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15192 Champagne Circle Irvine, CA 92604

3 Beds 2 Baths 1,225 sqft Built 1971

$929,900

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $759.10
  • 3 Days on Market
  • MLS # : CV21052445
  • Updated Date : 03/12/2021 at 13:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,225 sqft
  • Baths : 2 full
Listing Agent

Cal American Homes And Realty

Listing Agent's Description

Newly remodeled from top to bottom, this turnkey Irvine Ranch home located on a quiet cul-de-sac has an open floor plan making it ideal for any growing family. Upgrades include new white oak waterproof flooring, new water heater, new windows, upgraded HVAC system and ducting, new recessed lighting, interior/exterior painting, Upgraded electrical and plumbing, new garage door and much more! Large master suite features its own private bathroom and double sink vanity + walk in closet. Kitchen has been fully remodeled with a white shaker cabinet and Calcutta Quartz countertops. Patio door off of the kitchen leads to the newly landscaped backyard, making it ideal to enjoy the outdoors. Endless potential to add a 2nd story or expand in the future on this 6,110 SQ FT lot since this property does NOT have an HOA nor Mello-Roos.

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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

Neighborhood: Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1007k

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

Neighborhood: Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Deerfield Elementary School Primary Regular 671 21 8
Deerfield Elementary School Middle Regular 671 21 8
Irvine High School High Regular 1,968 64 9

Deerfield Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 21
8
GreatSchools Rating

Deerfield Elementary School

  • Education Level: Middle
  • # of students: 671
  • # of teachers: 21
8
GreatSchools Rating

Irvine High School

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

$836,910$1,022,890$929,900

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$3,230
Property Tax -$829
Property Insurance -$57
Property Management Fees -$142
CASH FLOW
-$1,367

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.

$929,900

PROJECTED PRICE

$2,890

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$252,174

INVESTMENT

$252,174

Down Payment
$232,475
Rehab Estimate
$5,750
Closing Costs
$13,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,230

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $232,475
Loan Amount $697,425
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$87

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $2.36

    LIST RENT PER SQFT
  • $2,716

    COMP ESTIMATED VALUE
  • $2.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4753$2,6504$2,8905$2,990
$2,990
RENT COMPS ANALYSIS
  • 15192 Champagne Circle Irvine, CA 4
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $2.36
    •  
  • 36 Fallbrook Irvine, CA 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1978
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.18
    •  
  • 28 Elderglen Irvine, CA 2
    • 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1978
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $2.24
    •  
  • 43 Alderwood Irvine, CA 3
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1978
    property image
    LEASED 12/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.17
    •  
  • 14 Penny Pines Irvine, CA 5
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1975
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $2.28
    •  
PROPERTY LISTING DETAILS
Matthew Salib
Cal American Homes And Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21052445
Last Updated: 03/12/2021
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