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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$323,750
LOAN DETAILS
$4,168
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $300,000 |
Loan Amount | $900,000 |
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
PROPERTY LISTING DETAILS
Redfin
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21026325
Last Updated: 02/11/2021