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32 Dornoch Way Coto De Caza, CA 92679

4 Beds 3 Baths 2,130 sqft Built 1996

$1,014,900

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
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.

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: Chantemar

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $272k1369k

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

Neighborhood: Chantemar

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
 

$913,410$1,116,390$1,014,900

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$274,699

INVESTMENT

$274,699

Down Payment
$253,725
Rehab Estimate
$5,750
Closing Costs
$15,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,745

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $253,725
Loan Amount $761,175
See What Happens When You Reinvest Cash Flow

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
$3,350
1$3,3502$3,8003$3,9104$4,2005$4,300
$4,300
RENT COMPS ANALYSIS
  • 32 Dornoch Way Coto De Caza, CA 3
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,910
    • $1.84
    •  
  • 7 Clementine Trabuco Canyon, CA 1
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1996
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.68
    •  
  • 42 Frontier Street Trabuco Canyon, CA 2
    • 5 beds 3 baths ∙ 1,994 Sqft ∙ Built 1997 5 beds 3 baths ∙ 1,994 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.91
    •  
  • 105 Frontier Street Trabuco Canyon, CA 4
    • 5 beds 4 baths ∙ 2,296 Sqft ∙ Built 1997 5 beds 4 baths ∙ 2,296 Sqft ∙ Built 1997
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.83
    •  
  • 18 Dornoch Way Coto De Caza, CA 5
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1996
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.95
    •  
PROPERTY LISTING DETAILS
Julie Moran
Regency Real Estate Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20253708
Last Updated: 12/10/2020
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