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31 Creek View Road Coto De Caza, CA 92679

5 Beds 3 Baths 2,730 sqft Built 1996

$1,259,000

List Price

$4,110

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $461.17
  • 38 Days on Market
  • MLS # : OC20259945
  • Updated Date : 01/18/2021 at 19:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,730 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Beautifully updated pool home - centrally located in the Guard Gated Community of Coto de Caza, situated on a large PRIVATE corner lot on a cul-de-sac street. The home features four bedrooms (one on the main level), three full bathrooms, and two flex/bonus rooms - which could be additional bedrooms, game room, or office spaces. An expansive, updated private master suite includes a luxurious master bath with large soaking tub and separate shower, dual vanities, and spacious walk-in closet with organizers, plus a large terrace with views to the hills in the distance, and the amazing backyard. Open floorplan with abundant natural light - formal and informal living flow seamlessly - with Kitchen and Family Room located at the rear of the house - opening up to the fabulous backyard which features a new built in BBQ with bar seating, swimming pool and large spa, plus plenty of room for dining and hanging out around the pool. Gorgeous hardwood floors grace the entire home. The newly updated kitchen has stainless appliances, a center island with seating, beautiful Calacatta countertops, and windows with views to the backyard and pool. Two car attached garage with new epoxy floors. Home is also available for lease.

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 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)

PRICE & RENT TRENDS

Neighborhood: Oak Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $272k1369k

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

Neighborhood: Oak Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002500300035004000450050005500Rent in $19815510

* 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
 

$1,133,100$1,384,900$1,259,000

PURCHASE PRICE

$3,699$4,521$4,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,110
EXPENSES Loan Payment -$4,373
Property Tax -$1,061
Property Insurance -$93
HOA -$235
Property Management Fees -$201
CASH FLOW
-$1,853

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.

$1,259,000

PROJECTED PRICE

$4,110

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.5%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$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$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$339,385

INVESTMENT

$339,385

Down Payment
$314,750
Rehab Estimate
$5,750
Closing Costs
$18,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,373

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $314,750
Loan Amount $944,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,110

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $4,075

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,850
1$3,8502$4,1103$4,1504$4,4005$4,500
$4,500
RENT COMPS ANALYSIS
  • 31 Creek View Road Coto De Caza, CA 2
    • 5 beds 3 baths ∙ 2,730 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,730 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $4,110
    • $1.51
    •  
  • 19 Bronco Street Trabuco Canyon, CA 1
    • 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 1996
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.50
    •  
  • 6 Rockrose Court Coto De Caza, CA 3
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1997
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.43
    •  
  • 17 Gingham Street Trabuco Canyon, CA 4
    • 5 beds 3 baths ∙ 2,795 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,795 Sqft ∙ Built 1997
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.57
    •  
  • 12 Coastal Oak Lane Coto De Caza, CA 5
    • 5 beds 3 baths ∙ 3,053 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,053 Sqft ∙ Built 1997
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.47
    •  
PROPERTY LISTING DETAILS
Darleen Centala
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20259945
Last Updated: 01/18/2021
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