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15927 Maidstone Street Fountain Valley, CA 92708

4 Beds 3 Baths 2,357 sqft Built 1974

$1,150,000

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $487.91
  • 10 Days on Market
  • MLS # : PW21049913
  • Updated Date : 03/20/2021 at 20:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,357 sqft
  • Baths : 2 full , 1 half
Listing Agent

Beach Cities Properties, Inc.

Listing Agent's Description

Welcome to 15927 Maidstone Street.! An Entertainers delight… this 4 Bed, 2.5 bath family home has a sparkling pool and spa, boasting 2,357 sq ft of living space on a spacious 7,223 sq ft lot. The landscaped back yard has a large white vinyl covered patio, room for a garden AND room for kids to play. This home features a updated kitchen with granite counters, laminate flooring in kitchen and family room, and a open floor plan to family room with fireplace. Updated bathrooms, Dual pane windows, tile roof, & 3 car attached garage with direct entry into home. There is a HOA community area with a sport court, pool and restrooms. Located in the award winning Garden Grove unified school district. Just mins to the 405 & 22 fwys. Walk to grocery, restaurants, and dining. Sports enthusiasts will enjoy the Fountain Valley Sports and Recreation Center for pickleball and tennis. This home is just steps from Mile Square regional park for golf and walking trails.

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
Mcgarvin Intermediate School Middle Regular 810 27 9
La Quinta High School High Regular 2,142 78 10

Mcgarvin Intermediate School

  • Education Level: Middle
  • # of students: 810
  • # of teachers: 27
9
GreatSchools Rating

La Quinta High School

  • Education Level: High
  • # of students: 2,142
  • # of teachers: 78
10
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$3,994
Property Tax -$1,147
Property Insurance -$84
HOA -$33
Property Management Fees -$188
CASH FLOW
-$1,616

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.

$1,150,000

PROJECTED PRICE

$3,830

PROJECTED RENT

0.33%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,830

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $3,930

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,7003$3,7504$3,8305$4,295
$4,295
RENT COMPS ANALYSIS
  • 15927 Maidstone Street Fountain Valley, CA 4
    • 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,830
    • $1.62
    •  
  • 9652 Westwood Drive Westminster, CA 1
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1969
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.52
    •  
  • 9877 Raritan Avenue Fountain Valley, CA 2
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 1974
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.57
    •  
  • 15670 Irene Way Westminster, CA 3
    • 4 beds 1 baths ∙ 2,161 Sqft ∙ Built 1961 4 beds 1 baths ∙ 2,161 Sqft ∙ Built 1961
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.74
    •  
  • 16070 Cache Street Fountain Valley, CA 5
    • 5 beds 3 baths ∙ 2,328 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,328 Sqft ∙ Built 1972
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,295
    • $1.84
    •  
PROPERTY LISTING DETAILS
Caryn Kay
Beach Cities Properties, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21049913
Last Updated: 03/20/2021
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