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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $291.21
- 2 Days on Market
- MLS # : OC21151295
- Updated Date : 07/12/2021 at 11:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,741 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Irvine
Listing Agent's Description
TOP FLOOR, 3 BEDROOMS END UNIT EL MIRADOR IN SOUGHT AFTER GATE 14. ENTRY THROUGH DOUBLE DOORS TO A TILED FOYER. THERE ARE SMOOTH CEILINGS, LAMINATE FLOORING THROUGHOUT. THE KITCHEN FEATURES, PLANTATION SHUTTERS, DUAL SINKS, RECESS LIGHTING AND TILE FLOORING, LOTS A CABINETS, AND A LARGE BREASKET NOOK,THAT BRIGHTEN BY THE NATURAL LIGHTING BY ITS ON WINDOW AND COOLED WITH A CEILING FAN. THERE ARE 3 GENEROUS SIZE BEDROOM, AND 2 BATH WITH CLOSET GALORE. OFF OF THE LIVING YOU ACCESS THE BALCONY THROUGH SLIDING DOORS WHERE YOU CAN ENJOY THE PEEK A POO VIEWS OF THE SADDLE BACK MOUNTAINS AND THE CITY LIGHTS.WHILE ENJOYING YOUR MORNING COFFE OR YOUR EVENINGS FAVORED DRINK. ENJOY ALL THE WONDERFUL AMENITIES THAT LAGUNA WOODS VILLAGE 55+ COMMUNITY HAS TO OFFER. 5 POOLS, 7 CLUB HOUSES, 2 FITNESS CENTERS, 3 GOLF COURSES, IMAGE PLAYING A BEAUTIFUL 18 HOLE COURSE FOR LESS THEN $12.00. ENJOY LUNCH, OR JUST ENJOY YOUR FAVORITE DRINK AT THE FRIENDLY BAR AND FABULOUS VIEWS FROM THE 19TH RESTAURANT, THEY ARE OPEN BREAKFAST, LUNCH, AND DINNER. THERE ARE OVER 250 SOCIAL CLUBS,CRAFT STUDIOS, THAT HAVE KNOWLEDGEABLE VOLUNTEERS, A STATE OF THE ART THEATER WITH GREAT ENTERTAINMENT, A LIBRARY, A EQUESTRIAN CENTER WHERE YOU CAN BOARD YOUR HORSE OR JUST ENJOY A TRAIL RIDE AND WALKING TRAILS. FREE BUS SERVICE THAT GOES TO LOCAL SHOPPING CENTERS, MEDICAL BUILDINGS AND SADDLEBACK HOSPITAL AS WELL AS DIFFERENT CLUB HOUSES THROUGHOUT THE VILLAGE. ALL THIS AND ONLY 5 MILES TO LAGUNA BEACH.
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MARKET HIGHLIGHTS
- 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.
- 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]
PRICE & RENT TRENDS
Neighborhood: Laguna Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Laguna Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,850 |
| EXPENSES | Loan Payment | -$1,761 |
| Property Tax | -$437 | |
| Property Insurance | -$69 | |
| HOA | -$680 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
-$236
|
||
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.
$507,000
PROJECTED PRICE
$2,850
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| 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
$140,105
LOAN DETAILS
$1,761
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $126,750 |
| Loan Amount | $380,250 |
2.67
YEARS SAVED
$11,223
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,850
LIST RENT -
$1.64
LIST RENT PER SQFT
-
$3,025
COMP ESTIMATED VALUE -
$1.74
COMP AVG. RENT PER SQFT
Comps Range
-
4006 Calle Sonora Oeste Laguna Woods, CA 1
- 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $2,850
- $1.64
-
50 Via Athena Aliso Viejo, CA 2
- 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 1991
LEASED 01/16/21- Rent
- Rent Per SQFT
- $3,000
- $1.75
-
197 Woodcrest Lane Aliso Viejo, CA 3
- 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1997
LEASED 05/08/20- Rent
- Rent Per SQFT
- $3,100
- $1.72
-
15 Medici Aliso Viejo, CA 4
- 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 1989
LEASED 05/13/20- Rent
- Rent Per SQFT
- $3,200
- $1.70
-
29 Goldenrain Aliso Viejo, CA 5
- 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 1995
LEASED 01/17/20- Rent
- Rent Per SQFT
- $3,700
- $1.78
PROPERTY LISTING DETAILS
Keller Williams Realty Irvine
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21151295
Last Updated: 07/12/2021
