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10250 Falcon Avenue Fountain Valley, CA 92708

5 Beds 3 Baths 2,195 sqft Built 1965

$950,000

List Price

$3,800

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $432.80
  • 20 Days on Market
  • MLS # : OC21025999
  • Updated Date : 02/26/2021 at 20:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,195 sqft
  • Baths : 2 full , 1 half
Listing Agent

Anderson Seaside Real Estate

Listing Agent's Description

Get ready for summer fun! 5 bedroom home with a pool and spa, plus plenty of space around it to enjoy the SoCal indoor-outdoor lifestyle. Main level primary bedroom with attached bathroom, also on the main level is a second bedroom or office with half bath and garage access. Upstairs are 3 more bedrooms and a full bathroom. Dual pane windows, plantation shutters, pool was re-plastered in 2017, solar panels, air conditioning...all you have to do is redecorate it to your style. The Neptune Estates neighborhood with no HOA is a great location close to everything!

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: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k816k

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

Neighborhood: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2180020002200240026002800300032003400Rent in $17723435

* 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
Robert Gisler Elementary School Primary Regular 539 20 9
Samuel E. Talbert Middle School Middle Regular 722 29 9
Fountain Valley High School High Regular 3,704 127 9

Robert Gisler Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 20
9
GreatSchools Rating

Samuel E. Talbert Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 29
9
GreatSchools Rating

Fountain Valley High School

  • Education Level: High
  • # of students: 3,704
  • # of teachers: 127
9
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$3,300
Property Tax -$934
Property Insurance -$80
Property Management Fees -$186
CASH FLOW
-$700

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.

$950,000

PROJECTED PRICE

$3,800

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.7%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$14,563

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
  • $1.73

    LIST RENT PER SQFT
  • $3,742

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4003$3,4004$3,8005$4,000
$4,000
RENT COMPS ANALYSIS
  • 10250 Falcon Avenue Fountain Valley, CA 4
    • 5 beds 3 baths ∙ 2,195 Sqft ∙ Built 1965 5 beds 3 baths ∙ 2,195 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.73
    •  
  • 9826 Peacock Circle Fountain Valley, CA 1
    • 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1964
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.69
    •  
  • 18375 Colville Street Fountain Valley, CA 2
    • 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 1969
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.65
    •  
  • 10341 Kamuela Drive Huntington Beach, CA 3
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1965
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.63
    •  
  • 17973 Mount Coulter Street Fountain Valley, CA 5
    • 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1976
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.85
    •  
PROPERTY LISTING DETAILS
Lara Anderson
Anderson Seaside Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21025999
Last Updated: 02/26/2021
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