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1734 Chantilly Lane Fullerton, CA 92833

5 Beds 3 Baths 2,879 sqft Built 1987

$989,999

List Price

$4,000

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $343.87
  • 16 Days on Market
  • MLS # : PW20220301
  • Updated Date : 11/02/2020 at 10:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,879 sqft
  • Baths : 3 full
Listing Agent

Century Real Estate Group

Listing Agent's Description

THIS PLAN III OF THE "TRAILS" TRACT PRESENTS DOUBLE DOOR ENTRY, A MAIN FLOOR BEDROOM WITH ATTACHED BATHROOM, HIGH VAULTED CEILING ABOVE LIVING ROOM & FORMAL DINNING ROOM, SEPARATED FROM A FAMILY ROOM WITH A FIRE PLACE, AND UPGRADED GORMET KITCHEN & BREAKFAST NOOK ON THE FIRST LEVEL. THE STATELY SPIRAL STAIRCASE LEADS UP TO THE SECOND LEVEL: MASTER BEDROOM AND MASTER BATH & THREE BEDROOMS. THE BUILDER OFFERED AN OPTION FOR THE RESIDENT TO HAVE THE BONUS ROOM UPSTAIRS SPLIT INTO TWO BEDROOMS, AND RETREAT NEXT TO FAMILY ROOM DOWNSTAIRS INTO ANOTHER BEDROOM; THUS, TOTAL FIVE BEDROOMS HOME CAME TO BE FOR A LARGE FAMILY. THE TRAILS COMMUNITY IS BUILT ON A HIGH LAND AND MOST HOMES HERE IN THIS TRACT HAVE BEAUTIFUL VIEW OF CITY LIGHTS AND DISNEYLAND FIRE WORKS. LOW HOA DUES PROVIDE A POOL & SPA AND RECREATION HALL FOR THE RESIDENTS AND GUEST, AN ATTRACTIVE FEATURE FOR ALL RESIDENTS. ALSO NOTABLE AMENITIES SURROUNDING THIS NEIGHBORHOOD ARE HIKING TRAILS, MOUNTAIN BIKE RIDE ROADS, EXCELLENT SCHOOLS, AND LOTS MORE.

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

Zip Code: 92833

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $230k742k

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

Zip Code: 92833

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15703345

* 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
Sunset Lane Elementary School Primary Regular 793 26 8
D. Russell Parks Junior High School Middle Regular 1,050 32 8
Sonora High School High Regular 1,924 67 9

Sunset Lane Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 26
8
GreatSchools Rating

D. Russell Parks Junior High School

  • Education Level: Middle
  • # of students: 1,050
  • # of teachers: 32
8
GreatSchools Rating

Sonora High School

  • Education Level: High
  • # of students: 1,924
  • # of teachers: 67
9
GreatSchools Rating
 

$890,999$1,088,999$989,999

PURCHASE PRICE

$3,600$4,400$4,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,000
EXPENSES Loan Payment -$3,653
Property Tax -$974
Property Insurance -$97
HOA -$175
Property Management Fees -$196
CASH FLOW
-$1,094

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.

$989,999

PROJECTED PRICE

$4,000

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.4%
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$20k

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$268,100

INVESTMENT

$268,100

Down Payment
$247,500
Rehab Estimate
$5,750
Closing Costs
$14,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,500
Loan Amount $742,499
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$4,550

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,000

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $4,074

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8003$3,8004$3,9005$4,000
$4,000
RENT COMPS ANALYSIS
  • 1734 Chantilly Lane Fullerton, CA 5
    • 5 beds 3 baths ∙ 2,879 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,879 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.39
    •  
  • 541 W Saint Andrews Avenue La Habra, CA 1
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1994
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.44
    •  
  • 2148 Winterwood Drive Fullerton, CA 2
    • 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 1984
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.39
    •  
  • 1828 Brooke Lane Fullerton, CA 3
    • 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1989
    property image
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.46
    •  
  • 2248 Root Street Fullerton, CA 4
    • 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2002
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.37
    •  
PROPERTY LISTING DETAILS
Thomas Lee
Century Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20220301
Last Updated: 11/02/2020
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