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1744 Marcella Lane Santa Ana, CA 92706

3 Beds 2 Baths 1,466 sqft Built 1959

$749,888

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $511.52
  • 2 Days on Market
  • MLS # : PW20247350
  • Updated Date : 11/28/2020 at 14:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,466 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Your private oasis awaits! Open floor plan with wonderfully remodeled gourmet kitchen with white shaker style cabinets, Quartz type counter tops, Stainless steel LG appliances, stainless steel farm style sink and subway style tile back splash. Separate laundry room. Great family room right off the patio with cathedral ceilings. Pool was tastefully redone with designer waterline tile, newer pump and convenient outside changing room and bathroom. Fantastic designer paint and accent colors. Centrally located with easy access to 5, 22 and 57 making quick access to The Block Outlets, Crystal Cathedral, Little Saigon, South Coast Plaza, Disneyland Resort, Angel Stadium and Honda Center. Award winning Garden Grove Schools! Do Not Miss Out!

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: Concord

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $205k742k

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

Neighborhood: Concord

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15653345

* 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
Riverdale Elementary School Primary Regular 580 21 6
Doig Intermediate School Middle Regular 856 31 6
Santiago High School High Regular 2,214 87 6

Riverdale Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 21
6
GreatSchools Rating

Doig Intermediate School

  • Education Level: Middle
  • # of students: 856
  • # of teachers: 31
6
GreatSchools Rating

Santiago High School

  • Education Level: High
  • # of students: 2,214
  • # of teachers: 87
6
GreatSchools Rating
 

$674,899$824,877$749,888

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,767
Property Tax -$763
Property Insurance -$63
Property Management Fees -$149
CASH FLOW
-$692

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$749,888

PROJECTED PRICE

$3,050

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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$20k

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$204,470

INVESTMENT

$204,470

Down Payment
$187,472
Rehab Estimate
$5,750
Closing Costs
$11,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,472
Loan Amount $562,416
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$11,197

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $2.08

    LIST RENT PER SQFT
  • $3,097

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,820
1$2,8202$3,0503$3,2504$3,4005$3,900
$3,900
RENT COMPS ANALYSIS
  • 1744 Marcella Lane Santa Ana, CA 2
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $2.08
    •  
  • 12872 Sungrove Street Garden Grove, CA 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1958
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $2.09
    •  
  • 1009 W 20th Street Santa Ana, CA 3
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1952
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.12
    •  
  • 2233 Tamy Lane Santa Ana, CA 4
    • 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1955
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.08
    •  
  • 2316 N Flower Street Santa Ana, CA 5
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1948
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.16
    •  
PROPERTY LISTING DETAILS
Silvia Wiebach
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20247350
Last Updated: 11/28/2020
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