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11774 Tulip Court Fountain Valley, CA 92708

4 Beds 3 Baths 1,461 sqft Built 1964

$549,999

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $376.45
  • 3 Days on Market
  • MLS # : PW20255979
  • Updated Date : 12/11/2020 at 18:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,461 sqft
  • Baths : 2 full , 1 half
Listing Agent

Refined Realty

Listing Agent's Description

Welcome Home to 11774 Tulip Ct in the Prestigious City of Fountain Valley! This lovely turn key home in the Harbor Valley community has so much to offer! Recently upgraded, featuring a spacious open floor plan with Brand New dual pane windows throughout & neutral laminate flooring. Large living room w/cozy fireplace flows to a separate family/dining space w/sliding glass doors that open up to a nicely sized private yard. Remodeled Kitchen w/breakfast counter, granite countertop, tray ceiling w/recessed lighting & tons of cabinet space! Plus, half bath for guests & convenient indoor laundry room! Second level offers huge Master Suite w/large mirrored closet space & ensuite bath w/dual sinks & walk-in shower. Remaining Three Bedrooms are abundant in size & share a hallway bath w/shower in tub. Bonus Features Inc; New dual pane windows, laminate flooring, ceilings scraped & recessed lighting installed & more! On top of it all Low HOA dues include pool, spa, playground, sport court & clubhouse! Centrally located near Mile Square Park, schools, parks, shopping, dining, entertainment & easy fwy commute! Don't miss this once in a lifetime opportunity!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
Newhope Elementary School Primary Regular 469 18 5
Fitz Intermediate School Middle Regular 675 24 5
Los Amigos High School High Regular 1,787 74 5

Newhope Elementary School

  • Education Level: Primary
  • # of students: 469
  • # of teachers: 18
5
GreatSchools Rating

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
 

$494,999$604,999$549,999

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,029
Property Tax -$562
Property Insurance -$62
HOA -$185
Property Management Fees -$142
CASH FLOW
-$81

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.

$549,999

PROJECTED PRICE

$2,900

PROJECTED RENT

0.53%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,499
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$36,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $2,623

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,9004$2,9505$3,200
$3,200
RENT COMPS ANALYSIS
  • 11774 Tulip Court Fountain Valley, CA 3
    • 4 beds 3 baths ∙ 1,461 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,461 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.98
    •  
  • 938 S Figueroa Street Santa Ana, CA 1
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1963
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.76
    •  
  • 10562 Sennit Avenue Garden Grove, CA 2
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1963
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.76
    •  
  • 11300 Ivory Fountain Valley, CA 4
    • 4 beds 1 baths ∙ 1,570 Sqft ∙ Built 1970 4 beds 1 baths ∙ 1,570 Sqft ∙ Built 1970
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.88
    •  
  • 15977 Mount Matterhorn Street Fountain Valley, CA 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1967
    property image
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.78
    •  
PROPERTY LISTING DETAILS
Raed Shehadeh
Refined Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20255979
Last Updated: 12/11/2020
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