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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $476.48
- 4 Days on Market
- MLS # : OC20253708
- Updated Date : 12/10/2020 at 09:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,130 sqft
- Baths : 3 full
Listing Agent
Regency Real Estate Brokers
Listing Agent's Description
Welcome to this absolutely stunning panoramic golf course and lake view home on Coto’s gorgeous South course! Cathedral ceilings and a sweeping staircase greet you upon entrance to this beautiful 4 bedroom (1 bedroom downstairs is currently being used as their office), 3 bathroom, 2,130 sq. ft. home. Remodeled, comfortable, flowing open floor plan with tons of natural light and a feeling of complete privacy are just a few words to describe this gorgeous home. Kitchen has been completely remodeled with white shaker cabinetry with glass displays, all self-closing with top-of-the-line Taj Mahal Quartz countertops with a leather finish plus a kitchen island with barstool seating. The kitchen opens to the family room and living room that hosts a beautiful fireplace with custom built-ins to the side. Expansive views from the home’s most prominent rooms including the master bedroom and bathroom which has a soaking tub, separated walk-in shower and large walk-in closet. Upgrades include gorgeous wainscoting woodwork, custom built-ins, recessed lighting, new Milgard windows and French Door in the back of the home, custom window shades & shutters, crown molding, ceiling fans and a full size laundry room and wood floors throughout. Enjoy the luxury of 24-hour manned guard gate & security, miles of horse, walking, biking & hiking trails, a large sports park, equestrian center plus memberships are available for The Coto de Caza Golf & Racquet Club. No Mello Roos, 241 Toll Road Close by.
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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: Chantemar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chantemar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,910 |
EXPENSES | Loan Payment | -$3,745 |
Property Tax | -$855 | |
Property Insurance | -$79 | |
HOA | -$235 | |
Property Management Fees | -$192 | |
CASH FLOW
-$1,195
|
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.
$1,014,900
PROJECTED PRICE
$3,910
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.08% |
Appreciation Year (1-5) | 3.8% |
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
$274,699
LOAN DETAILS
$3,745
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $253,725 |
Loan Amount | $761,175 |
0.58
YEARS SAVED
$2,431
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,910
LIST RENT -
$1.84
LIST RENT PER SQFT
-
$3,925
COMP ESTIMATED VALUE -
$1.84
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Regency Real Estate Brokers
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20253708
Last Updated: 12/10/2020