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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

$3,290

$3,040 - $3,540

Rent Est.

$871,695  ( +5.66%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
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

SEE MORE

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

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
Urbain H. Plavan Elementary School Primary Regular 533 19 8
Kazuo Masuda Middle School Middle Regular 778 31 9
Fountain Valley High School High Regular 3,704 127 9

Urbain H. Plavan Elementary School

  • Education Level: Primary
  • # of students: 533
  • # of teachers: 19
8
GreatSchools Rating

Kazuo Masuda Middle School

  • Education Level: Middle
  • # of students: 778
  • # of teachers: 31
9
GreatSchools Rating

Fountain Valley High School

  • Education Level: High
  • # of students: 3,704
  • # of teachers: 127
9
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

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$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

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
$3,200
1$3,2002$3,2503$3,2904$3,6955$3,800
$3,800
RENT COMPS ANALYSIS
  • 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
Nancy Andreason
Keller Williams Realty Irvine
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20174743
Last Updated: 08/25/2020
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