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1319 Carhart Circle Fullerton, CA 92833

3 Beds 3 Baths 2,619 sqft Built 2006

$1,099,000

List Price

$3,610

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $419.63
  • 7 Days on Market
  • MLS # : PW21017956
  • Updated Date : 02/06/2021 at 05:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,619 sqft
  • Baths : 3 full
Listing Agent

Century 21 Sunny Hills

Listing Agent's Description

Beautiful Custom Single Story Home in Hills of Fullerton. Oversized Front Porch Welcomes you through the Double Door Entry. Open Floor Large Gourmet Kitchen includes Six Burner Cooktop, Dual Ovens, Granite Counter Tops and Large Center Island. Master Suite with Large Walk-In Closet, Spa Tub and Separate Shower. Two Additional Bedrooms with their Own Bathrooms. Home features 10 Foot Ceilings and 8 Foot Doors Through Out, 3 Car Garage, Dual Pane Windows, Tumbled Travertine. Home is Situated in Cul-De-Sac and close to Best Schools, Shopping, Parks and Trails

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: 92833

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $230k742k

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

Zip Code: 92833

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15703345

* 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
D. Russell Parks Junior High School Middle Regular 1,050 32 8
Sunny Hills High School High Regular 2,264 78 9

D. Russell Parks Junior High School

  • Education Level: Middle
  • # of students: 1,050
  • # of teachers: 32
8
GreatSchools Rating

Sunny Hills High School

  • Education Level: High
  • # of students: 2,264
  • # of teachers: 78
9
GreatSchools Rating
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$3,249$3,971$3,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,610
EXPENSES Loan Payment -$3,817
Property Tax -$1,081
Property Insurance -$90
HOA -$75
Property Management Fees -$177
CASH FLOW
-$1,630

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.

$1,099,000

PROJECTED PRICE

$3,610

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.4%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,610

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $3,942

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6103$3,8004$3,9005$4,000
$4,000
RENT COMPS ANALYSIS
  • 1319 Carhart Circle Fullerton, CA 2
    • 3 beds 3 baths ∙ 2,619 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,619 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,610
    • $1.38
    •  
  • 1240 Starbuck Street Fullerton, CA 1
    • 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2003
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.52
    •  
  • 1152 Gallemore Lane Fullerton, CA 3
    • 4 beds 4 baths ∙ 2,346 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,346 Sqft ∙ Built 2016
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.62
    •  
  • 2029 Mcgarvey Street Fullerton, CA 4
    • 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 2002
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.42
    •  
  • 2039 Ward Street Fullerton, CA 5
    • 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 2003
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.46
    •  
PROPERTY LISTING DETAILS
Chong Un Kim
Century 21 Sunny Hills
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21017956
Last Updated: 02/06/2021
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