Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15928 Prell Court Fountain Valley, CA 92708

3 Beds 3 Baths 1,402 sqft Built 1974

$699,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $498.57
  • 3 Days on Market
  • MLS # : TR21034863
  • Updated Date : 02/19/2021 at 10:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,402 sqft
  • Baths : 3 full
Listing Agent

Homecoin.com

Listing Agent's Description

THERE IS ONLY ONE-Highly desirable End unit Single home PUD in Fountain Park Gated Community and it is considered the premier location. Tastefully upgraded over 120K in 2019 with Smart home Control, new drywall, new Windows, new Modern Euro-Style Cabinet Kitchen, brand new modern light fixtures and LED recessed lighting throughout the home along with an upgraded fireplace featuring fire glass for easy maintenance and a stylish, modern appearance. This designer decorated home offers a bright, open concept feel throughout. The living and dining space is completed by a lovely open bar and open patio. The kitchen offers exquisite countertop, Euro Glass Gas cooktop, Limited Edition Hood, contemporary handmade-tile work and newer Luxury stainless steel appliances. Whole house Reverse Water Filtration System and enjoy Finest Alkaline UV Light Water System. The large master suite with Freestanding tub, Copper sink vanity-Glass accents wall details and a luxurious with peaceful views of the community's lush greenery. Large secondary bedroom has a private bathroom. The spacious and bright Third bedroom can be convert to office. New 13mm hardwood floor through the second floor and stairs. The Fountain Park gated community offers a peaceful resort like lifestyle with pool and spa, walking trails, open and private parking spaces. This home is conveniently located within walking distance to parks and neighborhood shopping centers. Short driving distance to the beach.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,428
Property Tax -$696
Property Insurance -$61
HOA -$319
Property Management Fees -$130
CASH FLOW
-$984

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.

$699,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$86

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $1.89

    LIST RENT PER SQFT
  • $2,657

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7003$2,7004$2,8005$3,100
$3,100
RENT COMPS ANALYSIS
  • 15928 Prell Court Fountain Valley, CA 1
    • 3 beds 3 baths ∙ 1,402 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,402 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 10562 Sennit Avenue Garden Grove, CA 2
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1963
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.76
    •  
  • 10141 Cabo Drive Westminster, CA 3
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1975
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.94
    •  
  • 10662 Henderson Avenue Garden Grove, CA 4
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1963
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.93
    •  
  • 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
Jonathan Minerick
Homecoin.com
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21034863
Last Updated: 02/19/2021
BESbswy