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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lombard Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,500
LOAN DETAILS
$2,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
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
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127 Sanctuary Irvine, CA 3
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- $3,130
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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
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- $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
Re/max Premier Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20240225
Last Updated: 11/20/2020
