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55 Avignon Avenue Lake Forest, CA 92610

4 Beds 3 Baths 1,662 sqft Built 1992

$824,900

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $496.33
  • 5 Days on Market
  • MLS # : OC21055501
  • Updated Date : 03/27/2021 at 10:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,662 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group West

Listing Agent's Description

Beautiful, updated, light & bright, 4 bdrm., 2.5 bath home on a large pool-sized lot on a prime cul de sac street in the hills of Foothill Ranch. Tile flooring in entry, family room, downstairs half bath & kitchen. The open & light kitchen is highlighted by white cabinets, updated hardware, stainless appliances, stove venting microwave, recessed can lighting & pantry. The newer Noritz tankless water heater helps save on utility bills. The living room & formal dining room have vaulted ceilings & large windows that bring in plenty of light. The entire home has newer dual pane windows with white blinds in most rooms & a newer dual pane slider. Three bedrooms have ceiling fans/lights, the office has laminate wood look flooring. All 3 bathrooms have updated cabinets, lighting & mirrors, two have dual flush eco toilets, laminate wood look flooring, the Master has dual sinks & a walk-in closet. There are sprinklers front & rear, all on timers. The kids side yard in the backyard is a perfect spot for the kids toys, a swing set or even a fort & there's a large patio deck for grilling & chillin. Views from the private rear yard are picture perfect for enjoying wonderful sunsets. Surrounded by open hill side spaces, great areas for hiking & biking in nearby Whiting Ranch Wilderness Park. All that Lake Forest has to offer is close by, Blue Ribbon elementary school, shopping, dining & theaters. Just minutes away from the 241 Toll road & freeway access. This won't last long, better hurry!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $266k922k

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

Neighborhood: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18643818

* 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
Rancho Santa Margarita Intermediate School Middle Regular 1,353 53 8
Trabuco Hills High School High Regular 2,960 112 9
Rancho Santa Margarita Intermediate School Middle Unknown NA

Rancho Santa Margarita Intermediate School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 53
8
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating

Rancho Santa Margarita Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$742,410$907,390$824,900

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$2,865
Property Tax -$707
Property Insurance -$67
HOA -$84
Property Management Fees -$162
CASH FLOW
-$585

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.

$824,900

PROJECTED PRICE

$3,300

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$224,349

INVESTMENT

$224,349

Down Payment
$206,225
Rehab Estimate
$5,750
Closing Costs
$12,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,225
Loan Amount $618,675
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $3,258

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,890
1$2,8902$3,2003$3,3004$3,3005$3,600
$3,600
RENT COMPS ANALYSIS
  • 55 Avignon Avenue Lake Forest, CA 4
    • 4 beds 3 baths ∙ 1,662 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,662 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.99
    •  
  • 15 Havre Court Lake Forest, CA 1
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1993
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.91
    •  
  • 31 Parterre Avenue Lake Forest, CA 2
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1996
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.00
    •  
  • 16 Touraine Place Lake Forest, CA 3
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1994
    property image
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.94
    •  
  • 19 Aurore Avenue Lake Forest, CA 5
    • 4 beds 3 baths ∙ 1,807 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,807 Sqft ∙ Built 1993
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.99
    •  
PROPERTY LISTING DETAILS
Bill Arseneau
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21055501
Last Updated: 03/27/2021
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