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1137 E Sunflower Circle Orange, CA 92866

4 Beds 3 Baths 2,144 sqft Built 1997

$799,900

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $373.09
  • 3 Days on Market
  • MLS # : OC21005861
  • Updated Date : 01/16/2021 at 13:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,144 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Boutique Real Estate Group

Listing Agent's Description

A perfect combination of desirable location, elegant style and ideal floor plan in one home! This beauty is located on a corner lot in the highly sought after community of Sycamore Crossing. Enter this GORGEOUS property and be greeted with the California sunshine beaming through every window. Offering 4 bedrooms plus a loft. Open concept floor plan with a large kitchen, quartz countertops, kitchen island, open to eating area and family room. This home is the quintessential “light and bright” home every buyer is looking for. This rarely available floor plan also offers an oversized lot with built-in BBQ and firepit. This updated and loved home will not last!!

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

Zip Code: 92866

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $240k742k

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

Zip Code: 92866

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $16793345

* 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
Palmyra Elementary School Primary Regular 512 22 5
Palmyra Elementary School Middle Regular 512 22 5
Orange High School High Regular 1,927 79 4

Palmyra Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 22
5
GreatSchools Rating

Palmyra Elementary School

  • Education Level: Middle
  • # of students: 512
  • # of teachers: 22
5
GreatSchools Rating

Orange High School

  • Education Level: High
  • # of students: 1,927
  • # of teachers: 79
4
GreatSchools Rating
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,778
Property Tax -$775
Property Insurance -$78
HOA -$80
Property Management Fees -$156
CASH FLOW
-$686

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.

$799,900

PROJECTED PRICE

$3,180

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.3%
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-$15k-$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$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $3,382

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1803$3,2004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1137 E Sunflower Circle Orange, CA 2
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.48
    •  
  • 1429 E Atwood Court Orange, CA 1
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1997
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.41
    •  
  • 3537 E Barrington Drive Orange, CA 3
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1994
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.67
    •  
  • 13841 Marshall Lane Tustin, CA 4
    • 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1977
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.48
    •  
  • 557 S Evergreen Lane Orange, CA 5
    • 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1996
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.75
    •  
PROPERTY LISTING DETAILS
Mahsa Townsend
The Boutique Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21005861
Last Updated: 01/16/2021
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