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7 Camino Silla San Clemente, CA 92673

5 Beds 3 Baths 2,294 sqft Built 2000

$979,000

List Price

$3,860

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $426.77
  • 4 Days on Market
  • MLS # : OC20250797
  • Updated Date : 12/03/2020 at 15:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,294 sqft
  • Baths : 3 full
Listing Agent

Homesmart, Evergreen Realty

Listing Agent's Description

Completely remodeled 5 bedroom corner lot home w/open floorplan & large private backyard! Spacious w/ 2,300SF, featuring formal entry, adjoining living & dining rooms, courtyard, kitchen great room concept open to family room & main floor bedroom w/ full bath. Money saving 3.4kw solar power system! Abundant windows! Light & bright! Gourmet kitchen: Samsung® stainless steel appliances: refrigerator, gas range, hood, & dishwasher. New kitchen cabinets, under cabinet lighting, farmhouse sink, pantry, pendant lighting w/ extended custom marble island w/ seating for 6! Family room w/ built-in, behind wall AV wiring, marble fireplace hearth w/ custom mantel. Upstairs master suite w/dual sinks, travertine tile counters, relaxing soaking tub, separate shower enclosure, & large walk-in closet. 3 more secondary upstairs bedrooms, walkout balcony, desk homework area & hall bathroom w/dual sinks, shower over tub, framed mirrors. Enjoy new laminate wood flooring, new carpet, Norman® wood shutters, new LED can lighting, all new light fixtures, Nest® system, upgraded baseboards, & ceiling fans throughout! Step out into the entertainer’s backyard w/built in BBQ island, slate stone patio areas, mature landscape, raised planter seat walls, auto sprinkler & lighting systems, & newly painted fencing. One of the largest lots in Solana! Dedicated laundry room w/ storage cabinets. 2 car direct access garage. Walk to Talega Park.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$881,100$1,076,900$979,000

PURCHASE PRICE

$3,474$4,246$3,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,860
EXPENSES Loan Payment -$3,612
Property Tax -$1,042
Property Insurance -$82
HOA -$215
Property Management Fees -$189
CASH FLOW
-$1,281

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.

$979,000

PROJECTED PRICE

$3,860

PROJECTED RENT

0.39%

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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$265,185

INVESTMENT

$265,185

Down Payment
$244,750
Rehab Estimate
$5,750
Closing Costs
$14,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $244,750
Loan Amount $734,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,860

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $3,797

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8603$3,9004$4,3505$4,500
$4,500
RENT COMPS ANALYSIS
  • 7 Camino Silla San Clemente, CA 2
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,860
    • $1.68
    •  
  • 300 Zorro Vista San Clemente, CA 1
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1994
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.68
    •  
  • 21 Calle Cangrejo San Clemente, CA 3
    • 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2000
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.56
    •  
  • 13 Via Agradar San Clemente, CA 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
David Redderson
Homesmart, Evergreen Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20250797
Last Updated: 12/03/2020
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