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8 Longhorn Street Trabuco Canyon, CA 92679

4 Beds 3 Baths 2,256 sqft Built 1997

$925,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $410.02
  • 7 Days on Market
  • MLS # : OC21020765
  • Updated Date : 02/03/2021 at 13:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,256 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bullock Russell Re Services

Listing Agent's Description

Welcome home to this beautiful corner lot home in the lovely community of Wagon Wheel! You will love the well-manicured ivy surrounding the front porch and hydrangeas add to the curb appeal. The interior offers beautiful engineered hardwood plank flooring throughout downstairs. The spacious living room includes crown molding, recessed lighting and plenty of windows to allow for natural light. The gorgeous kitchen includes white cabinetry, quartz countertops, custom backsplash, and an island with a contrasting, appealing blue shade. The well-designed kitchen also offers cabinets with glass doors and soft close drawers. The matching stainless-steel appliances summarize the attractive features of the kitchen. The kitchen is open to the family room and a cozy fireplace serves as a focal point. The surround sound allows for the perfect media set up. Upstairs features new carpet throughout the 4 spacious bedrooms and a loft all done to perfection. The master bedroom includes a barn door for entry to the bathroom. The spacious master bathroom offers dual sinks, separate shower and bathtub. The upstairs bathroom offers dual sinks and shower. The detail on the outside is just as significant as the interior. The backyard features a full length patio cover with heat lamps and entertaining space plus another space with built in BBQ and bar. Lastly, enjoy the beautiful custom “spool” with lovely waterfall feature. This home is done to perfection from the inside out. Come tour today!

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: Coto de Caza

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $272k1369k

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

Neighborhood: Coto de Caza

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002500300035004000450050005500Rent in $19015510

* 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
Wagon Wheel Elementary School Primary Regular 554 18 10
Las Flores Middle School Middle Regular 1,053 40 9
Tesoro High School High Regular 2,355 89 9

Wagon Wheel Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 18
10
GreatSchools Rating

Las Flores Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 40
9
GreatSchools Rating

Tesoro High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 89
9
GreatSchools Rating
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$3,213
Property Tax -$781
Property Insurance -$82
HOA -$69
Property Management Fees -$180
CASH FLOW
-$645

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.

$925,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.4%
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$25k

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$14,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,680

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,999

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,6803$4,0004$4,2005$4,300
$4,300
RENT COMPS ANALYSIS
  • 8 Longhorn Street Trabuco Canyon, CA 2
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.63
    •  
  • 17 Goldmine Street Trabuco Canyon, CA 1
    • 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 1997
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.62
    •  
  • 34 Apache Drive Trabuco Canyon, CA 3
    • 5 beds 3 baths ∙ 2,367 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,367 Sqft ∙ Built 1996
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.69
    •  
  • 105 Frontier Street Trabuco Canyon, CA 4
    • 5 beds 4 baths ∙ 2,296 Sqft ∙ Built 1997 5 beds 4 baths ∙ 2,296 Sqft ∙ Built 1997
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.83
    •  
  • 18 Dornoch Way Coto De Caza, CA 5
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1996
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.95
    •  
PROPERTY LISTING DETAILS
Kirstie Nystedt
Bullock Russell Re Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21020765
Last Updated: 02/03/2021
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