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114 Via Candelaria 
Coto De Caza, CA
92679
3 Beds 3 Baths 2,091 sqft
Built 1987
INVESTimate
$899,000
List Price
$243,985
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PROPERTY INFO
FACTS
- Built In 1987
- Price/Sqft : $429.94
- 3 Days on Market
- MLS # : OC20164569
- Updated Date : 08/24/2020 at 12:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,091 sqft
- Baths : 2 full , 1 half
Listing Agent
Bullock Russell Re Services
Listing Agent's Description
Priceless views of the Coto de Caza golf course and Saddleback Mountains provide a dramatic backdrop to this 3-bedroom home located in the prestigious gated community of Coto de Caza. The property is uniquely located on the 7th fairway of the signature Robert Trent Jones Jr. designed 36-hole course, offering vistas that are both beautiful and compelling. The home itself provides a desired floor plan that is defined by high ceilings, lots of natural sunlight, a large family room with fireplace and designer paints, flooring, and finishes. The kitchen is nicely updated with stone countertops, stainless steel appliances and a large island. The master bedroom offers great views, plenty of closet space and an updated bath. The secondary bedrooms are also well sized and functional. The backyard patio area is the perfect place to unwind, relax and enjoy all that the area has to offer. Coto de Caza is one of the premier spots to live in Orange County with many amenities and which is home to the well-known Coto de Caza Golf & Racquet Club (contact club for membership details).
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terraces
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,370 |
| EXPENSES | Loan Payment | -$3,317 |
| Property Tax | -$760 | |
| Property Insurance | -$78 | |
| HOA | -$225 | |
| Property Management Fees | -$165 | |
|
CASH FLOW
-$1,175
|
||
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.
$899,000
PROJECTED PRICE
$3,370
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$243,985
LOAN DETAILS
$3,317
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $224,750 |
| Loan Amount | $674,250 |
0.33
YEARS SAVED
$707
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,370
LIST RENT -
$1.61
LIST RENT PER SQFT
-
$3,581
COMP ESTIMATED VALUE -
$1.71
COMP AVG. RENT PER SQFT
Comps Range
-
114 Via Candelaria Coto De Caza, 1
- 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $3,370
- $1.61
-
18 Cambridge Court Coto De Caza, 2
- 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 1991
![property image]()
LEASED 01/22/20- Rent
- Rent Per SQFT
- $3,400
- $1.67
-
42 Via Candelaria Coto De Caza, 3
- 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 1987
![property image]()
LEASED 06/07/20- Rent
- Rent Per SQFT
- $3,700
- $1.77
-
53 Bogey Lane Coto De Caza, 4
- 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1995
![property image]()
LEASED 03/31/20- Rent
- Rent Per SQFT
- $3,850
- $1.67
-
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
Bullock Russell Re Services
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20164569
Last Updated: 08/24/2020
