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1323 E Rose Avenue Orange, CA 92867

3 Beds 2 Baths 1,387 sqft Built 1956

$799,000

List Price

$3,280

$3K - $3.5K

Rent Est.

$217,485

Investment Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $576.06
  • 3 Days on Market
  • MLS # : OC21029192
  • Updated Date : 02/12/2021 at 18:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,387 sqft
  • Baths : 2 full
Listing Agent

Re/max Select One

Listing Agent's Description

CAPTIVATING SINGLE LEVEL HOME ON SPRAWLING PRIVATE LOT ON A BEAUTIFULLY KEPT STREET IN THIS MUCH DESIRED NEIGHBORHOOD WHICH SHOWS INCREDIBLE PRIDE. THE ENTRANCING & INVITING ENTRY HAS A COVERED PORCH & ENCLOSURE OFFERING AN ENGAGING SPOT TO RELAX. A DRAMATIC CARRIAGE PORCH SPANS THE DRIVEWAY. STEP INSIDE TO GLEAMING REFINISHED HARDWOOD FLOORING, OPEN CONCEPT LIVING ROOM OFFERING WOOD BURNING FIREPLACE & CUSTOM MANTLE, RECESSED LIGHTING & PANED PICTURE WINDOW FOR A SUNLIT INTERIOR. ELEGANT FORMAL DINING AREA OFF LIVING ROOM OPENS TO IMMACULATE KITCHEN OFFERING:GRANITE COUNTERS ACCENTED BY CUSTOM TILE BACKSPLASH*SUNLIT GARDEN WINDOW*WALLS OF CABINETRY*DOUBLE OVEN & AREA FOR CASUAL DINING. LARGE LAUNDRY ROOM HAS AN ENTIRE WALL OF CABINETS, OFF LAUNDRY FIND A GLASS TOP DOOR TO THE REAR YARD. THREE GENEROUS BEDROOMS INCLUDING A LARGE MASTER SUITE OFFERING CEILING FAN, CROWN MOLDING & A CHARMING WINDOW PANED DOOR TO THE SHADED PAVED PATIO. THE REAR YARD IS AN OASIS: SHADED PATIO COVER*LARGE GRASS YARD*A 43’ LONG DRIVEWAY FROM GARAGE TO A ROLLING GATE TO ENCLOSE THE PRIVATE YARD. FROM GATE TO THE FRONT SIDEWALK IS A 39’ LENGTH DRIVEWAY. PLENTY OF ROOM FOR TOYS, A GREAT PLAY AREA ALSO. PRIVACY IS UTMOST WITH MATURE TREES SURROUNDING ALL SIDES. AMENITIES INCLUDE: NEWER A/C*EXPOXY GARAGE FLOOR*RECESSED LIGHTING & DIMMERS*NEW COMMODES*5” BASEBOARDS & MORE. APPROXIMATELY A MILE TO THE FAMED OLD TOWN CIRCLE WITH SHOPS & RESTAURANTS, ¼ MILE TO CHAPMAN, INCREDIBLE LOCATION WITH RV POSSIBLE.

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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: 92867

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k813k

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

Zip Code: 92867

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600Rent in $18443604

* 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
Yorba Middle School Middle Regular 582 26 5
Orange High School High Regular 1,927 79 4
Orange High School High Unknown NA

Yorba Middle School

  • Education Level: Middle
  • # of students: 582
  • # of teachers: 26
5
GreatSchools Rating

Orange High School

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

Orange High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$719,100$878,900$799,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,775
Property Tax -$782
Property Insurance -$60
Property Management Fees -$161
CASH FLOW
-$498

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.

$799,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.1%
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$25k

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$217,485

INVESTMENT

$217,485

Down Payment		 $199,750
Rehab Estimate		 $5,750
Closing Costs		 $11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$16,909

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT

  • $2.36

    LIST RENT PER SQFT

  • $3,270

    COMP ESTIMATED VALUE

  • $2.36

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,2004$3,2805$3,495
$3,495
RENT COMPS ANALYSIS
  • 1323 E Rose Avenue Orange, CA 4
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $2.36
    •  
  • 166 N California Street Orange, CA 1
    • 3 beds 1 baths ∙ 1,293 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,293 Sqft ∙ Built 1953
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.40
    •  
  • 342 E Lomita Avenue Orange, CA 2
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1954
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.54
    •  
  • 2223 E Wilson Avenue Orange, CA 3
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1961
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.16
    •  
  • 870 N Waverly Street Orange, CA 5
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1957
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $2.33
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Ken Dembowski
Re/max Select One
BUYER AGENT
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
SOURCE
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21029192
Last Updated: 02/12/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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