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39 Albergar San Clemente, CA 92672

4 Beds 3 Baths 2,045 sqft Built 1990

$859,000

List Price

$3,890

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $420.05
  • 13 Days on Market
  • MLS # : OC21006021
  • Updated Date : 02/04/2021 at 18:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,045 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Located in the ocean-view community of Richmond Point, this beautifully remodeled & updated home’s generous floor plan inspires comfortable living & entertaining. Offering 4 spacious bedrooms, your new home starts w/a spacious living room featuring soaring 2 story ceilings & boasts all new plank wood laminate floors, a custom stone fireplace, & leads to the formal dining space. The gorgeous gray flooring runs throughout the lower level along with new neutral colored paint. Fancy yourself a pro-chef in the remodeled kitchen offering custom crisp white cabinetry, gorgeous quartz counters, stainless steel appliances, & breakfast bar. Slider doors off the family room lead to rare LARGE PRIVATE YARD which backs to a lush hillside - complete privacy! The home’s flexible floor plan offers 4 generous bedrooms, all located on the upper level. An updated upstairs guest bathroom features a custom tile surround & tile flooring. The master suite features a beautiful, custom sliding barn door leading to the en-suite bathroom, complete w/double sinks & walk-in shower. Natural lighting from multiple skylights & windows complete this charming home. The Richmond Pointe neighborhood is located in the ocean view master planned community of Rancho San Clemente, close to schools & parks, with access to miles of stunning trails along the famed Ridgeline Trail, & minutes to beaches & freeways ... Your best life starts here!

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: Rancho San Clemente

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1085k

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

Neighborhood: Rancho San Clemente

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600380040004200Rent in $18444221

* 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
Bernice Ayer Middle School Middle Regular 896 33 6
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

Bernice Ayer Middle School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 33
6
GreatSchools Rating

San Clemente High School

  • Education Level: High
  • # of students: 3,036
  • # of teachers: 107
9
GreatSchools Rating
 

$773,100$944,900$859,000

PURCHASE PRICE

$3,501$4,279$3,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,890
EXPENSES Loan Payment -$2,984
Property Tax -$727
Property Insurance -$76
HOA -$88
Property Management Fees -$191
CASH FLOW
-$176

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$859,000

PROJECTED PRICE

$3,890

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$233,385

INVESTMENT

$233,385

Down Payment
$214,750
Rehab Estimate
$5,750
Closing Costs
$12,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,984

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $214,750
Loan Amount $644,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$45,065

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,890

    LIST RENT
  • $1.9

    LIST RENT PER SQFT
  • $3,886

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,5003$3,8004$3,8905$3,900
$3,900
RENT COMPS ANALYSIS
  • 39 Albergar San Clemente, CA 4
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $3,890
    • $1.90
    •  
  • 3 Chapital San Clemente, CA 1
    • 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 1997
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.70
    •  
  • 48 Albergar San Clemente, CA 2
    • 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1989
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.95
    •  
  • 4 Finca San Clemente, CA 3
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1989
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.86
    •  
  • 32 Finca San Clemente, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Michelle Wilson
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21006021
Last Updated: 02/04/2021
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