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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $599.85
- 3 Days on Market
- MLS # : PW21030083
- Updated Date : 02/12/2021 at 19:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,332 sqft
- Baths : 2 full
Listing Agent
Regeneration Property Group
Listing Agent's Description
This bright, open and stunning home captures the true essence of what “home” is. You won’t want to miss this finely appointed 3-bedroom, 2-bath gorgeous home! The impressive curb appeal of this home sets the tone for true California fine-living. This home is found in a well-established and desirable neighborhood with Villa Park schools! This bright and open beauty is flooded with tons of natural light. You will love this spectacular turnkey single-story spacious home, just move right in and enjoy! You will absolutely love the open kitchen, rich looking flooring, open primary bedroom with large closet, primary restroom and fresh paint throughout the home. Step out to the beautiful well-maintained open backyard with green grass, new vinyl fencing and a large usable pool sized flat lot with endless possibilities. Ample RV parking, big truck parking, room for a boat or several cars on the side with a nice shed for storage! This home is located in a well-established neighborhood. Enjoy the amazing schools, parks and close shopping and freeways nearby. Do not miss out on this one!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92867
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,820 |
| EXPENSES | Loan Payment | -$2,775 |
| Property Tax | -$765 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
-$917
|
||
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
$2,820
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$217,485
LOAN DETAILS
$2,775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $199,750 |
| Loan Amount | $599,250 |
0.58
YEARS SAVED
$1,586
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,820
LIST RENT -
$2.12
LIST RENT PER SQFT
-
$2,827
COMP ESTIMATED VALUE -
$2.12
COMP AVG. RENT PER SQFT
Comps Range
-
1540 N Sacramento Street Orange, CA 1
- 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $2,820
- $2.12
-
1320 E Trenton Avenue Orange, CA 2
- 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1963
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,900
- $2.00
-
783 N Elmwood Street Orange, CA 3
- 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1964
LEASED 03/26/20- Rent
- Rent Per SQFT
- $3,200
- $2.11
-
2223 E Wilson Avenue Orange, CA 4
- 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1961
LEASED 12/16/20- Rent
- Rent Per SQFT
- $3,200
- $2.16
-
2308 E Hoover Avenue Orange, CA 5
- 3 beds 1 baths ∙ 1,482 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,482 Sqft ∙ Built 1962
LEASED 10/07/20- Rent
- Rent Per SQFT
- $3,295
- $2.22
PROPERTY LISTING DETAILS
Regeneration Property Group
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21030083
Last Updated: 02/12/2021
