansive light filled interior artfully incorporates an open concept design with white shiplap ceilings. The gorgeous remodeled “open concept” kitchen features custom cabinets, granite slab counters w/ glass tile backsplash, stainless appliances, large island, farmhouse sink and a built-in breakfast nook! The bathrooms were also completely remodeled. Some of the other highlights include, new wood plank tile flooring, new double paned windows and sliders, ceiling fans, new plumbing fixtures thru-out, new hardware, new lighting fixtures, new furnace, & A/C. The exterior of the home features an extra wide pavered driveway that can accommodate multiple cars. The lot can easily accommodate an RV or Boat storage. The private rear yard is perfect for entertaining or relaxing while enjoying the 180-degree unobstructed views in the above ground jacuzzi. An entertainer’s yard complete with covered patio, pizza oven, fire pit, fruit trees, a convenient “She Shed” and a storage shed! Near award winning elementary and junior high schools.
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: 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 | $3,400 |
| EXPENSES | Loan Payment | -$3,501 |
| Property Tax | -$802 | |
| Property Insurance | -$57 | |
| HOA | -$90 | |
| Property Management Fees | -$167 | |
|
CASH FLOW
-$1,217
|
||
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.
$949,000
PROJECTED PRICE
$3,400
PROJECTED RENT
0.36%
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
$257,235
LOAN DETAILS
$3,501
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $237,250 |
| Loan Amount | $711,750 |
0.42
YEARS SAVED
$1,168
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,400
LIST RENT -
$2.75
LIST RENT PER SQFT
-
$2,587
COMP ESTIMATED VALUE -
$2.1
COMP AVG. RENT PER SQFT
Comps Range
-
2868 Calle Heraldo San Clemente, CA 5
- 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $3,400
- $2.75
-
2903 Alforja San Clemente, CA 1
- 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1993
![property image]()
LEASED 09/12/19- Rent
- Rent Per SQFT
- $2,900
- $2.13
-
2808 Camino Capistrano San Clemente, CA 2
- 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1975
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $2,900
- $2.08
-
404 Calle Campanero San Clemente, CA 3
- 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 2003
![property image]()
LEASED 02/24/20- Rent
- Rent Per SQFT
- $3,100
- $2.11
-
402 Via Pichon San Clemente, CA 4
- 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1978
![property image]()
LEASED 08/20/20- Rent
- Rent Per SQFT
- $3,150
- $2.06
PROPERTY LISTING DETAILS
Re/max Coastal Homes
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20225553
Last Updated: 11/11/2020
