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335 Calle Escuela San Clemente, CA 92672

4 Beds 2 Baths 2,056 sqft Built 1975

$1,179,000

List Price

$4,250

$4K - $4.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $573.44
  • 8 Days on Market
  • MLS # : OC21147262
  • Updated Date : 07/08/2021 at 09:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,056 sqft
  • Baths : 2 full
Listing Agent

Luxre Realty, Inc.

Listing Agent's Description

Welcome home to this one story , detached residence in the highly desirable Broadmoor Tract. Large, 2056 sq ft., 4 bedroom, 2 bath with a master suite with large walk in closet. Great open floor plan. Lot size is 7875 sq ft. Hill views from inside and partial ocean views from backyard. Recent kitchen remodel, new windows and sliders. Otherwise, put your finishing touches here. Located on a low traffic, single loaded street. Step down living room with an inviting fireplace and many extras will add to your enjoyment. Moments to great schools, restaurants, beaches and shopping will make this home a great opportunity for years to come.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: San Clemente

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1085k

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

Neighborhood: San Clemente

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814177

* 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
Clarence Lobo Elementary School Primary Regular 417 15 5
Shorecliffs Middle School Middle Regular 1,021 39 7
San Clemente High School High Regular 3,036 107 9

Clarence Lobo Elementary School

  • Education Level: Primary
  • # of students: 417
  • # of teachers: 15
5
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
 

$1,061,100$1,296,900$1,179,000

PURCHASE PRICE

$3,825$4,675$4,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,250
EXPENSES Loan Payment -$4,095
Property Tax -$998
Property Insurance -$77
HOA -$132
Property Management Fees -$208
CASH FLOW
-$1,259

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.

$1,179,000

PROJECTED PRICE

$4,250

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.0%
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$20k

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$318,185

INVESTMENT

$318,185

Down Payment
$294,750
Rehab Estimate
$5,750
Closing Costs
$17,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,095

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $294,750
Loan Amount $884,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,250

    LIST RENT
  • $2.07

    LIST RENT PER SQFT
  • $4,215

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8003$3,9004$4,2505$4,300
$4,300
RENT COMPS ANALYSIS
  • 335 Calle Escuela San Clemente, CA 4
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.07
    •  
  • 721 Via Nublado San Clemente, CA 1
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1985
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.02
    •  
  • 220 Avenida Montalvo San Clemente, CA 2
    • 3 beds 1 baths ∙ 1,896 Sqft ∙ Built 1980 3 beds 1 baths ∙ 1,896 Sqft ∙ Built 1980
    LEASED 06/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.00
    •  
  • 32 Finca San Clemente, CA 3
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1989
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.09
    •  
  • 303 Calle Fiesta San Clemente, CA 5
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1975
    LEASED 04/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $2.09
    •  
PROPERTY LISTING DETAILS
David Koffs
Luxre Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21147262
Last Updated: 07/08/2021
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