Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11666 Corinth Circle Fountain Valley, CA 92708

4 Beds 2 Baths 1,703 sqft Built 1971

$799,999

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $469.76
  • 3 Days on Market
  • MLS # : OC21040499
  • Updated Date : 02/27/2021 at 10:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

Grand Avenue Realty & Lending

Listing Agent's Description

Welcome to the neighborhood! Located on a cul-de-sac, tree-lined street in a great family neighborhood; you can plan on enjoying those summer nights for many years to come. Nearby access to freeways, world class dining and entertainment at South Coast Plaza, Little Saigon and Mile Square Park & Golf Course are around the corner. You will also appreciate being part of the award winning Fountain Valley School District. Upon entering this 4 bedroom, 2 bathroom 1700 sf house you will notice the formal living room and fireplace. The kitchen was remodeled a few years ago and boasts newer cabinets, granite countertops and a convenient breakfast nook. There are 3 bedrooms and a full bathroom before you arrive at the 4th which is the Master Bedroom with it's own en-suite private full bathroom and walk in closet. Both the Kitchen and Master Bedroom have direct access to the backyard which is perfect for your indoor-outdoor living space. You can enjoy family outings in your spacious 7,300 SF with plenty of space to stretch and gather. You can have it all! Make this your home before it's gone!

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
Fitz Intermediate School Middle Regular 675 24 5
Los Amigos High School High Regular 1,787 74 5

Fitz Intermediate School

  • Education Level: Middle
  • # of students: 675
  • # of teachers: 24
5
GreatSchools Rating

Los Amigos High School

  • Education Level: High
  • # of students: 1,787
  • # of teachers: 74
5
GreatSchools Rating
 

$719,999$879,999$799,999

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,779
Property Tax -$797
Property Insurance -$68
Property Management Fees -$154
CASH FLOW
-$658

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.

$799,999

PROJECTED PRICE

$3,140

PROJECTED RENT

0.39%

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

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$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $599,999
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,078

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $3,231

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9503$3,1404$3,5005$3,595
$3,595
RENT COMPS ANALYSIS
  • 11666 Corinth Circle Fountain Valley, CA 3
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.84
    •  
  • 11671 Rosemary Avenue Fountain Valley, CA 1
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1964
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.96
    •  
  • 11300 Ivory Fountain Valley, CA 2
    • 4 beds 1 baths ∙ 1,570 Sqft ∙ Built 1970 4 beds 1 baths ∙ 1,570 Sqft ∙ Built 1970
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.88
    •  
  • 16562 Mount Neota Street Fountain Valley, CA 4
    • 5 beds 3 baths ∙ 1,844 Sqft ∙ Built 1972 5 beds 3 baths ∙ 1,844 Sqft ∙ Built 1972
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.90
    •  
  • 16179 Livingstone Street Fountain Valley, CA 5
    • 4 beds 4 baths ∙ 1,946 Sqft ∙ Built 1972 4 beds 4 baths ∙ 1,946 Sqft ∙ Built 1972
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $1.85
    •  
PROPERTY LISTING DETAILS
Isaac Melgoza
Grand Avenue Realty & Lending
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21040499
Last Updated: 02/27/2021
BESbswy