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9 Rue De Nicole Lake Forest, CA 92610

3 Beds 3 Baths 1,232 sqft Built 1996

INVESTimate

$625,000

List Price

$2,490

$2,241 - $2,739

Rent Est.

$687,375  ( +9.98%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $507.31
  • 9 Days on Market
  • MLS # : OC20168417
  • Updated Date : 08/24/2020 at 12:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,232 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pacific Home Brokers

Listing Agent's Description

Nestled in the desirable Brittany community of Foothill Ranch! Look no further, this move in ready home has Only been occupied by one owner whose cared for the home with great detail. This detached home with over 1,200+ Sq. Ft. living space, situated in a cul-de-sac, Bright and Light home has been freshly painted inside/out. First floor features custom stone floors with custom stone baseboard, living room with a fireplace opens into dining area, kitchen with a breakfast nook overlooking living area with white tile countertops, white appliances, walk-in pantry and extra storage. Second floor features Master bedroom, Master Bath with dual sink and vanity mirror with lights, Master walk-in closet with plenty of storage space. All windows with dual pane vinyl, A/C unit is in superb condition and 1yr old water heater in garage. Unique for its 4 car parking space; 2-car attached garage with direct access and additional 2-car parking in driveway. Washer and Dryer included and Heavy Duty storage racks in garage. Low maintenance patio ideally for relaxing or entertaining. Walking distance to Foothill Ranch Town Center, home of Wal-Mart, In-n-Out, Target, award winning Foothill Ranch Elementary School and Saddleback Valley School District. Enjoy hiking and biking in nearby Whiting Ranch Wilderness Park or hop on the Toll Road 241 for quick drive to the beach. The Brittany community has the lowest HOA and NO Mello Roos, includes pool/spa. Priced to sell Hurry! and make it yours!

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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Brittany

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $240k922k

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

Neighborhood: Brittany

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21400160018002000220024002600280030003200340036003800Rent in $12283818

* 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
Foothill Ranch Elementary School Primary Regular 1,100 38 8
Foothill Ranch Elementary School Middle Regular 1,100 38 8
Trabuco Hills High School High Regular 2,960 112 9

Foothill Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,100
  • # of teachers: 38
8
GreatSchools Rating

Foothill Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,100
  • # of teachers: 38
8
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,306
Property Tax -$546
Property Insurance -$57
HOA -$115
Property Management Fees -$122
CASH FLOW
-$656

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.

$625,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 9.98%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $2.02

    LIST RENT PER SQFT
  • $2,492

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,490
1$2,4902$2,7003$2,7404$3,0505$3,200
$3,200
RENT COMPS ANALYSIS
  • 9 Rue De Nicole Lake Forest, 1
    • 3 beds 3 baths ∙ 1,232 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,232 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $2.02
    •  
  • 1 Rue De Nicole Lake Forest, 2
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1997
    property image
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.93
    •  
  • 66 Santa Barbara Court Lake Forest, 3
    • 3 beds 3 baths ∙ 1,345 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,345 Sqft ∙ Built 1998
    property image
    LEASED 04/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $2.04
    •  
  • 11 Enfilade Avenue Lake Forest, 4
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1991
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $2.01
    •  
  • 15 Massier Lane Lake Forest, 5
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1990
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.11
    •  
PROPERTY LISTING DETAILS
Jamie Valencia
Pacific Home Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20168417
Last Updated: 08/24/2020
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