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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $230.49
- 3 Days on Market
- MLS # : OC21004844
- Updated Date : 01/09/2021 at 13:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,627 sqft
- Baths : 2 full
Listing Agent
Laguna Woods Village Realty
Listing Agent's Description
Villa Capri - 3 Bedroom/2 Bath - 1627 Sq.Ft. - Rare Unit on market - Beautiful Kitchen & Breakfast Nook - Enclosed Balcony - No steps to unit (Elevator) - Great Location - End unit - View of trees and Historical Library - Close to Club House 1. *****The Community of Laguna Woods Village features: 27 holes of golf + a walking 9 hole course, tennis, pickle ball, pools, 2 fitness centers, bridge card room, 7 club houses, community service building, City Hall, computer rooms, over 200 clubs & much, much more. Free bus transportation. Laguna Woods Village is close to Laguna Beach, shopping, restaurants, freeways, toll-roads, and medical facilities. The Unit includes: water, trash, basic cable, landscaping, and exterior building maintenance plus access to all Laguna Woods Village Facilities. Laguna Woods Village is known as 'The Gold Standard for Senior Communities' in the United States.****
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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: Laguna Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Laguna Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$323 | |
| Property Insurance | -$66 | |
| HOA | -$694 | |
| Property Management Fees | -$125 | |
|
CASH FLOW
$40
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$375,000
PROJECTED PRICE
$2,550
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
5.5
YEARS SAVED
$22,956
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$1.57
LIST RENT PER SQFT
-
$2,546
COMP ESTIMATED VALUE -
$1.57
COMP AVG. RENT PER SQFT
Comps Range
-
969 Calle Aragon Laguna Woods, CA 3
- 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $2,550
- $1.57
-
2398 Via Mariposa Laguna Woods, CA 1
- 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1970
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,300
- $1.38
-
2299 Via Puerta Laguna Woods, CA 2
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1970
LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,450
- $1.60
-
24011 Alderglen Drive Lake Forest, CA 4
- 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1963
LEASED 01/08/20- Rent
- Rent Per SQFT
- $2,800
- $1.47
-
4 Dry Creek Lane Laguna Hills, CA 5
- 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 1986
LEASED 10/16/20- Rent
- Rent Per SQFT
- $3,200
- $1.81
PROPERTY LISTING DETAILS
Laguna Woods Village Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21004844
Last Updated: 01/09/2021
