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130 E Woodvale Avenue Orange, CA 92865

3 Beds 2 Baths 1,464 sqft Built 1963

$749,900

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $512.23
  • 2 Days on Market
  • MLS # : PW21005179
  • Updated Date : 01/09/2021 at 16:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,464 sqft
  • Baths : 2 full
Listing Agent

Ricci Realty

Listing Agent's Description

4 BEDROOM 2 BATH SINGLE STORY HOME LOCATED IN THE VILLA PARK SCHOOL SERVICE AREA. FRONT PLANTERS AND FOUNTAIN RELAX YOU AS YOU ENTER THIS WELL CARED FOR HOME. THE FORMAL ENTRY LEADS TO A FAMLITY ROOM OR FORMAL DININF ROOM, YOUR CHOICE. A FORMAL LIVING ROOM FEATURES A FLAGSTONE FIREPLACE W/ GAS STARTER AND GLASS PATIO DOORS OUT TO THE SIDE YARD. THE FAMILY KITCHEN HAS AN INFORMAL EATING AREA FOR THOSE EVERYDAY MEALS. A DISHWASHER, TILE COUNTERS AND BACKSPLASH AND A BUILT IN GAS RANGE AND DOUBLE OVEN MAKE MEAL PREP EASY. 4 BEDROOMS, THE MAIN BATH HAS DUAL SINKS AND A TUB/SHOWER. THE BATH OFF THE MASTER HAS DIRECT ACCESS TO A BTH WITH A TILE SHOWER. AN ADDED ATRIUM AREA ADDS CHARM TO THE BATH. A 13X15 PERMITTED BONUS ROOM (NOT INCLUDED IN SQUARE FOOTAGE) IS CURRENTLY BEING USED AS A FAMILY ROOM. LOTS OF WINDOWS LET THE SUN SHINE IN WITH A VIEW OF A MANICURED REAR YARD WITH MATURE SHADE TREES. AN ATTACHED 2 CAR CARAGE HAS AUTOMATIC GARAGE DOOR OPENER LOTS OF STORAGE CABINETS AND A WATER SOFTER. CENTRAL HEATING AND AIR CONDITIONING.

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: 92865

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92865

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17223345

* 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
Fletcher Elementary School Primary Regular 376 15 5
Cerro Villa Middle School Middle Regular 1,028 40 6
Villa Park High School High Regular 2,475 89 8

Fletcher Elementary School

  • Education Level: Primary
  • # of students: 376
  • # of teachers: 15
5
GreatSchools Rating

Cerro Villa Middle School

  • Education Level: Middle
  • # of students: 1,028
  • # of teachers: 40
6
GreatSchools Rating

Villa Park High School

  • Education Level: High
  • # of students: 2,475
  • # of teachers: 89
8
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,605
Property Tax -$718
Property Insurance -$62
Property Management Fees -$152
CASH FLOW
-$436

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.

$749,900

PROJECTED PRICE

$3,100

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$17,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $3,122

    COMP ESTIMATED VALUE
  • $2.13

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,2004$3,2505$3,400
$3,400
RENT COMPS ANALYSIS
  • 130 E Woodvale Avenue Orange, CA 2
    • 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.12
    •  
  • 2488 N Millstream Lane Orange, CA 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1982
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.14
    •  
  • 2680 N Hartman Orange, CA 3
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1964
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.26
    •  
  • 350 E Sand Pebble Way Orange, CA 4
    • 4 beds 2 baths ∙ 1,618 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,618 Sqft ∙ Built 1975
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.01
    •  
  • 2489 N Cottonwood Street Orange, CA 5
    • 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 1963
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.12
    •  
PROPERTY LISTING DETAILS
Albert Ricci
Ricci Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21005179
Last Updated: 01/09/2021
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