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17413 Hood Court Fountain Valley, CA 92708

3 Beds 2 Baths 1,280 sqft Built 1966

$550,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $429.69
  • 4 Days on Market
  • MLS # : OC20238120
  • Updated Date : 11/12/2020 at 10:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,280 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Updated End Unit Attached SFR! This 3 bedroom, 2 full bath townhome has been fully updated! Beautiful kitchen with granite countertops and stainless steel appliances. The home has a two car garage, wood floors, upstairs laundry room. Located near Costco, shopping centers, Mile Square Park, Hospital, 405 Fwy. Association includes clubhouse and community pools. This is a must see!

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: 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
Northcutt Elementary School Primary Regular 638 23 5
Fitz Intermediate School Middle Regular 675 24 5
Los Amigos High School High Regular 1,787 74 5

Northcutt Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 23
5
GreatSchools Rating

Fitz Intermediate School

  • Education Level: Middle
  • # of students: 675
  • # of teachers: 24
5
GreatSchools Rating

Los Amigos High School

  • Education Level: High
  • # of students: 1,787
  • # of teachers: 74
5
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,029
Property Tax -$548
Property Insurance -$58
HOA -$223
Property Management Fees -$123
CASH FLOW
-$471

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.

$550,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,962

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $1.96

    LIST RENT PER SQFT
  • $2,506

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5103$2,9004$2,9505$3,100
$3,100
RENT COMPS ANALYSIS
  • 17413 Hood Court Fountain Valley, CA 2
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $1.96
    •  
  • 18084 Yosemite Court Fountain Valley, CA 1
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1971
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.92
    •  
  • 17183 Staedler Street Fountain Valley, CA 3
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1971
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.99
    •  
  • 11300 Ivory Fountain Valley, CA 4
    • 4 beds 1 baths ∙ 1,570 Sqft ∙ Built 1970 4 beds 1 baths ∙ 1,570 Sqft ∙ Built 1970
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.88
    •  
  • 10920 San Leon Avenue Fountain Valley, CA 5
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1973
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.04
    •  
PROPERTY LISTING DETAILS
Felix Hung
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20238120
Last Updated: 11/12/2020
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