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12 Acorn Irvine, CA 92604

3 Beds 2 Baths 1,242 sqft Built 1978

$650,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $523.35
  • 3 Days on Market
  • MLS # : LG20235477
  • Updated Date : 11/13/2020 at 10:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,242 sqft
  • Baths : 2 full
Listing Agent

Pacific Sotheby’s International Realty

Listing Agent's Description

Rare One Story End-Unit in Highly Desirable Woodbridge Community! Great location in a cul-de-sac adjacent to a beautiful park with a playground. This home features 3 beds, 2 baths, and a 2-car garage with a roll-up door and ample storage. Newly painted, the home is light & bright. The large and bright living room/family room boasts vaulted ceilings, laminated wood flooring, and a pass-through window to the kitchen. A small atrium, just off the family room, is perfect for grilling or enjoying the summer sun. Appreciate nature while relaxing on the sizable private, enclosed patio with beautiful greenbelt views. The Award-winning Woodbridge association has resort-style amenities that include recreation activities for your enjoyment featuring 2 landmark lakes with docks, 2 beach lagoons, 22 pools, 16 spas, 13 waders, 24 tennis courts, a splash pad, parks with play equipment, volleyball courts, a big wheel park, a fitness course, horseshoe facilities, and much more. The quiet neighborhood is conveniently located close to shopping, entertainment, restaurants, UCI, John Wayne Airport, and freeways. No Mello Roos & Low Property Tax. All this plus the best school district.

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: Arbor Crest South

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $177k943k

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

Neighborhood: Arbor Crest South

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Eastshore Elementary School Primary Regular 635 21 8
Lakeside Middle School Middle Regular 650 21 10
Woodbridge High School High Regular 2,480 82 10

Eastshore Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 21
8
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 650
  • # of teachers: 21
10
GreatSchools Rating

Woodbridge High School

  • Education Level: High
  • # of students: 2,480
  • # of teachers: 82
10
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,398
Property Tax -$592
Property Insurance -$57
HOA -$305
Property Management Fees -$135
CASH FLOW
-$728

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$650,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $2.22

    LIST RENT PER SQFT
  • $2,782

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4753$2,7604$2,8505$3,050
$3,050
RENT COMPS ANALYSIS
  • 12 Acorn Irvine, CA 3
    • 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $2.22
    •  
  • 36 Fallbrook Irvine, CA 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1978
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.18
    •  
  • 28 Elderglen Irvine, CA 2
    • 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1978
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $2.24
    •  
  • 84 Briarwood Irvine, CA 4
    • 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1978
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.28
    •  
  • 15 Sanderling Irvine, CA 5
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1975
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $2.26
    •  
PROPERTY LISTING DETAILS
Irina Alexander
Pacific Sotheby’s International Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG20235477
Last Updated: 11/13/2020
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