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14851 Laurelgrove Circle Irvine, CA 92604

4 Beds 3 Baths 2,171 sqft Built 1971

$1,100,000

List Price

$3,560

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $506.68
  • 116 Days on Market
  • MLS # : OC20194995
  • Updated Date : 10/12/2020 at 13:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,171 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group West

Listing Agent's Description

Welcome to your new Home! This almost totally renovated, VERY well maintained home is located in a lovely Cul-De-Sac with a large lot, that backs up to a green belt of Willows Park. Perfect for daily jog, walking the dog, strolling with the kids, (play area is within walking distance). Home has combination living and dining area, high vaulted ceiling in living/dining area, living room has fireplace. Beautiful kitchen with granite counters and newer cabinets, stainless steel lined drawers. Kitchen opens up to family room with built in bookcase. Family room slider opens to beautiful private backyard, with concrete walls, covered patio perfect for BBQs. Home has 2 master bedrooms, one upstairs and one downstairs, upstairs master has soak tub and granite and marble finishes, master bedroom downstairs has large walk in shower and 2nd bedroom downstairs is currently used as a den/music/media room, perfect for a 2nd generation living area downstairs. 2nd bedroom upstairs has a custom walk in closet. 2 Car Attached Direct Access Garage with epoxy floors has washer/dryer hookups. Laminate flooring, crown moulding, recessed lighting/ceiling fans, copper piping throughout, newer electrical panel, and double pane windows Close to Award Winning Irvine Schools, Shopping, Spectrum, and Freeways. No HOA and No Mello Roos. Don't Miss Out!

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

Neighborhood: El Camino Real

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $268k943k

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

Neighborhood: El Camino Real

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18493818

* 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
Greentree Elementary School Primary Regular 517 19 8
Greentree Elementary School Middle Regular 517 19 8
Irvine High School High Regular 1,968 64 9

Greentree Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 19
8
GreatSchools Rating

Greentree Elementary School

  • Education Level: Middle
  • # of students: 517
  • # of teachers: 19
8
GreatSchools Rating

Irvine High School

  • Education Level: High
  • # of students: 1,968
  • # of teachers: 64
9
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,204$3,916$3,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,560
EXPENSES Loan Payment -$3,821
Property Tax -$981
Property Insurance -$80
Property Management Fees -$174
CASH FLOW
-$1,495

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.

$1,100,000

PROJECTED PRICE

$3,560

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,560

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $3,723

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,5603$3,7004$3,8005$3,850
$3,850
RENT COMPS ANALYSIS
  • 14851 Laurelgrove Circle Irvine, CA 2
    • 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,560
    • $1.64
    •  
  • 7 Butterfly Irvine, CA 1
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1977
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.55
    •  
  • 4651 Lockhaven Circle Irvine, CA 3
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1972
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.83
    •  
  • 14751 Deer Park Street Irvine, CA 4
    • 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 1972
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.82
    •  
  • 5051 Yearling Avenue Irvine, CA 5
    • 5 beds 4 baths ∙ 2,326 Sqft ∙ Built 1971 5 beds 4 baths ∙ 2,326 Sqft ∙ Built 1971
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.66
    •  
PROPERTY LISTING DETAILS
Roylynn Welch
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20194995
Last Updated: 10/12/2020
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