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127 Sanctuary Irvine, CA 92620

3 Beds 3 Baths 1,625 sqft Built 2004

$750,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $461.54
  • 7 Days on Market
  • MLS # : OC20240225
  • Updated Date : 11/20/2020 at 14:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,625 sqft
  • Baths : 3 full
Listing Agent

Re/max Premier Realty

Listing Agent's Description

ABSOLUTELY GORGEOUS highly upgraded home located in one of the most sought after locations in Woodbury,right ACROSS FROM THE PARK, community pools and amenities. You will love the Convenient DOWNSTAIRS BEDROOM, BATH, and laundry room. Enter the SPACIOUS and bright GREAT ROOM with BUILT-IN media niche, BUILT-IN SURROUND SOUND SPEAKER SYSTEM, and abundance of windows. Some of the upgrades include custom paint, natural stone floor at entry, BRAND NEW UPGRADED CARPET, NEW CABINET HARDWARE THROUGHOUT, brand new retractable front screen door, and custom window coverings. Discover passion for cooking in your kitchen boasting NEWER STAINLESS STEEL APPLIANCES,granite countertops with custom full backsplash.  Relaxing master suite with walk in closet, dual vanity and encased MARBLE TILED TUB. This beauty offers, INDOOR laundry room with built-in cabinets and FULL SIZE washer and dryer. Take joy in your two-car attached garage with wall to wall of custom cabinets, EPOXY FLOORS with direct entry. Enjoy Woodbury’s 9.5acres recreation center/multi purpose room at the commons.  Enjoy Woodbury’s 7 resort style pools and spas, fireplaces and barbecue areas, neighborhood gardens, sand volleyball,basketball courts, tennis court, sport courts and much more.  Walk to Jeffrey open space trails, Woodbury elementary school and Woodbury town center.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lombard Court

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $228k943k

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

Neighborhood: Lombard Court

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200340036003800Rent in $16403818

* 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
Woodbury Elementary School Primary Regular 1,076 37 8
Woodbury Elementary School Middle Regular 1,076 37 8
Irvine High School High Regular 1,968 64 9

Woodbury Elementary School

  • Education Level: Primary
  • # of students: 1,076
  • # of teachers: 37
8
GreatSchools Rating

Woodbury Elementary School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 37
8
GreatSchools Rating

Irvine High School

  • Education Level: High
  • # of students: 1,968
  • # of teachers: 64
9
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,767
Property Tax -$890
Property Insurance -$66
HOA -$140
Property Management Fees -$153
CASH FLOW
-$887

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.

$750,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.9%
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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $3,128

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,1304$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 127 Sanctuary Irvine, CA 3
    • 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.93
    •  
  • 26 Vintage Irvine, CA 1
    • 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 2005
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.86
    •  
  • 87 Long Irvine, CA 2
    • 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 2005
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.92
    •  
  • 102 Sarabande Irvine, CA 4
    • 3 beds 3 baths ∙ 1,719 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,719 Sqft ∙ Built 2006
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.86
    •  
  • 181 Rhapsody Irvine, CA 5
    • 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.06
    •  
PROPERTY LISTING DETAILS
Mike Jafarkhani
Re/max Premier Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20240225
Last Updated: 11/20/2020
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