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1218 Halladay Street Santa Ana, CA 92707

4 Beds 2 Baths 1,777 sqft Built 1953

$649,900

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $365.73
  • 11 Days on Market
  • MLS # : PW21019010
  • Updated Date : 02/04/2021 at 15:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,777 sqft
  • Baths : 2 full
Listing Agent

County Realty

Listing Agent's Description

This Spacious Single Family Home resides in a Very Established and Highly Desirable Neighborhood. It features 4-Bedrooms, 2-Full Bathrooms, a Dining Room, a Huge Bonus Family Room and a 2-Car Garage. This home provides two beautiful fireplaces, the Large Family Room highlights gorgeous exposed beams with a beautiful brick fireplace which extends into the ceiling. This home offers a Stunning Curve Appeal with plenty of parking space. The exterior was just painted, it also offers recently installed Double Pane Windows, Roof and a Water Heater. It’s located in a must own friendly neighborhood of Santa Ana on a Tranquil Street! NO MELLO-ROOS AND NO HOA! IT’S A MUST SEE!

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: Madison Park

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $185k742k

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

Neighborhood: Madison Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $14373345

* 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
Julia C. Lathrop Intermediate School Middle Regular 1,018 48 1
Century High School High Regular 1,864 95 4
Julia C. Lathrop Intermediate School Middle Unknown NA

Julia C. Lathrop Intermediate School

  • Education Level: Middle
  • # of students: 1,018
  • # of teachers: 48
1
GreatSchools Rating

Century High School

  • Education Level: High
  • # of students: 1,864
  • # of teachers: 95
4
GreatSchools Rating

Julia C. Lathrop Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,257
Property Tax -$671
Property Insurance -$70
Property Management Fees -$158
CASH FLOW
$64

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$649,900

PROJECTED PRICE

$3,220

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$58,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $3,258

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,220
1$3,2202$3,2953$3,3004$3,500
$3,500
RENT COMPS ANALYSIS
  • 1218 Halladay Street Santa Ana, CA 1
    • 4 beds 2 baths ∙ 1,777 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,777 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $1.81
    •  
  • 913 Mirasol Street Santa Ana, CA 2
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1959
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.89
    •  
  • 1105 N Lyon Street Santa Ana, CA 3
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1955
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.80
    •  
  • 722 Sherry Lane Santa Ana, CA 4
    • 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 1960
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.81
    •  
PROPERTY LISTING DETAILS
Pedro Padilla
County Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21019010
Last Updated: 02/04/2021
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