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15906 Godwin Court Fountain Valley, CA 92708

3 Beds 2 Baths 1,269 sqft Built 1964

$549,888

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $433.32
  • 9 Days on Market
  • MLS # : OC21053211
  • Updated Date : 03/19/2021 at 05:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,269 sqft
  • Baths : 1 full , 1 half
Listing Agent

The L3

Listing Agent's Description

COPY & PASTE FOR VIDEO TOUR: https://player.vimeo.com/video/525706953 Welcome to your immaculately remodeled home, located in the Harbor Valley Community of Fountain Valley! Make your way into the home and you are greeted with stunning finishes and upgrades throughout! The home features a remodeled kitchen with granite counters, white cabinets, and stainless appliances. The downstairs features beautiful flooring, a pass through fireplace, remodeled bathroom with perfect touches, a laundry closet, and an expansive family room! Make your way upstairs to the three bedrooms, and take note of the oversized master with direct access into the large bathroom. The upstairs bathroom is massive and has been stunningly remodeled with marble, quartz, and glass finishes, making it a true oasis. Head outside to your oversized covered courtyard that features horizontal wood siding, TV hookups, space for kids, dogs, entertaining, and future potential for a built in BBQ or fire pit! The courtyard leads to your finished garage, with plenty of room for two large vehicles and storage. Lastly, the entire home features central AC with ultraviolet technology to kill germs and bacteria, dual pane windows, recessed lighting, and beautiful finishes. Low HOA dues include a pool, spa, playground, picnic areas, greenbelts, and a clubhouse! Close to Mile Square Park, schools, shops, dining, entertainment, and easy access to the freeways! Welcome home to your perfect L3, Location, Luxury, & Lifestyle!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k816k

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

Neighborhood: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2180020002200240026002800300032003400Rent in $17723435

* 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
Fitz Intermediate School Middle Regular 675 24 5
Los Amigos High School High Regular 1,787 74 5

Fitz Intermediate School

  • Education Level: Middle
  • # of students: 675
  • # of teachers: 24
5
GreatSchools Rating

Los Amigos High School

  • Education Level: High
  • # of students: 1,787
  • # of teachers: 74
5
GreatSchools Rating
 

$494,899$604,877$549,888

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,910
Property Tax -$562
Property Insurance -$58
HOA -$185
Property Management Fees -$116
CASH FLOW
-$471

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.

$549,888

PROJECTED PRICE

$2,360

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,470

INVESTMENT

$151,470

Down Payment
$137,472
Rehab Estimate
$5,750
Closing Costs
$8,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,472
Loan Amount $412,416
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.86

    LIST RENT PER SQFT
  • $2,395

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,360
1$2,3602$2,5003$2,9004$2,9505$3,100
$3,100
RENT COMPS ANALYSIS
  • 15906 Godwin Court Fountain Valley, CA 1
    • 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.86
    •  
  • 938 S Figueroa Street Santa Ana, CA 2
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1963
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.76
    •  
  • 11671 Rosemary Avenue Fountain Valley, CA 3
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1964
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.96
    •  
  • 11300 Ivory Fountain Valley, CA 4
    • 4 beds 1 baths ∙ 1,570 Sqft ∙ Built 1970 4 beds 1 baths ∙ 1,570 Sqft ∙ Built 1970
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.88
    •  
  • 5428 W Wisteria Place Santa Ana, CA 5
    • 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1963
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.95
    •  
PROPERTY LISTING DETAILS
Jamie Pirritano
The L3
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21053211
Last Updated: 03/19/2021
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