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10551 Crawford Canyon Road Santa Ana, CA 92705

5 Beds 2 Baths 1,911 sqft Built 1954

$995,000

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $520.67
  • 4 Days on Market
  • MLS # : OC20233729
  • Updated Date : 11/06/2020 at 09:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,911 sqft
  • Baths : 2 full
Listing Agent

Stacey Tran, Broker

Listing Agent's Description

This is 5bedrooms, 2baths, family room & living room, sunroom around 1,250 sqft .There is a big lot size 19,600Sqft

SEE MORE

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

Neighborhood: Panorama Heights

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $205k1044k

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

Neighborhood: Panorama Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2180020002200240026002800300032003400360038004000Rent in $16014166

* 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
Arroyo Elementary School Primary Regular 622 20 9
Hewes Middle School Middle Regular 958 32 8
Foothill High School High Regular 2,526 94 9

Arroyo Elementary School

  • Education Level: Primary
  • # of students: 622
  • # of teachers: 20
9
GreatSchools Rating

Hewes Middle School

  • Education Level: Middle
  • # of students: 958
  • # of teachers: 32
8
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 94
9
GreatSchools Rating
 

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$3,671
Property Tax -$927
Property Insurance -$73
Property Management Fees -$180
CASH FLOW
-$1,181

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.

$995,000

PROJECTED PRICE

$3,670

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 7.5%
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$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$2,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,670

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $3,406

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6503$3,6704$3,9905$4,000
$4,000
RENT COMPS ANALYSIS
  • 10551 Crawford Canyon Road Santa Ana, CA 3
    • 5 beds 2 baths ∙ 1,911 Sqft ∙ Built 1954 5 beds 2 baths ∙ 1,911 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $1.92
    •  
  • 13807 Hewes Avenue North Tustin, CA 1
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1961
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.68
    •  
  • 13031 Painted Pony Lane North Tustin, CA 2
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1973
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.80
    •  
  • 1131 Glenaire Drive North Tustin, CA 4
    • 4 beds 1 baths ∙ 2,240 Sqft ∙ Built 1968 4 beds 1 baths ∙ 2,240 Sqft ∙ Built 1968
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.78
    •  
  • 12681 Swidler Place Santa Ana, CA 5
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1961
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.87
    •  
PROPERTY LISTING DETAILS
Ailien Nguyen
Stacey Tran, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20233729
Last Updated: 11/06/2020
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