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2910 Camino Capistrano #14C San Clemente, CA 92672

3 Beds 2 Baths 1,394 sqft Built 1975

$690,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $494.98
  • 4 Days on Market
  • MLS # : OC21057503
  • Updated Date : 03/25/2021 at 16:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,394 sqft
  • Baths : 2 full
Listing Agent

Forbes & Associates

Listing Agent's Description

Welcome to this gorgeous home! This renovated 3 bedroom 2 bath single level Shore Cliffs Villas Condo is located walking distance to beautiful San Clemente beaches. The spacious living room features laminate wood flooring and sliding glass doors that opens up to the expansive patio. The open floor plan allows versatile living options, providing space for a formal dining room or another casual family room that encourages indoor/outdoor entertaining. Kitchen features upgraded cabinets, quartz counter tops, stainless steel appliances and a breakfast nook. Separate laundry room off kitchen adds convenience and storage. Step outside to enjoy two sitting areas, all with a view out over the the golf course and community vistas. BBQ or enjoy your morning coffee - view and privacy that is so rare. The over-sized master suite provides additional living space with an en-suite master bath. Two additional bright bedrooms and guest bathroom complete this spacious floor plan. Newer vinyl windows, sliding glass doors and ceiling fans are big bonus in this unit. Grab your bike out of your two garages or put on your walking shoes and head down to Poche beach for a dip or surf. This is a home you won’t want to miss!

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MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Capistrano Beach

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1085k

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

Neighborhood: Capistrano Beach

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $18444177

* 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
Marblehead Elementary School Primary Regular 412 14 4
Shorecliffs Middle School Middle Regular 1,021 39 7
San Clemente High School High Regular 3,036 107 9

Marblehead Elementary School

  • Education Level: Primary
  • # of students: 412
  • # of teachers: 14
4
GreatSchools Rating

Shorecliffs Middle School

  • Education Level: Middle
  • # of students: 1,021
  • # of teachers: 39
7
GreatSchools Rating

San Clemente High School

  • Education Level: High
  • # of students: 3,036
  • # of teachers: 107
9
GreatSchools Rating
 

$621,000$759,000$690,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,397
Property Tax -$655
Property Insurance -$61
HOA -$402
Property Management Fees -$145
CASH FLOW
-$699

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$690,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$188,600

INVESTMENT

$188,600

Down Payment
$172,500
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$2,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $3,028

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9603$3,0004$3,4005$3,850
$3,850
RENT COMPS ANALYSIS
  • 2910 Camino Capistrano San Clemente, CA 2
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $2.12
    •  
  • 2808 Camino Capistrano San Clemente, CA 1
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1975
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.08
    •  
  • 2802 Camino Capistrano San Clemente, CA 3
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1975
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.98
    •  
  • 119 Del Gado Road San Clemente, CA 4
    • 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1987
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.19
    •  
  • 2713 Via Montecito San Clemente, CA 5
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1962
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $2.44
    •  
PROPERTY LISTING DETAILS
Jill Livingston
Forbes & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21057503
Last Updated: 03/25/2021
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