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969 Calle Aragon #3D Laguna Woods, CA 92637

3 Beds 2 Baths 1,627 sqft Built 1976

$375,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
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.****

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $157k742k

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

Neighborhood: Laguna Woods

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600280030003200Rent in $11333345

* 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
Melinda Heights Elementary School Primary Regular 1,077 38 8
Melinda Heights Elementary School Middle Regular 1,077 38 8
Trabuco Hills High School High Regular 2,960 112 9

Melinda Heights Elementary School

  • Education Level: Primary
  • # of students: 1,077
  • # of teachers: 38
8
GreatSchools Rating

Melinda Heights Elementary School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 38
8
GreatSchools Rating

Trabuco Hills High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

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
$2,300
1$2,3002$2,4503$2,5504$2,8005$3,200
$3,200
RENT COMPS ANALYSIS
  • 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
Jon Wallin
Laguna Woods Village Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21004844
Last Updated: 01/09/2021
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