Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

874 Camino De Los Mares San Clemente, CA 92673

3 Beds 2 Baths 1,409 sqft Built 1971

$824,900

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $585.45
  • 3 Days on Market
  • MLS # : OC21014884
  • Updated Date : 01/22/2021 at 18:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,409 sqft
  • Baths : 2 full
Listing Agent

Homesmart, Evergreen Realty

Listing Agent's Description

Don’t miss out on this beautiful, single level, ranch style home overlooking the Shore Cliff Golf Course! Walk into the private courtyard and relax from the hustle and bustle of daily life as you enjoy the wrap around yard with plenty of room to entertain family and friends, enjoy a glass of wine, or potter around the garden and grow your own veggies in the raised beds! Inside the home you will find a light and bright, open floor plan with a huge family room featuring a large window with comfy window seat and a cozy fireplace. The spacious kitchen features granite counters, recessed lighting and opens up into the dining area, both with fabulous views of the golf course. You can go right out into the backyard through the sliding glass doors off the dining room! The master bedroom also offers direct access to the back yard through large, sliding glass doors and more views of the golf course. It also features an en suite bathroom with a large shower. There are two other bedrooms in the home and a full bathroom. The garage is attached, with direct access into the front, enclosed courtyard. No HOA or Mello Roos and a low tax rate make this home a rare find in San Clemente, the Spanish Village by the Sea, with great, local restaurants and amenities, beach, trails, downtown San Clemente shopping and Dana Point Harbor and easy access to the 5fwy.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Forster Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1085k

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

Neighborhood: Forster Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814177

* 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
 

$742,410$907,390$824,900

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$2,865
Property Tax -$698
Property Insurance -$61
Property Management Fees -$157
CASH FLOW
-$571

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.

$824,900

PROJECTED PRICE

$3,210

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.6%
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-$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$224,349

INVESTMENT

$224,349

Down Payment
$206,225
Rehab Estimate
$5,750
Closing Costs
$12,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,225
Loan Amount $618,675
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$13,440

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $2.28

    LIST RENT PER SQFT
  • $2,888

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2103$3,4004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 874 Camino De Los Mares San Clemente, CA 2
    • 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $2.28
    •  
  • 3805 Calle La Quinta San Clemente, CA 1
    • 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 1975
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.02
    •  
  • 1327 Pavoreal San Clemente, CA 3
    • 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1985
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.02
    •  
  • 412 Paseo Ganso San Clemente, CA 4
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1977
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.10
    •  
  • 34596 Camino El Molino Dana Point, CA 5
    • 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 1973
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.06
    •  
PROPERTY LISTING DETAILS
Jacqueline Walker
Homesmart, Evergreen Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21014884
Last Updated: 01/22/2021
BESbswy