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38 Calle Cabrillo Lake Forest, CA 92610

4 Beds 3 Baths 2,590 sqft Built 1994

$1,200,000

List Price

$3,870

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $463.32
  • 4 Days on Market
  • MLS # : OC21026325
  • Updated Date : 02/11/2021 at 09:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,590 sqft
  • Baths : 3 full
Listing Agent

Redfin

Listing Agent's Description

Beautiful pool home nestled in the hills of Foothill Ranch. Enter the double doors into the inviting living room with soaring ceilings that seamlessly flows to the dining room. The adjacent kitchen features fresh white cabinets, granite counters, stainless steel appliances, breakfast counter and opens to the great room. The oversized great room offers crown molding, a cozy brick fireplace, built-in surround sound speakers and sliding doors to the backyard. A full bathroom with a walk-in shower, full-size laundry room and direct access to the three-car garage complete the downstairs. Upstairs, the master bedroom features an en-suite master bathroom with dual sinks, a walk-in shower and soaking tub. Down the hall, three secondary bedrooms are generously sized and share the full hall bathroom with dual sinks. Relax or entertain in the backyard oasis featuring a sparkling pool & spa, four outdoor wired speakers, BBQ island with a built-in BBQ, burner, refrigerator, sink and bar seating. Conveniently located near shopping and dining options, freeway and toll roads and Whiting Ranch Wilderness Park. The 5th bedroom is currently set up where the pool table is located.

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: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19033818

* 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
Rancho Santa Margarita Intermediate School Middle Regular 1,353 53 8
Trabuco Hills High School High Regular 2,960 112 9
Rancho Santa Margarita Intermediate School Middle Unknown NA

Rancho Santa Margarita Intermediate School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 53
8
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating

Rancho Santa Margarita Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$4,168
Property Tax -$1,051
Property Insurance -$90
HOA -$84
Property Management Fees -$190
CASH FLOW
-$1,712

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.

$1,200,000

PROJECTED PRICE

$3,870

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.0%
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$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$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,870

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $3,840

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4503$3,8004$3,8705$3,995
$3,995
RENT COMPS ANALYSIS
  • 38 Calle Cabrillo Lake Forest, CA 4
    • 5 beds 3 baths ∙ 2,590 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,590 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,870
    • $1.49
    •  
  • 24 Pastora Lake Forest, CA 1
    • 5 beds 3 baths ∙ 2,323 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,323 Sqft ∙ Built 1993
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.46
    •  
  • 19 Calabria Lane Lake Forest, CA 2
    • 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 1993
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.42
    •  
  • 2 Salinas Lake Forest, CA 3
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1994
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.52
    •  
  • 11 Vitale Lane Lake Forest, CA 5
    • 5 beds 3 baths ∙ 2,609 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,609 Sqft ∙ Built 1995
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.53
    •  
PROPERTY LISTING DETAILS
Brian Morales
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21026325
Last Updated: 02/11/2021
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