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9 Prospector Court Trabuco Canyon, CA 92679

4 Beds 2 Baths 2,600 sqft Built 1997

$1,288,000

List Price

$4,330

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
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.

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1130k

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

Neighborhood: Coto de Caza

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19014166

* 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
 

$1,159,200$1,416,800$1,288,000

PURCHASE PRICE

$3,897$4,763$4,330

RENT

DOWN PAYMENT
FINANCING

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

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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$347,070

INVESTMENT

$347,070

Down Payment
$322,000
Rehab Estimate
$5,750
Closing Costs
$19,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,474

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $322,000
Loan Amount $966,000
See What Happens When You Reinvest Cash Flow

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
$4,050
1$4,0502$4,2003$4,3304$4,8005$4,900
$4,900
RENT COMPS ANALYSIS
  • 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
Sandra Birtwell
Saddleback Homes & Invsts Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21146495
Last Updated: 07/12/2021
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