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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $495.38
- 5 Days on Market
- MLS # : OC21146495
- Updated Date : 07/12/2021 at 17:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,600 sqft
- Baths : 2 full
Listing Agent
Saddleback Homes & Invsts Inc
Listing Agent's Description
From the moment you enter this beautiful home you become aware that the owners have taken special care of their home. The Double Door entry with deco glass leads into the 2 story vaulted ceiling living room and dining room. The windows in this room make this a bright enjoyable room. The family room has granite mantle and hearth, a fan and a built-in custom cabinet. The kitchen has stainless steel appliances. Viking 4 burner Stove, LG 3 door Refrigerator with ice and water in the door, and Thermador Micro, Oven and Warming Drawer. Whirlpool Dishwasher. Rounded Granite Counters and Full Backsplash. Under counter lighting. Wine Rack. Pantry has 8 pull-out drawers. 4th Bedroom downstairs has double entry doors and place where closet was. Currently showing as an Office. See Remarks. Upstairs we have 3 more bedrooms and a loft. Fans in bedrooms and loft. The Master has a view of the hills and trees and a built-in cabinet. Master Bath has tub and separate shower, 2 sinks and large closet. This home has a whole house fan. Extra cabinets in upstairs hall included. 6 inch baseboards and dual pane windows are encased. The great surprise is when you go into the back yard and see the beautiful pool with waterfall and spa. DCS BBQ, dining deck and a covered patio make this a place you will enjoy having your friends and family. Pool area feels very private. Wrought iron fencing with gate in back yard so the pool area is secure. Suggest enclosing side and front yard on the left side of the lot for a beautiful lawn area. This home is on a cul-de-sac, the home are all on one side of the street and just 5 homes on this street. Across the street backs up to Panorama Street in Coto de Caza. Low HOA and taxes. Area has playground, covered picnic area and sports court. Hiking and bicycle trails in the area. Home is about one mile from O'Neil Park Entrance and about 20 minutes to Dana Point Doheny Beach Park.
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MARKET HIGHLIGHTS
- 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)
- 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]
PRICE & RENT TRENDS
Neighborhood: Coto de Caza
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coto de Caza
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,330 |
| EXPENSES | Loan Payment | -$4,474 |
| Property Tax | -$1,087 | |
| Property Insurance | -$90 | |
| HOA | -$70 | |
| Property Management Fees | -$212 | |
|
CASH FLOW
-$1,603
|
||
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.
$1,288,000
PROJECTED PRICE
$4,330
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$347,070
LOAN DETAILS
$4,474
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $322,000 |
| Loan Amount | $966,000 |
0.33
YEARS SAVED
$885
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,330
LIST RENT -
$1.67
LIST RENT PER SQFT
-
$4,622
COMP ESTIMATED VALUE -
$1.78
COMP AVG. RENT PER SQFT
Comps Range
-
9 Prospector Court Trabuco Canyon, CA 3
- 4 beds 2 baths ∙ 2,600 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,600 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $4,330
- $1.67
-
34 Apache Drive Trabuco Canyon, CA 1
- 5 beds 3 baths ∙ 2,367 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,367 Sqft ∙ Built 1996
LEASED 02/14/21- Rent
- Rent Per SQFT
- $4,050
- $1.71
-
25 Princeton Trail Coto De Caza, CA 2
- 3 beds 4 baths ∙ 2,403 Sqft ∙ Built 1996 3 beds 4 baths ∙ 2,403 Sqft ∙ Built 1996
LEASED 07/10/20- Rent
- Rent Per SQFT
- $4,200
- $1.75
-
32 Whippoorwill Road Trabuco Canyon, CA 4
- 4 beds 2 baths ∙ 2,646 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,646 Sqft ∙ Built 1998
LEASED 04/10/20- Rent
- Rent Per SQFT
- $4,800
- $1.81
-
7 Whippoorwill Road Trabuco Canyon, CA 5
- 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1998
LEASED 08/08/20- Rent
- Rent Per SQFT
- $4,900
- $1.84
PROPERTY LISTING DETAILS
Saddleback Homes & Invsts Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21146495
Last Updated: 07/12/2021
