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17 Sanderling Irvine, CA 92604

3 Beds 3 Baths 1,870 sqft Built 1975

$840,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $449.20
  • 9 Days on Market
  • MLS # : OC20226505
  • Updated Date : 11/02/2020 at 20:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,870 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Premier Realty

Listing Agent's Description

Beautiful, Deerfield Home turn key Aspen model... Location…Tucked in on a quiet cull de sac away from all traffic...2 story with cathedral ceilings open and dramatic... light & bright floor plan. This home has been remodeled through out with Plantation Shutters and newer flooring. Large open kitchen with newer stainless steel appliances, cabinets and quartz counter tops in kitchen & bathrooms. Built in organized closet in master bedroom. Large wrap around back yard that is very private Newer tile roof. Backs to a private park. Short walk to pool and award winning elementary and middle schools...

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: Deerfield

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1046k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Deerfield

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Deerfield Elementary School Primary Regular 671 21 8
Deerfield Elementary School Middle Regular 671 21 8
Irvine High School High Regular 1,968 64 9

Deerfield Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 21
8
GreatSchools Rating

Deerfield Elementary School

  • Education Level: Middle
  • # of students: 671
  • # of teachers: 21
8
GreatSchools Rating

Irvine High School

  • Education Level: High
  • # of students: 1,968
  • # of teachers: 64
9
GreatSchools Rating
 

$756,000$924,000$840,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,099
Property Tax -$773
Property Insurance -$72
HOA -$85
Property Management Fees -$157
CASH FLOW
-$977

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$840,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,350

INVESTMENT

$228,350

Down Payment
$210,000
Rehab Estimate
$5,750
Closing Costs
$12,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $210,000
Loan Amount $630,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $3,399

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,2003$3,2104$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 17 Sanderling Irvine, CA 3
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.72
    •  
  • 5 Sanderling Irvine, CA 1
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1974
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.83
    •  
  • 13 Deerwood E E Irvine, CA 2
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 1976
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.86
    •  
  • 18 Gold Bluff Irvine, CA 4
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1975
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.76
    •  
  • 14892 Burnham Circle Irvine, CA 5
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1971
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.82
    •  
PROPERTY LISTING DETAILS
Debera Friend
Re/max Premier Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20226505
Last Updated: 11/02/2020
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