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6173 Camino Forestal San Clemente, CA 92673

4 Beds 3 Baths 2,104 sqft Built 2001

$975,000

List Price

$3,990

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $463.40
  • 6 Days on Market
  • MLS # : OC21049310
  • Updated Date : 03/09/2021 at 14:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,104 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Welcome to this beautiful home in the highly desired community of Ashton. This 4 bed 2.5 bath home has so much to offer, with generously sized formal living room/dining room/entry and family room. Downstairs boasts engineered hardwood flooring, custom lighting, ceiling fans and more! Enter into the living room where you will find a large open kitchen (potential for an island). This kitchen features granite counters, custom backsplash and stainless steel appliances. All four Bedrooms up with a jack-and-jill bathroom connecting two of them. Your master suite incorporates a large room with a nice sized bathroom including a dual vanity, separate water closet, separate tub and shower, porcelain tile flooring and a large walk-in closet which is sure to impress. Onto the beautiful backyard with custom stone wall and El Dorado tile which wraps around the yard up to your turfed side yard/dog run. A custom BBQ has also been made to tie in the custom stone wall. Beautifully landscaped and well maintained, this home is the one you have been waiting for. 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 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: 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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,591$4,389$3,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,990
EXPENSES Loan Payment -$3,387
Property Tax -$894
Property Insurance -$78
HOA -$230
Property Management Fees -$196
CASH FLOW
-$794

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.

$975,000

PROJECTED PRICE

$3,990

PROJECTED RENT

0.41%

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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,387

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,826

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,990

    LIST RENT
  • $1.9

    LIST RENT PER SQFT
  • $3,961

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,9903$3,9954$4,2005$4,395
$4,395
RENT COMPS ANALYSIS
  • 6173 Camino Forestal San Clemente, CA 2
    • 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.90
    •  
  • 1600 Via Calendula San Clemente, CA 1
    • 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
    •  
  • 6004 Camino Tierra San Clemente, CA 3
    • 3 beds 3 baths ∙ 2,104 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,104 Sqft ∙ Built 2001
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.90
    •  
  • 5725 Calle Polvorosa San Clemente, CA 4
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2001
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.99
    •  
  • 5416 Camino Mojado San Clemente, CA 5
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2001
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $1.83
    •  
PROPERTY LISTING DETAILS
Mitchel Bohi
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21049310
Last Updated: 03/09/2021
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