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13061 Sirius Avenue Orange, CA 92868

4 Beds 2 Baths 1,579 sqft Built 1959

$675,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $427.49
  • 6 Days on Market
  • MLS # : OC20227528
  • Updated Date : 10/30/2020 at 12:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,579 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Great Starter Home in a very central location! This home features 4 bedrooms, 2 bathrooms, large lot and attached 2 car garage. Recent renovations include, new exterior paint, new energy efficient windows, both bathrooms have been fully remodeled, newer carpet throughout and new fencing. The floor plan is open and spacious. Backyard features lots of grass, mature fruit trees and a patio cover. Schedule your private tour today!

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: 92868

ZipNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $194k742k

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

Zip Code: 92868

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15763345

* 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
Lampson Elementary School Primary Regular 846 31 4
Portola Middle School Middle Regular 735 36 3
Orange High School High Regular 1,927 79 4

Lampson Elementary School

  • Education Level: Primary
  • # of students: 846
  • # of teachers: 31
4
GreatSchools Rating

Portola Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 36
3
GreatSchools Rating

Orange High School

  • Education Level: High
  • # of students: 1,927
  • # of teachers: 79
4
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,490
Property Tax -$719
Property Insurance -$64
Property Management Fees -$157
CASH FLOW
-$230

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.

$675,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.0%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$39,818

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $3,276

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8503$3,1504$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 13061 Sirius Avenue Orange, CA 5
    • 4 beds 2 baths ∙ 1,579 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,579 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.03
    •  
  • 4328 W Simmons Avenue Orange, CA 1
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1955
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.05
    •  
  • 11880 Egham Circle Garden Grove, CA 2
    • 3 beds 3 baths ∙ 1,320 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,320 Sqft ∙ Built 1965
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.16
    •  
  • 11671 Jewel Lane Garden Grove, CA 3
    • 3 beds 1 baths ∙ 1,736 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,736 Sqft ∙ Built 1954
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.81
    •  
  • 12171 Bluebell Avenue Garden Grove, CA 4
    • 4 beds 2 baths ∙ 1,405 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,405 Sqft ∙ Built 1954
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.28
    •  
PROPERTY LISTING DETAILS
Rochelle Chacon
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20227528
Last Updated: 10/30/2020
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