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10870 La Fonda Circle Fountain Valley, CA 92708

4 Beds 2 Baths 1,776 sqft Built 1968

$899,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $506.19
  • 6 Days on Market
  • MLS # : OC20225786
  • Updated Date : 11/28/2020 at 17:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,776 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Rare Find! Lovely Green Valley Home with 4 Bedrooms, PLUS Loft/Bonus Rm (Can be 5th Bedroom - has Closet), 2 Bathrooms, Downstairs Master with Walk-In Closet, 1776 Square Feet, 3 CAR GARAGE, on EXTRA LARGE Interior 7,440 Square Foot Lot (Very Rare for Green Valley!). It Features an Open Light & Bright Floorplan with Soaring Ceilings, Transom (Roof-Line) Windows for Lots of Natural Light, New Interior and Exterior Paint, Brand New Wood Laminate Flooring in Entry, Kitchen, Family Room and Bathrooms, Scraped Ceilings, Resurfaced Countertops, and New Garage Doors. It Boasts a Formal Foyer, Step-Down Large Formal Living Room / Dining Room with Crackling Fireplace and Sliders Overlooking Huge Backyard, Sunlit Kitchen with White Cabinetry, Gas Cooktop, Breakfast Bar, and Reach-Through Tiled Buffet Counter to Backyard. The Kitchen is Open to a Cozy Family Room with Wall-to-Wall Glass Sliders Opening to the Oversized Tranquil Backyard with Fruit Trees, Covered Patio, Block Wall Fencing, and Wrap-Around Side Yard Patio - Great Backyard for Large Family Gatherings! Spacious Upstairs Guest Bath has Tub/Shower Combination. Extra Long Driveway. Located in the Sought-After Family Neighborhood of Green Valley with 21 Acres of Private Park Land, 3 Pools, Spas, 2 Clubhouses, Children's Playgrounds, and 2 In-Tract Award-Winning Schools. Close to the Beach, Mile Square Park with Lake, Golf, Sports Complex, & Rec Center. Close to Shopping, Dining, & Easy Freeway Access.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
James H. Cox Elementary School Primary Regular 744 26 9
Kazuo Masuda Middle School Middle Regular 778 31 9
Fountain Valley High School High Regular 3,704 127 9

James H. Cox Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 26
9
GreatSchools Rating

Kazuo Masuda Middle School

  • Education Level: Middle
  • # of students: 778
  • # of teachers: 31
9
GreatSchools Rating

Fountain Valley High School

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

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

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$3,317
Property Tax -$878
Property Insurance -$70
HOA -$70
Property Management Fees -$163
CASH FLOW
-$1,168

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.

$899,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.37%

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-$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

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 65% 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

0.42

YEARS SAVED

$1,165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $3,317

    COMP ESTIMATED VALUE
  • $1.87

    COMP AVG. RENT PER SQFT
Comps Range
$3,299
1$3,2992$3,3303$3,4004$3,6005$3,700
$3,700
RENT COMPS ANALYSIS
  • 10870 La Fonda Circle Fountain Valley, CA 2
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $1.88
    •  
  • 10425 Calle Madero Fountain Valley, CA 1
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1955
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,299
    • $1.77
    •  
  • 10869 La Terraza Avenue Fountain Valley, CA 3
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1967
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.91
    •  
  • 10198 El Monterey Avenue Fountain Valley, CA 4
    • 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1968
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.88
    •  
  • 10756 La Batista Avenue Fountain Valley, CA 5
    • 5 beds 3 baths ∙ 1,936 Sqft ∙ Built 1967 5 beds 3 baths ∙ 1,936 Sqft ∙ Built 1967
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.91
    •  
PROPERTY LISTING DETAILS
Lily Campbell
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20225786
Last Updated: 11/28/2020
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