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1521 E San Carlos Avenue Orange, CA 92865

4 Beds 2 Baths 1,702 sqft Built 1966

$749,900

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $440.60
  • 3 Days on Market
  • MLS # : RS21001809
  • Updated Date : 01/08/2021 at 12:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,702 sqft
  • Baths : 2 full
Listing Agent

Your Home Team Real Estate

Listing Agent's Description

Beautiful 4 bedroom 2 bath home on a cul de sac in North Orange, the County shows 4 bedrooms but the 4th bedroom is now a den/family room and opens to the formal dining room and kitchen, 2 master bedrooms with master baths one upstairs and one down stairs, new paint and flooring throughout, master bedroom and master bath, huge living room, central air, stainless steel roof, two car attached garage with direct access to the house, over sized enclosed patio, RV parking, large private back yard. Close to Eisenhower Park and the river walking trails, Villa Park Schools. First time on the market! This one won't last!

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: 92865

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92865

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17223345

* 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
Olive Elementary School Primary Regular 503 19 4
Cerro Villa Middle School Middle Regular 1,028 40 6
Villa Park High School High Regular 2,475 89 8

Olive Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 19
4
GreatSchools Rating

Cerro Villa Middle School

  • Education Level: Middle
  • # of students: 1,028
  • # of teachers: 40
6
GreatSchools Rating

Villa Park High School

  • Education Level: High
  • # of students: 2,475
  • # of teachers: 89
8
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,605
Property Tax -$718
Property Insurance -$67
Property Management Fees -$167
CASH FLOW
-$157

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.

$749,900

PROJECTED PRICE

$3,400

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.6%
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-$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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$38,852

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $3,378

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2953$3,4004$3,4505$3,500
$3,500
RENT COMPS ANALYSIS
  • 1521 E San Carlos Avenue Orange, CA 3
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.00
    •  
  • 4173 N Sunset Street Orange, CA 1
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1962
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.99
    •  
  • 416 E Meadowbrook Avenue Orange, CA 2
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1976
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $2.10
    •  
  • 3126 N Hearthside Street Orange, CA 4
    • 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1967
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.99
    •  
  • 3106 N Hartman Street Orange, CA 5
    • 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 1968
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.86
    •  
PROPERTY LISTING DETAILS
Alvin Mullins
Your Home Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS21001809
Last Updated: 01/08/2021
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