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9 Via Huesca San Clemente, CA 92673

4 Beds 3 Baths 2,369 sqft Built 2004

$910,000

List Price

$4,400

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $384.13
  • 7 Days on Market
  • MLS # : OC20214992
  • Updated Date : 10/31/2020 at 21:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,369 sqft
  • Baths : 2 full , 1 half
Listing Agent

Luxre Realty, Inc.

Listing Agent's Description

This 4 bedroom 2 1\2 bath Talega home is welcoming upon entry! The updated finishing touches are classic and fresh. Newer light wood laminate flooring downstairs and newer carpet upstairs are only one aspect of this up to date gem. The bright and airy kitchen looks new with the stainless steel appliances, black granite countertops, and white subway tile backsplash, custom under counter lighting, and built-in wine cooler to name a few. Bathrooms have all been updated! The entire home is wired for smart technology, including 10 outdoor speakers, solar panels, a reverse osmosis water filtration system, and more. The backyard is well suited for everyone! The cozy, built-in couch surrounding the fire pit and bbq make for great gatherings. The artificial grass accented with stone is the perfect combination for a friendly backyard that is easy to care for year-round! Power washed and freshly painted inside and out. Did I mention a newer tankless water heater, epoxy floor covering with added storage, and workspace in the attached garage? Truly a must-see!

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: San Clemente

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1085k

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

Neighborhood: San Clemente

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
Concordia Elementary School Primary Regular 663 21 7
Shorecliffs Middle School Middle Regular 1,021 39 7
San Clemente High School High Regular 3,036 107 9

Concordia Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 21
7
GreatSchools Rating

Shorecliffs Middle School

  • Education Level: Middle
  • # of students: 1,021
  • # of teachers: 39
7
GreatSchools Rating

San Clemente High School

  • Education Level: High
  • # of students: 3,036
  • # of teachers: 107
9
GreatSchools Rating
 

$819,000$1,001,000$910,000

PURCHASE PRICE

$3,960$4,840$4,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,400
EXPENSES Loan Payment -$3,357
Property Tax -$1,288
Property Insurance -$84
HOA -$215
Property Management Fees -$216
CASH FLOW
-$760

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.

$910,000

PROJECTED PRICE

$4,400

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$246,900

INVESTMENT

$246,900

Down Payment
$227,500
Rehab Estimate
$5,750
Closing Costs
$13,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,357

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $227,500
Loan Amount $682,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$9,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,400

    LIST RENT
  • $1.86

    LIST RENT PER SQFT
  • $4,406

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$4,400
1$4,4002$4,5003$4,5954$4,700
$4,700
RENT COMPS ANALYSIS
  • 9 Via Huesca San Clemente, CA 1
    • 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.86
    •  
  • 12 Via Ceramica San Clemente, CA 2
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2004
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.82
    •  
  • 104 Avenida Dominguez San Clemente, CA 3
    • 4 beds 4 baths ∙ 2,341 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,341 Sqft ∙ Built 2020
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,595
    • $1.96
    •  
  • 10 Via Abajar San Clemente, CA 4
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2003
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.80
    •  
PROPERTY LISTING DETAILS
Laurie Wickham
Luxre Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20214992
Last Updated: 10/31/2020
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