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5740 Calle Polvorosa San Clemente, CA 92673

3 Beds 3 Baths 1,708 sqft Built 2002

$915,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $535.71
  • 4 Days on Market
  • MLS # : OC21017838
  • Updated Date : 01/28/2021 at 07:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,708 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

https://www.youtube.com/watch?v=q0b1cijDFBU&feature=youtu.be Beautifully upgraded home in the highly desired community of Ashton. This 3 bed 2.5 bath home plus bonus room boasts engineered bamboo wood flooring, crown molding, custom lighting, ceiling fans and more! Enter into the great room w/ an expanded designer kitchen including crisp white cabinetry with soft close drawers, custom backsplash, leathered granite countertops, custom hardware, and matching stainless steel appliances to include a built-in microwave, self cleaning and convection oven w/ gas stove, dishwasher and wine fridge. The spacious Master bedroom is light and bright with a private deck, walk in closet, ceiling fan and en suite bathroom with double sinks and soaking tub. The lower level includes a Bonus room, 2 additional bedrooms ample in size that have neutral carpet and mirrored closet doors and a full bathroom. The home is completed w/ an electric car charger in the garage, inside laundry room, new energy efficient AC unit, newly painted exterior, and custom landscaping. Enjoy your private backyard and deck off the living room for experiencing the beautiful San Clemente weather. The home is walking distance to the Forster Highlands resort style pool, kiddy pool, 2 spas, lighted tennis courts, clubhouse, and tot lot. Close to award winning elementary and middle schools, miles of open trails to hike or bike, close to all major freeways and toll roads, parks, shopping, dining & entertainment!

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: Forster Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1192k

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

Neighborhood: Forster Highlands

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000420044004600Rent in $19814632

* 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
Truman Benedict Elementary School Primary Regular 677 22 8
Bernice Ayer Middle School Middle Regular 896 33 6
San Clemente High School High Regular 3,036 107 9

Truman Benedict Elementary School

  • Education Level: Primary
  • # of students: 677
  • # of teachers: 22
8
GreatSchools Rating

Bernice Ayer Middle School

  • Education Level: Middle
  • # of students: 896
  • # of teachers: 33
6
GreatSchools Rating

San Clemente High School

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

$823,500$1,006,500$915,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$3,178
Property Tax -$839
Property Insurance -$68
HOA -$230
Property Management Fees -$155
CASH FLOW
-$1,311

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.

$915,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.2%
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-$15k-$10k-$5.0k$0.0$5.0k

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$248,225

INVESTMENT

$248,225

Down Payment
$228,750
Rehab Estimate
$5,750
Closing Costs
$13,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,178

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $228,750
Loan Amount $686,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$87

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $3,168

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$3,160
1$3,1602$3,4003$3,5004$3,5505$3,600
$3,600
RENT COMPS ANALYSIS
  • 5740 Calle Polvorosa San Clemente, CA 1
    • 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.85
    •  
  • 1327 Pavoreal San Clemente, CA 2
    • 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1985
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.02
    •  
  • 1925 Via Pimpollo San Clemente, CA 3
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1994
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.75
    •  
  • 42 Calle Maravilla San Clemente, CA 4
    • 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1998
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.84
    •  
  • 1600 Via Calendula San Clemente, CA 5
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1993
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.81
    •  
PROPERTY LISTING DETAILS
Kate Olivas
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21017838
Last Updated: 01/28/2021
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