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4 Via Belorado San Clemente, CA 92673

4 Beds 3 Baths 2,234 sqft Built 2004

INVESTimate

$899,900

List Price

$4,570

$4,320 - $4,820

Rent Est.

$944,715  ( +4.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $402.82
  • 6 Days on Market
  • MLS # : OC20169257
  • Updated Date : 08/24/2020 at 09:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,234 sqft
  • Baths : 3 full
Listing Agent

Homesmart, Evergreen Realty

Listing Agent's Description

Turnkey designer home in the community of Amalfi in Talega. 4-beds and 3-baths in a cozy cul-de-sac perfect for a growing family featuring a flowing floor-plan including a desirable first floor bedroom/home office and full bathroom. Transitional style colors and design incorporating Mediterranean and Contemporary characteristics- Wood flooring, crown molding, interior color paints, custom kitchen with splash to ceiling, granite countertops, stainless steel appliances. Other features- French doors, vanishing screens, plantation shutters, surround sound system. Spacious Master Bedroom suite opens to a vestibule, a spacious walk-in closet, bath with stone flooring, limestone countertop, decorative splash, soaking tub, step-in shower. Second floor has a tech/home office space, 2-bedrooms with a Jack n Jill dual sink bathroom. Two-car garage has built-in cabinets, work desk, finished with epoxy floor and painted walls. Enjoy the extended driveway as a courtyard for play or entertaining- just as in the intimate backyard fire pit setting. Within walking distance- award-winning K-8 Vista Del Mar School, Liberty Park (tennis and basketball courts, swimming pool, sports fields), hiking/biking trails, sports park, golf, shopping, dining are a short distance drive. Do not miss out on this turnkey home in San Clemente! Check it out for yourself through the 3D virtual tour link here: http://4ViaBelorado.com

SEE MORE

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: 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
Concordia Elementary School Primary Regular 663 21 7
Shorecliffs Middle School Middle Regular 1,021 39 7
San Clemente High School High Regular 3,036 107 9

Concordia Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 21
7
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
 

$809,910$989,890$899,900

PURCHASE PRICE

$4,113$5,027$4,570

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-$10k$0.0$10k$20k$30k

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 $4,570
EXPENSES Loan Payment -$3,320
Property Tax -$946
Property Insurance -$81
HOA -$215
Property Management Fees -$224
CASH FLOW
-$216

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.

$899,900

PROJECTED PRICE

$4,570

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.98%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,320

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$48,525

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,570

    LIST RENT
  • $2.05

    LIST RENT PER SQFT
  • $4,502

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$4,570
1$4,5702$4,5953$4,6004$4,8005$4,900
$4,900
RENT COMPS ANALYSIS
  • 4 Via Belorado San Clemente, 1
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $4,570
    • $2.05
    •  
  • 104 Avenida Dominguez San Clemente, 2
    • 4 beds 4 baths ∙ 2,341 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,341 Sqft ∙ Built 2020
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $1.96
    •  
  • 120 Via Murcia San Clemente, 3
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2017
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $2.02
    •  
  • 108 Via Galicia San Clemente, 4
    • 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2016
    LEASED 03/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $2.02
    •  
  • 109 Via Galicia San Clemente, 5
    • 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2015
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $2.06
    •  
PROPERTY LISTING DETAILS
Michelle Yeam
Homesmart, Evergreen Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20169257
Last Updated: 08/24/2020
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