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80 Via Barcaza Coto De Caza, CA 92679

3 Beds 2 Baths 1,856 sqft Built 1989

$669,900

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $360.94
  • 2 Days on Market
  • MLS # : OC20244669
  • Updated Date : 11/21/2020 at 20:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,856 sqft
  • Baths : 2 full
Listing Agent

Maxximum Realty Inc

Listing Agent's Description

Great Investment opportunity, price to sell quickly. Los Verdes Townhome located in prestigious, gate guarded Coto de Caza Community, featuring a Mediterranean architectural style on the north golf course. This rare single-story home located on the golf course by the ninth hole. 1856 square foot home, 2 Bed, 2 Bath (plus Den), Formal Living Room with High Callings and a Fireplace, Dining Room, full Wet Bar, Library/Den sitting area with attached 2 Car Garage located on the south end of the community. The large wrap around patio with 4 sets of doors and windows open to the Golf course view where the design of this home won architectural awards in 1989 at the time the community was built.

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: Terraces

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $272k1369k

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

Neighborhood: Terraces

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002500300035004000450050005500Rent in $19605510

* 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
Tijeras Creek Elementary School Primary Regular 410 13 8
Las Flores Middle School Middle Regular 1,053 40 9
Tesoro High School High Regular 2,355 89 9

Tijeras Creek Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 13
8
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
 

$602,910$736,890$669,900

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,472
Property Tax -$567
Property Insurance -$72
HOA -$235
Property Management Fees -$157
CASH FLOW
-$302

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.

$669,900

PROJECTED PRICE

$3,200

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 3.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,274

INVESTMENT

$183,274

Down Payment
$167,475
Rehab Estimate
$5,750
Closing Costs
$10,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,475
Loan Amount $502,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$24,090

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $3,318

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4003$3,4004$3,6505$3,700
$3,700
RENT COMPS ANALYSIS
  • 80 Via Barcaza Coto De Caza, CA 1
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.72
    •  
  • 26 Twilight Lane Rancho Santa Margarita, CA 2
    • 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1999
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.83
    •  
  • 18 Cambridge Court Coto De Caza, CA 3
    • 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 1991
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.67
    •  
  • 31271 Summerhill Court Coto De Caza, CA 4
    • 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 1986
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.88
    •  
  • 42 Via Candelaria Coto De Caza, CA 5
    • 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 1987
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.77
    •  
PROPERTY LISTING DETAILS
Keren Zuniga
Maxximum Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20244669
Last Updated: 11/21/2020
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