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31 Creek View Road Coto De Caza, CA 92679

5 Beds 3 Baths 2,730 sqft Built 1996

$1,128,500

List Price

$4,150

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $413.37
  • 48 Days on Market
  • MLS # : OC20192981
  • Updated Date : 10/30/2020 at 13:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,730 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Private pool home, centrally located in the Guard Gated community of Coto de Caza. Freshly painted, this spacious home offers an open floorplan with a nice flow between formal and informal living spaces and abundant natural light. Hardwood floors throughout the home. The family room and kitchen open up to the Large private back yard, which features a pool and spa. No house directly behind the property, offering expansive hillside views from the rear yard and terrace off the master suite. The home has been customized with built-in cabinets and closet organizers. More photos coming soon.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$1,015,650$1,241,350$1,128,500

PURCHASE PRICE

$3,735$4,565$4,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,150
EXPENSES Loan Payment -$4,164
Property Tax -$951
Property Insurance -$88
HOA -$235
Property Management Fees -$203
CASH FLOW
-$1,491

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.

$1,128,500

PROJECTED PRICE

$4,150

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$304,803

INVESTMENT

$304,803

Down Payment
$282,125
Rehab Estimate
$5,750
Closing Costs
$16,928

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,164

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $282,125
Loan Amount $846,375
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,150

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $4,507

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$4,1503$4,3004$4,8005$4,900
$4,900
RENT COMPS ANALYSIS
  • 31 Creek View Road Coto De Caza, CA 2
    • 5 beds 3 baths ∙ 2,518 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,518 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.65
    •  
  • 12 Abilene Drive Trabuco Canyon, CA 1
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1998
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.64
    •  
  • 1 Willow Bend Road Coto De Caza, CA 3
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1998
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.87
    •  
  • 32 Whippoorwill Road Trabuco Canyon, CA 4
    • 4 beds 2 baths ∙ 2,646 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,646 Sqft ∙ Built 1998
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.81
    •  
  • 7 Whippoorwill Road Trabuco Canyon, CA 5
    • 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1998
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.84
    •  
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 #: OC20192981
Last Updated: 10/30/2020
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