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PROPERTY INFO
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!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fountain Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,499 |
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
-
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
Refined Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20255979
Last Updated: 12/11/2020
