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1034 W Feather River Way Orange, CA 92865

4 Beds 3 Baths 1,893 sqft Built 1982

$749,900

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $396.14
  • 5 Days on Market
  • MLS # : OC21006066
  • Updated Date : 02/12/2021 at 06:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,893 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Quiet Cul-de-sac in the highly sought River Trail Community, this 4 Bed 2 ½ Bath DETACHED Home boasts a Huge MAIN FLOOR MASTER BDRM and Bath; a Light and Bright Open Floor Plan, Spacious Living Room with Vaulted Ceilings, Family Room with Cozy Fireplace, Built-in Shelves and Sliding Doors to a Covered Patio – Great for Morning Coffee. It also has a Large Kitchen with Skylight, Granite Counters, and 3 Other Bedrooms and 1 Full Bath on the 2nd Floor … and Lots of Storage. There’s also a 2 Car Attached Garage with Direct Access. Enjoy Living in this Well-Kept Community with Low HOA Fees that Offers a Community Pool, Spa, Lush Green Belt Areas and Playground, Convenient to Freeways, Shopping and Restaurants.

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

Zip Code: 92865

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92865

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17223345

* 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
Cerro Villa Middle School Middle Regular 1,028 40 6
Villa Park High School High Regular 2,475 89 8

Cerro Villa Middle School

  • Education Level: Middle
  • # of students: 1,028
  • # of teachers: 40
6
GreatSchools Rating

Villa Park High School

  • Education Level: High
  • # of students: 2,475
  • # of teachers: 89
8
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,605
Property Tax -$711
Property Insurance -$72
HOA -$135
Property Management Fees -$151
CASH FLOW
-$593

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.

$749,900

PROJECTED PRICE

$3,080

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$9,006

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,332

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0003$3,0804$3,2955$3,395
$3,395
RENT COMPS ANALYSIS
  • 1034 W Feather River Way Orange, CA 3
    • 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $1.63
    •  
  • 2708 E Lizbeth Avenue Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1962
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.84
    •  
  • 2697 N Fernside Street Orange, CA 2
    • 4 beds 2 baths ∙ 1,967 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,967 Sqft ∙ Built 1964
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.53
    •  
  • 3002 N Cottonwood Street Orange, CA 4
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.78
    •  
  • 101 S Connie Circle Anaheim, CA 5
    • 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 1972
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.89
    •  
PROPERTY LISTING DETAILS
Gantry Wilson
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21006066
Last Updated: 02/12/2021
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