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1251 Hampton Court Fullerton, CA 92831

4 Beds 3 Baths 2,199 sqft Built 1999

$998,000

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $453.84
  • 7 Days on Market
  • MLS # : PW21026724
  • Updated Date : 02/13/2021 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,199 sqft
  • Baths : 2 full , 1 half
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

*Welcome to your new home, perfectly situated in the highly desirable "Threewoods" gated community in the heart of north Fullerton. This 4 bedroom, 2.5 bathroom home is move in ready, Just finished our front and back yard landscape, well designed with perfect updates. Upon entering the home, you will be immediately drawn to the 2-story, 19 ft high ceiling that is shared by the living and formal dining rooms. The modern kitchen boasts beautiful Calacatta quartz countertops, new tile backsplash, a large task island, walk-in pantry, and stainless steel appliances including a D/W and double oven. The kitchen opens to a nicely sized breakfast area and family room. The family room features a custom built entertainment center and fireplace. Remodeled powder room, laundry room and hardwood flooring throughout. The spacious master suite features a double door walk-in closet, double vanity with quartz countertops, glass enclosed shower and large soaking tub. Nicely sized secondary bedrooms make up the remaining 3 upstairs. Additional features include fresh interior paint, custom plantation shutters, dual-pane windows, newer water heater, new garage door with smart opener, and central heating and A/C with Nest thermostat. Threewoods has no Mello-Roos, low HOA, and is conveniently located near Downtown Fullerton, Brea Mall, Coyote Hills Golf Course, CSUF, transportation, and Fullerton's finest schools including award winning Beechwood K-8 school. A rare listing in this fine community.

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

Zip Code: 92831

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92831

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $16253345

* 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
Fullerton Union High School High Regular 2,155 74 7

Fullerton Union High School

  • Education Level: High
  • # of students: 2,155
  • # of teachers: 74
7
GreatSchools Rating
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$3,466
Property Tax -$965
Property Insurance -$80
HOA -$120
Property Management Fees -$178
CASH FLOW
-$1,179

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.

$998,000

PROJECTED PRICE

$3,630

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.0%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,346

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,630

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $3,590

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,6003$3,6304$3,6505$3,700
$3,700
RENT COMPS ANALYSIS
  • 1251 Hampton Court Fullerton, CA 3
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $3,630
    • $1.65
    •  
  • 1918 Annandale Way Fullerton, CA 1
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 1996
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.52
    •  
  • 2545 Sunflower Street Fullerton, CA 2
    • 3 beds 3 baths ∙ 2,154 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,154 Sqft ∙ Built 2002
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.67
    •  
  • 2431 Threewoods Lane Fullerton, CA 4
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2000
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.63
    •  
  • 1363 Canterbury Lane Fullerton, CA 5
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 1996
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.71
    •  
PROPERTY LISTING DETAILS
Julie Shim
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21026724
Last Updated: 02/13/2021
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