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92 Via Candelaria Coto De Caza, CA 92679

4 Beds 2 Baths 2,398 sqft Built 1988

INVESTimate

$949,000

List Price

$3,800

$3,550 - $4,050

Rent Est.

$985,157  ( +3.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $395.75
  • 6 Days on Market
  • MLS # : 820003345
  • Updated Date : 08/25/2020 at 09:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,398 sqft
  • Baths : 2 full
Listing Agent

Flintridge Realty

Listing Agent's Description

GATED COMMUNITY Premium view lot location . Interior home away from Coto de Caza dr. Kitchen and Bathrooms updated with Maple cabinets, Quartz counter tops and new appliances. New HVAC and recessed led lights. 220 and built ins in oversized garage. Re configured large rear yard to take advantage of patio and sit down view of Golf Course, Saddleback and lake. This is a very Special private property in the Terraces walled on both sides and includes side yard with many fruit trees and side garage door access. Turn key condition. No Mello Roos, low 1% tax rate assoc maintains front yard.

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: Terraces

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900k950kPrice in $272k952k

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

Neighborhood: Terraces

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19604166

* 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
Tijeras Creek Elementary School Primary Regular 410 13 8
Las Flores Middle School Middle Regular 1,053 40 9
Tesoro High School High Regular 2,355 89 9

Tijeras Creek Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 13
8
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
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,420$4,180$3,800

RENT

DOWN PAYMENT
FINANCING

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-$20k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$3,501
Property Tax -$803
Property Insurance -$85
HOA -$195
Property Management Fees -$186
CASH FLOW
-$970

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.

$949,000

PROJECTED PRICE

$3,800

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 3.81%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,800

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $3,777

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$3,675
1$3,6752$3,7003$3,7954$3,8005$4,250
$4,250
RENT COMPS ANALYSIS
  • 92 Via Candelaria Coto De Caza, 4
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.58
    •  
  • 31631 Via Coyote Coto De Caza, 1
    • 4 beds 2 baths ∙ 2,480 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,480 Sqft ∙ Built 1977
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,675
    • $1.48
    •  
  • 51 Cambridge Court Coto De Caza, 2
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 1990
    property image
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.53
    •  
  • 5 Avenida Daroca Coto De Caza, 3
    • 3 beds 1 baths ∙ 2,452 Sqft ∙ Built 1989 3 beds 1 baths ∙ 2,452 Sqft ∙ Built 1989
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.55
    •  
  • 24232 Fairway Lane Coto De Caza, 5
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 1988
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.74
    •  
PROPERTY LISTING DETAILS
Joseph Tenerelli
Flintridge Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 820003345
Last Updated: 08/25/2020
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