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PROPERTY INFO
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!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coto de Caza
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$243,985
LOAN DETAILS
$3,123
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $224,750 |
| Loan Amount | $674,250 |
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
-
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, Broker
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21150154
Last Updated: 07/11/2021
