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6 Chatri Circle Lake Forest, CA 92610

3 Beds 3 Baths 1,689 sqft Built 1998

$830,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $491.42
  • 3 Days on Market
  • MLS # : PW21000093
  • Updated Date : 01/01/2021 at 15:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,689 sqft
  • Baths : 2 full , 1 half
Listing Agent

Trans United R.e. & Loans

Listing Agent's Description

Welcome home to this South Orange County gem. This lovely and meticulous pool home is full of character(just installed brand new pool pump). Tucked away on a quiet cul-de-sac street with exceptional curb appeal featuring a charming front porch, this is your place to finally call home. Featuring 3 bedrooms, 2.5 baths plus an upstairs built-in desk, a perfect study area. Highly-upgraded model home with plantation shutters, new HVAC system, upgraded baseboards, laminate flooring, upgraded light fixtures, ceiling fans, and neutral two-tone paint in warm designer colors. Once you enter you'll be greeted with a light-infused formal living room with soaring ceilings, and a separate family room with a marble-accented fireplace. Main floor powder room with upgraded pedestal sink. Sunlit kitchen features a large eat-in breakfast nook, tile counter tops, natural wood cabinetry, pantry, gas stove, microwave and dishwasher. Master suite boasts walk-in closet, dual vanities, oval soaking tub and separate shower. Two other separate secondary bedrooms share a full bath with a tub and shower. The low maintenance backyard has a wrap-around stamped concrete patio with raised planters and tropical landscaping. The backyard is perfect for outdoor dining, entertaining by the sparkling pool & spa, and features a stone waterfall that will provide hours of fun and relaxation.

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
Foothill Ranch Elementary School Primary Regular 1,100 38 8
Foothill Ranch Elementary School Middle Regular 1,100 38 8
Trabuco Hills High School High Regular 2,960 112 9

Foothill Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,100
  • # of teachers: 38
8
GreatSchools Rating

Foothill Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,100
  • # of teachers: 38
8
GreatSchools Rating

Trabuco Hills High School

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

$747,000$913,000$830,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$3,062
Property Tax -$711
Property Insurance -$68
HOA -$84
Property Management Fees -$160
CASH FLOW
-$816

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.

$830,000

PROJECTED PRICE

$3,270

PROJECTED RENT

0.39%

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-$15k-$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$225,700

INVESTMENT

$225,700

Down Payment
$207,500
Rehab Estimate
$5,750
Closing Costs
$12,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,500
Loan Amount $622,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $3,281

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0503$3,2004$3,2705$3,500
$3,500
RENT COMPS ANALYSIS
  • 6 Chatri Circle Lake Forest, CA 4
    • 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $1.94
    •  
  • 58 Parterre Avenue Lake Forest, CA 1
    • 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1996
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
  • 52 Parterre Avenue Lake Forest, CA 2
    • 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1996
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.81
    •  
  • 31 Parterre Avenue Lake Forest, CA 3
    • 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
    •  
  • 92 Parrell Avenue Lake Forest, CA 5
    • 4 beds 3 baths ∙ 1,743 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,743 Sqft ∙ Built 1996
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.01
    •  
PROPERTY LISTING DETAILS
Robert Boula
Trans United R.e. & Loans
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21000093
Last Updated: 01/01/2021
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