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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $413.32
- 5 Days on Market
- MLS # : PW20246296
- Updated Date : 12/02/2020 at 12:47
CONSTRUCTION
- Beds : 5
- Floor Size : 2,538 sqft
- Baths : 4 full
Listing Agent
Thomas Real Estate Group
Listing Agent's Description
Fabulous opportunity to purchase large two story family pool home. Great curb appeal. Large yard, many upgrades, gated front yard and entryway, cul de sac location. Rare five bedrooms with four baths. 5th bedroom currenlty is set up as an office. Great property for blended living, three beds and two baths down, upper level each bedroom is ensuite. Bright and light throughout. Sought after neighborhood with close proximity to schools, shopping and EZ access to 22/405 freeways. Relax in your entertainers yard with sparkling pool and lots of patio space for entertaining. Large grass front yard to play out with the kids/dog.Bathrooms remodeled, granite kitchen counter tops, breakfast counter and sunny eating nook.
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,990 |
| EXPENSES | Loan Payment | -$3,870 |
| Property Tax | -$1,032 | |
| Property Insurance | -$88 | |
| Property Management Fees | -$196 | |
|
CASH FLOW
-$1,196
|
||
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.
$1,049,000
PROJECTED PRICE
$3,990
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$283,735
LOAN DETAILS
$3,870
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $262,250 |
| Loan Amount | $786,750 |
0.83
YEARS SAVED
$4,264
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,990
LIST RENT -
$1.57
LIST RENT PER SQFT
-
$4,327
COMP ESTIMATED VALUE -
$1.7
COMP AVG. RENT PER SQFT
Comps Range
-
16799 Madrone Circle Fountain Valley, CA 4
- 5 beds 4 baths ∙ 2,538 Sqft ∙ Built 1964 5 beds 4 baths ∙ 2,538 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $3,990
- $1.57
-
9721 El Greco Circle Fountain Valley, CA 1
- 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
-
9755 El Durango Circle Fountain Valley, CA 2
- 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972
LEASED 01/02/20- Rent
- Rent Per SQFT
- $3,850
- $1.70
-
9735 El Durango Circle Fountain Valley, CA 3
- 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972
LEASED 06/27/20- Rent
- Rent Per SQFT
- $3,900
- $1.72
-
9766 Shamrock Avenue Fountain Valley, CA 5
- 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1973
LEASED 03/01/20- Rent
- Rent Per SQFT
- $4,000
- $1.72
PROPERTY LISTING DETAILS
Thomas Real Estate Group
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20246296
Last Updated: 12/02/2020
