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55 Via Armilla San Clemente, CA 92673

3 Beds 3 Baths 2,857 sqft Built 2005

$1,100,000

List Price

$4,680

$4.4K - $4.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $385.02
  • 2 Days on Market
  • MLS # : NP20224816
  • Updated Date : 11/02/2020 at 12:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,857 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Absolutely charming, storybook Tuscan-style home situated in the exclusive gated community of Vittoria. This warm, turnkey residence hosts three bedrooms, two and one-half bathrooms, and approximately 2,857 square feet of living space. The residence's main level office, optional fitness room upstairs, and resort-like setting make for the perfect, private at-home retreat. The stylish chef's kitchen is complete with a large center island, stainless-steel appliances, and granite countertops which opens up to the breakfast nook and adjacent family room. The primary living area offers a stacked-stone fireplace, plantation shutters, and an abundance of windows that cast natural light across gleaming hardwood floors. Glass French doors create a seamless indoor-outdoor flow revealing the large beautifully landscaped backyard with a fireplace feature overlooking hillside views. Upstairs, two secondary bedrooms and a designated laundry room accompany the spacious master suite which hosts a balcony and a flexible space that can be used as a gym or second office. Offering privacy and serenity in one of San Clemente's most coveted communities, the home is moments from hiking trails, sport fields, an outdoor cooking area, and swimming pool within the Talega Tierra Grande Park and Swim Club.

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: 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$4,212$5,148$4,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,680
EXPENSES Loan Payment -$4,059
Property Tax -$1,389
Property Insurance -$96
HOA -$215
Property Management Fees -$229
CASH FLOW
-$1,308

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.

$1,100,000

PROJECTED PRICE

$4,680

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 3.7%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,680

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $4,735

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$4,350
1$4,3502$4,5003$4,6804$4,8005$4,900
$4,900
RENT COMPS ANALYSIS
  • 55 Via Armilla San Clemente, CA 3
    • 3 beds 3 baths ∙ 2,857 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,857 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $4,680
    • $1.64
    •  
  • 13 Via Agradar San Clemente, CA 1
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 2006
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.68
    •  
  • 12 Avenida Reflexion San Clemente, CA 2
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2000
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.70
    •  
  • 33 Paseo Lerida San Clemente, CA 4
    • 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 2009
    LEASED 05/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.61
    •  
  • 37 Via Regalo San Clemente, CA 5
    • 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2006
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.64
    •  
PROPERTY LISTING DETAILS
Sawsan Saba
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: NP20224816
Last Updated: 11/02/2020
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