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1009 Rolling Hills Drive Fullerton, CA 92835

4 Beds 3 Baths 2,058 sqft Built 1963

$899,000

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $436.83
  • 4 Days on Market
  • MLS # : DW20233155
  • Updated Date : 11/05/2020 at 12:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,058 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty World Allensworth

Listing Agent's Description

WELCOME TO 1009 ROLLING HILLS DR IN FULLERTON!! Walking distance to award winning Beechwood School K-8, this 4 bedroom, 2.5 bath home offers RV parking, a huge backyard, and has been fully remodeled! Truly Move-In ready! This house is open concept living at its finest, with an absolutely gorgeous, remodeled kitchen. Kitchen features stainless steel appliances, custom range and hood, large island with eating area, all new cabinets, custom backsplash and new flooring. Kitchen features open living and family room access, with custom LED lighting throughout, and all-LED recessed lighting. All new flooring throughout the house, all vinyl windows and doors, and individual laundry room. Master bedroom as en suite 3/4 bath, large closet and views of backyard and backyard access. New a/c system, new solar water heater. RV Parking at front. This home is perfect for buyers who love to entertain! The backyard will be host to many gatherings and parties, with generous lawn area, huge patio area, and room for many possibilities. Show and sell!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 92835

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $249k922k

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

Zip Code: 92835

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200340036003800Rent in $16393818

* 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
Beechwood Elementary School Primary Regular 852 31 9
Beechwood Elementary School Middle Regular 852 31 9
Fullerton Union High School High Regular 2,155 74 7

Beechwood Elementary School

  • Education Level: Primary
  • # of students: 852
  • # of teachers: 31
9
GreatSchools Rating

Beechwood Elementary School

  • Education Level: Middle
  • # of students: 852
  • # of teachers: 31
9
GreatSchools Rating

Fullerton Union High School

  • Education Level: High
  • # of students: 2,155
  • # of teachers: 74
7
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$3,317
Property Tax -$900
Property Insurance -$77
Property Management Fees -$160
CASH FLOW
-$1,194

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

$3,260

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.2%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,260

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $3,241

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,2003$3,2604$3,3005$3,700
$3,700
RENT COMPS ANALYSIS
  • 1009 Rolling Hills Drive Fullerton, CA 3
    • 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,260
    • $1.58
    •  
  • 441 Pinehurst Court Fullerton, CA 1
    • 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 1978
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.50
    •  
  • 516 Westchester Place Fullerton, CA 2
    • 3 beds 3 baths ∙ 2,023 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,023 Sqft ∙ Built 1977
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
  • 2725 Firethorne Avenue Fullerton, CA 4
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1966
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.52
    •  
  • 1709 Beechwood Avenue Fullerton, CA 5
    • 5 beds 3 baths ∙ 2,176 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,176 Sqft ∙ Built 1971
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.70
    •  
PROPERTY LISTING DETAILS
Marina Allensworth
Realty World Allensworth
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20233155
Last Updated: 11/05/2020
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