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29 Tomahawk Street Trabuco Canyon, CA 92679

4 Beds 3 Baths 1,750 sqft Built 1996

$899,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $513.71
  • 4 Days on Market
  • MLS # : OC21150154
  • Updated Date : 07/11/2021 at 20:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,750 sqft
  • Baths : 2 full , 1 half
Listing Agent

Daniel Kirkham, Broker

Listing Agent's Description

Welcome home to this wonderful 4 bedroom, 2 1/2 bath home with a loft in the beautiful community of Wagon Wheel! From the quaint rose garden and covered front porch to the private master suite, expanded main floor living area, and manicured pool-sized lot, there is so much to love! This tri-level home features a separate master bedroom with walk-in closet, inside laundry, a two-car attached garage with hidden storage under the patio, tall ceilings, and lots of nature light. Upgrades include new neutral paint throughout, custom woodwork, new fixtures & ceiling fans, low maintenance laminate floors, Ring doorbell, and paver-lined driveway. French doors lead to private backyard with plenty of room to entertain. Extensive artificial turf in front and back, fruit trees, raised planter, and views to the pine-studded parkway behind. Walking distance to award-winning schools, parks, walking trails, and sport courts. Close to toll road, restaurants and shopping! Low tax rate, Low HOA dues & No Mello Roos! Make 29 Tomahawk your new home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Coto de Caza

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1130k

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

Neighborhood: Coto de Caza

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19014166

* 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
Wagon Wheel Elementary School Primary Regular 554 18 10
Las Flores Middle School Middle Regular 1,053 40 9
Tesoro High School High Regular 2,355 89 9

Wagon Wheel Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 18
10
GreatSchools Rating

Las Flores Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 40
9
GreatSchools Rating

Tesoro High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 89
9
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$3,123
Property Tax -$759
Property Insurance -$69
HOA -$69
Property Management Fees -$155
CASH FLOW
-$1,015

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.

$899,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $3,321

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,160
1$3,1602$3,2003$3,5004$3,7955$3,800
$3,800
RENT COMPS ANALYSIS
  • 29 Tomahawk Street Trabuco Canyon, CA 1
    • 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.81
    •  
  • 66 Frontier Street Trabuco Canyon, CA 2
    • 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 1992
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.83
    •  
  • 35 Dartmouth Lane Coto De Caza, CA 3
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1997
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.87
    •  
  • 17 Goldmine Street Trabuco Canyon, CA 4
    • 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 1997
    property image
    LEASED 04/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.98
    •  
  • 42 Frontier Street Trabuco Canyon, CA 5
    • 5 beds 3 baths ∙ 1,994 Sqft ∙ Built 1997 5 beds 3 baths ∙ 1,994 Sqft ∙ Built 1997
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.91
    •  
PROPERTY LISTING DETAILS
Daniel Kirkham
Daniel Kirkham, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21150154
Last Updated: 07/11/2021
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