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4 Calle Tortuga San Clemente, CA 92673

4 Beds 3 Baths 2,365 sqft Built 2001

INVESTimate

$999,000

List Price

$3,910

$3,660 - $4,160

Rent Est.

$1,036,063  ( +3.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $422.41
  • 6 Days on Market
  • MLS # : OC20171192
  • Updated Date : 08/22/2020 at 19:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,365 sqft
  • Baths : 2 full , 1 half
Listing Agent

Greentree Properties

Listing Agent's Description

You’ll love coming home to this sunny 4 bedroom 2.5 bath family home in the master-planned community of Talega! Numerous upgrades make it move-in ready, including new luxury vinyl plank flooring, new baseboards and crown molding, fresh paint and plantation shutters throughout. Keep traditions alive as you prepare family favorites in a modern kitchen with stunning wood cabinetry, premium stainless steel appliances, granite countertops, center island with storage/seating and a walk-in pantry. Serve guests in a spacious formal dining room with built-in buffet and an elegant chandelier. A fireplace and built-in entertainment cabinet make the family room a cozy place for family and friends to gather. On the second floor, enjoy the convenience of an upstairs laundry. Is your family looking for a place to spread out while working and schooling at home? A built-in desk in the loft and office conversion downstairs make it easy for everyone to be productive. You’ll love staycations in your own tropical backyard paradise! Enjoy a tranquil setting surrounded by grass and raised planter beds filled with lush landscaping. Mature trees, including avocados, surround the property. The covered patio provides plenty of space for outdoor entertaining, further enhanced by a built-in bbq and fire pit with seating. Walking distance to Talega Village Center & Golf Course and only minutes to the beach & downtown San Clemente! Amenities include pools, tennis courts, clubhouse, hiking trails & parks.

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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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Talega

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1091k

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

Neighborhood: Talega

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000420044004600Rent in $19814763

* 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
Vista Del Mar Elementary School Primary Regular 1,118 36 9
Vista Del Mar Middle School Middle Regular 614 25 9
San Clemente High School High Regular 3,036 107 9

Vista Del Mar Elementary School

  • Education Level: Primary
  • # of students: 1,118
  • # of teachers: 36
9
GreatSchools Rating

Vista Del Mar Middle School

  • Education Level: Middle
  • # of students: 614
  • # of teachers: 25
9
GreatSchools Rating

San Clemente High School

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

$899,100$1,098,900$999,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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-$25k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$3,686
Property Tax -$1,055
Property Insurance -$84
HOA -$215
Property Management Fees -$192
CASH FLOW
-$1,322

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.

$999,000

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) 3.71%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$588

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
  • $1.65

    LIST RENT PER SQFT
  • $3,926

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,9003$3,9104$4,5005$4,600
$4,600
RENT COMPS ANALYSIS
  • 4 Calle Tortuga San Clemente, 3
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,910
    • $1.65
    •  
  • 300 Zorro Vista San Clemente, 1
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1994
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.68
    •  
  • 21 Calle Cangrejo San Clemente, 2
    • 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2000
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.56
    •  
  • 12 Avenida Reflexion San Clemente, 4
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2000
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.70
    •  
  • 31 Calle Pelicano San Clemente, 5
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2000
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.70
    •  
PROPERTY LISTING DETAILS
Kevin Hood
Greentree Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20171192
Last Updated: 08/22/2020
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