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16400 Mount Keller Circle Fountain Valley, CA 92708

4 Beds 3 Baths 2,232 sqft Built 1971

$1,015,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $454.75
  • 5 Days on Market
  • MLS # : OC21023029
  • Updated Date : 02/26/2021 at 18:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,232 sqft
  • Baths : 3 full
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

This end of the cul-de-sac 4 bedroom home welcomes you with a front yard showcasing low maintenance turf and entry into the open living room featuring a cozy fireplace, abundant natural light and vaulted ceilings. Updated kitchen boasts Alderwood cabinets, a breakfast bar, slide out drawers under countertops plus inside pantry and wonderful backyard views. The kitchen is open to the family room and also flows into the formal dining room, ideal for hosting. Remodeled bathrooms, with the downstairs made to be ADA compatible with an extra wide door, shower bench seat, no step entry, and handheld shower head. All bedrooms are good size, with one located on the first floor. The upstairs bedrooms all have walk-in closets, with the master having an oversized walk-in. Additional features of the home include dual pane windows, upgraded 200 AMP electrical panel, and a Lennex cell phone programmable thermostat. The large backyard is an entertainer’s paradise. The private yard has 6 mature fruit bearing trees, rose garden on timed drip and sprinkler irrigation and also showcases a 16 x 12 shed with electrical power, stamped concrete deck, above-ground hot tub, and retractable patio awning that is electric motor powered. Beyond the 3 car wide driveway is a concrete pad, approximately 48' long, offering extra car parking or plenty of space for an RV or boat. Nearby Mile Square Park, 2 public golf courses, shopping, dining, and easy freeway access all close by. Your new home welcomes you!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$913,500$1,116,500$1,015,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$3,525
Property Tax -$1,011
Property Insurance -$81
Property Management Fees -$173
CASH FLOW
-$1,260

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.

$1,015,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$274,725

INVESTMENT

$274,725

Down Payment
$253,750
Rehab Estimate
$5,750
Closing Costs
$15,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $253,750
Loan Amount $761,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,530

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $3,856

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,3003$3,5304$3,9505$4,200
$4,200
RENT COMPS ANALYSIS
  • 16400 Mount Keller Circle Fountain Valley, CA 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,530
    • $1.58
    •  
  • 16713 Apple Street Fountain Valley, CA 1
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1967
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.66
    •  
  • 16223 Mount Craig Circle Fountain Valley, CA 2
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1970
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.62
    •  
  • 11725 Espen Circle Fountain Valley, CA 4
    • 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1972
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.71
    •  
  • 16327 Mount Emma Street Fountain Valley, CA 5
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 1970
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.92
    •  
PROPERTY LISTING DETAILS
Robert Van Der Goes
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21023029
Last Updated: 02/26/2021
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