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28876 Woodspring Circle Trabuco Canyon, CA 92679

3 Beds 2 Baths 1,210 sqft Built 1985

INVESTimate

$660,000

List Price

$2,540

$2,290 - $2,790

Rent Est.

$692,274  ( +4.89%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $545.45
  • 7 Days on Market
  • MLS # : OC20169527
  • Updated Date : 08/20/2020 at 10:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,210 sqft
  • Baths : 2 full
Listing Agent

New Dimension Investment Prop

Listing Agent's Description

Breathe taking Panoramic Views!!! Desirable single-story home with a light, bright, airy, open floor plan. New beautiful upgraded flooring, custom baseboards, fresh paint, and window shutters throughout. Enjoy cooking with your stainless appliances while taking in the gorgeous views from every window. Private outdoor master bedroom retreat, and spacious master closets. Low maintenance backyard perfect for entertaining. This charm is located in the Hills of Portola. Safe, upscale neighborhood, close to hiking/biking trails, parks & award-winning PH Elementary within walking distance. Resort-style community pool. No Mello-Roos and super low HOA dues.

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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Portola Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $266k922k

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

Neighborhood: Portola Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18643818

* 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
Portola Hills Elementary School Primary Regular 764 28 9
Portola Hills Elementary School Middle Regular 764 28 9
El Toro High School High Magnet 2,548 98 8

Portola Hills Elementary School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 28
9
GreatSchools Rating

Portola Hills Elementary School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 28
9
GreatSchools Rating

El Toro High School

  • Education Level: High
  • # of students: 2,548
  • # of teachers: 98
8
GreatSchools Rating
 

$594,000$726,000$660,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,435
Property Tax -$567
Property Insurance -$56
HOA -$144
Property Management Fees -$124
CASH FLOW
-$787

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.

$660,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.89%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,650

INVESTMENT

$180,650

Down Payment
$165,000
Rehab Estimate
$5,750
Closing Costs
$9,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $165,000
Loan Amount $495,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $2.1

    LIST RENT PER SQFT
  • $2,384

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5403$2,5504$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 28876 Woodspring Circle Trabuco Canyon, 2
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $2.10
    •  
  • 28463 Klondike Drive Lake Forest, 1
    • 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, 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
    •  
  • 28 Balustrade Place Lake Forest, 4
    • 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1997
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.99
    •  
  • 58 Parterre Avenue Lake Forest, 5
    • 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1996
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
PROPERTY LISTING DETAILS
Jacob Rowan
New Dimension Investment Prop
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20169527
Last Updated: 08/20/2020
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