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1573 Amberleaf Costa Mesa, CA 92626

4 Beds 3 Baths 2,993 sqft Built 2001

$1,250,000

List Price

$4,890

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $417.64
  • 8 Days on Market
  • MLS # : LG21015707
  • Updated Date : 01/30/2021 at 21:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,993 sqft
  • Baths : 3 full
Listing Agent

First Team Estates

Listing Agent's Description

Welcome to the family neighborhood of Mesa Verde Collection, this turnkey family home was built in 2001 and has 4 bedrooms + office and 3 full baths. As you enter you are greeted by a formal living and dining room & as you continue through the home you come to the great room, complete with an open upgraded kitchen with granite countertops, stainless steel appliances, dual ovens, a spacious walk in pantry & large center island. Marble floors with a diamond inlay run throughout the downstairs living area. There are plenty of windows throughout the home providing an open feeling with lots of natural light. There is a downstairs bedroom with full bathroom perfect for a guest room or a mother-in-laws retreat. Upstairs there are 4 bedrooms including the generously oversized master bedroom with a huge master bathroom. The backyard has lots of space for kids to place or pets to roam. The 3 car garage has epoxy coated flooring and the 3rd space is set up as a man cave with TV and ceiling fan. The home is located down the street from the community pool and playground. Close to freeways, restaurants and shopping; this home is perfect for any family!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mesa Verde

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $243k878k

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

Neighborhood: Mesa Verde

ZipNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400Rent in $18443581

* 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
Tewinkle Middle School Middle Regular 654 29 4
Estancia High School High Regular 1,335 52 6

Tewinkle Middle School

  • Education Level: Middle
  • # of students: 654
  • # of teachers: 29
4
GreatSchools Rating

Estancia High School

  • Education Level: High
  • # of students: 1,335
  • # of teachers: 52
6
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$4,401$5,379$4,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,890
EXPENSES Loan Payment -$4,342
Property Tax -$1,174
Property Insurance -$99
HOA -$140
Property Management Fees -$240
CASH FLOW
-$1,104

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.

$1,250,000

PROJECTED PRICE

$4,890

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.3%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$11,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,890

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $5,387

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$4,750
1$4,7502$4,890
$4,890
RENT COMPS ANALYSIS
  • 1573 Amberleaf Costa Mesa, CA 2
    • 4 beds 3 baths ∙ 2,993 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,993 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $4,890
    • $1.63
    •  
  • 1634 Beechwood Costa Mesa, CA 1
    • 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2001
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,750
    • $1.80
    •  
PROPERTY LISTING DETAILS
Sean Jarne
First Team Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG21015707
Last Updated: 01/30/2021
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