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16058 Sweetleaf Street 
Fountain Valley, CA
92708
4 Beds 2 Baths 1,916 sqft
Built 1972
INVESTimate
$949,500
List Price
$257,368
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PROPERTY INFO
FACTS
- Built In 1972
- Price/Sqft : $495.56
- 3 Days on Market
- MLS # : OC20174093
- Updated Date : 08/24/2020 at 19:16
CONSTRUCTION
- Beds : 4
- Floor Size : 1,916 sqft
- Baths : 2 full
Listing Agent
Jetwen Properties
Listing Agent's Description
THIS MODEL IS RARELY AVAILABLE . IT IS A LARGE TURNKEY "SINGLE STORY" POOL HOME. THIS HOME RADIATES "PRIDE OF OWNERSHIP". THE FLOORPLAN LENDS ITS SELF TO EASY FUNCTION, & HELPS ACCENTUATE ALL THE MANY POSITIVES. A FEW OF THE MANY THINGS THAT HAVE BEEN DONE ARE: THE POOL WAS REPLASTERED IN 2016 WITH NEW TILE AND COPING A NEW HEATER AND POOL LIGHT AS WELL WERE INSTALLED. IN 2015 THE OWNERS DID A COMPLETE REMODEL OF THE INTERIOR, WHICH INCLUDED KITCHEN AND BATHS . IN 2019 THE OWNER'S BEDROOM AND BATH WAS REMODELED AGAIN. NEW INTEREIOR DOORS AND HARDWARE WERE INSTALLED, INCLUDING BACK DOOR AND ENTRY DOOR. THERE IS BEAUTIFUL HARD WOOD FLOORS THROUGHOUT , WITH A GORGEOUS MARBLE ENTRY. BOTH BATHROOMS HAVE TILE FLOORS. TOP OF THE LINE DUAL PANE WINDOWS WERE INSTALLED IN 2007. THE TILE ROOF REALLY MAKES THE EXTERIOR APPEARANCE POP. IT HAS THREE SOLAR POWERED AIR VENTS ON THE ROOF. THE NEWER PVC PATIO COVER AND FENCING ARE MAINTENANCE FREE. ONE ONE SIDE YARD , THERE ARE TWO BRAND NEW STORAGE SHEDS. FREEWAYS AND BUSINESSES ARE VERY CLOSE AND WHICH ADD TO THE HOME'S DESIRABILITY.
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MARKET HIGHLIGHTS
- 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
- As part of Southern California area, Orange County market inherits all the benefits from the area.
- 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)
PRICE & RENT TRENDS
Neighborhood: Fountain Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fountain Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,330 |
| EXPENSES | Loan Payment | -$3,503 |
| Property Tax | -$922 | |
| Property Insurance | -$73 | |
| HOA | -$29 | |
| Property Management Fees | -$163 | |
|
CASH FLOW
-$1,361
|
||
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.
$949,500
PROJECTED PRICE
$3,330
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 5.66% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$257,368
LOAN DETAILS
$3,503
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $237,375 |
| Loan Amount | $712,125 |
0.25
YEARS SAVED
$388
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,330
LIST RENT -
$1.74
LIST RENT PER SQFT
-
$3,525
COMP ESTIMATED VALUE -
$1.84
COMP AVG. RENT PER SQFT
Comps Range
-
16058 Sweetleaf Street Fountain Valley, 1
- 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 1972
![property image]()
- Rent
- Rent Per SQFT
- $3,330
- $1.74
-
9800 Dandelion Avenue Fountain Valley, 2
- 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1968
![property image]()
LEASED 03/18/20- Rent
- Rent Per SQFT
- $3,400
- $1.79
-
9451 Downing Circle Westminster, 3
- 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1968
![property image]()
LEASED 03/17/20- Rent
- Rent Per SQFT
- $3,500
- $1.81
-
9849 Emmons Circle Fountain Valley, 4
- 4 beds 1 baths ∙ 2,053 Sqft ∙ Built 1976 4 beds 1 baths ∙ 2,053 Sqft ∙ Built 1976
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $3,695
- $1.80
-
9651 Rindge Circle Fountain Valley, 5
- 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 1973
![property image]()
LEASED 03/14/20- Rent
- Rent Per SQFT
- $4,000
- $1.96
PROPERTY LISTING DETAILS
Jetwen Properties
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20174093
Last Updated: 08/24/2020
