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16762 Buckeye Circle 
Fountain Valley, CA
92708
4 Beds 3 Baths 2,084 sqft
Built 1966
INVESTimate
$825,000
List Price
$224,375
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PROPERTY INFO
FACTS
- Built In 1966
- Price/Sqft : $395.87
- 2 Days on Market
- MLS # : OC20174743
- Updated Date : 08/25/2020 at 17:04
CONSTRUCTION
- Beds : 4
- Floor Size : 2,084 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Irvine
Listing Agent's Description
Opportunity Knocks! An expanded Westmont Home, nearly 2,100 sq. ft., situated at the end of the Cul de sac. It sits on a large lot—facing south for that cool ocean breeze. The Upstairs Large Bonus Room is ready to be built out into an expansive master suite, for the 4th Bedroom. It is ready for you to design and put your own style and touches. The other 3 bedrooms and 2 baths are downstairs. The kitchen has beautiful maple kitchen cabinetry with pull out drawers. The counters are corian, it has tile flooring, plus a new range/oven. Off the kitchen is the large laundry room, which has a wall of cabinets for storage. The gathering area for the family & entertaining guests is huge! The family room has an addition and was expanded 214 sq. ft., which was permitted. The vaulted ceiling, along with the large stone fireplace, makes it an ideal setting. The home has dual pane windows & slider, recessed lighting, newer a/c heater & ducting, plus a new roll up garage door. Direct Access to 2 Car Garage. The driveway is extra wide, with enough space for an RV. on a Premium Lot Sized over 7,100 sq ft. There are two avocado trees & a lemon tree. It is ready for final landscaping touches to make it your own private backyard oasis. Easy walking distance to Plavan Elementary School. It is an interior location in a Superb Neighborhood, Close to Mile Square Park, Shopping, Dining, Excellent Schools & Convenient Freeway Access. The Beach--HB is 6 miles--your toes in the sand! See the 3D Tour
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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 | $3,290 |
| EXPENSES | Loan Payment | -$3,044 |
| Property Tax | -$811 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$161 | |
|
CASH FLOW
-$804
|
||
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.
$825,000
PROJECTED PRICE
$3,290
PROJECTED RENT
0.40%
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
$224,375
LOAN DETAILS
$3,044
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $206,250 |
| Loan Amount | $618,750 |
1.5
YEARS SAVED
$8,020
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,290
LIST RENT -
$1.58
LIST RENT PER SQFT
-
$3,558
COMP ESTIMATED VALUE -
$1.71
COMP AVG. RENT PER SQFT
Comps Range
-
16762 Buckeye Circle Fountain Valley, 3
- 4 beds 3 baths ∙ 2,084 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,084 Sqft ∙ Built 1966
- Rent
- Rent Per SQFT
- $3,290
- $1.58
-
9433 Geranium Circle Fountain Valley, 1
- 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1965
LEASED 01/23/20- Rent
- Rent Per SQFT
- $3,200
- $1.69
-
16713 Apple Street Fountain Valley, 2
- 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
-
9849 Emmons Circle Fountain Valley, 4
- 4 beds 1 baths ∙ 2,053 Sqft ∙ Built 1976 4 beds 1 baths ∙ 2,053 Sqft ∙ Built 1976
LEASED 03/13/20- Rent
- Rent Per SQFT
- $3,695
- $1.80
-
9721 El Greco Circle Fountain Valley, 5
- 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1974
LEASED 11/27/19- Rent
- Rent Per SQFT
- $3,800
- $1.68
PROPERTY LISTING DETAILS
Keller Williams Realty Irvine
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20174743
Last Updated: 08/25/2020
