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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $436.94
- 13 Days on Market
- MLS # : PW21143419
- Updated Date : 07/11/2021 at 06:59
CONSTRUCTION
- Beds : 5
- Floor Size : 2,918 sqft
- Baths : 2 full , 1 half
Listing Agent
Dc Real Estate
Listing Agent's Description
Encounter this cozy home in one of Fountain Valley's best neighborhoods. Approximately 2918 SqFt. Executive home on cul-de-sac boasts spacious 8470.00 sq.ft.lot suitable for an ADU if needed. Large formal dining room. Gourmet kitchen. Formal dining room/ downstairs bonus room can be used as a bedroom. Large 4 bedrooms upstairs. Vaulted wood beam ceilings. Tile roof. Paid off "Sun Power Solar System" with 220 Volt Outlet ready to charge your electric car. Large backyard with lots of fruit trees. The best school district for your kids to go to!
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MARKET HIGHLIGHTS
- 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.
- 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]
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 | $4,180 |
| EXPENSES | Loan Payment | -$4,429 |
| Property Tax | -$1,254 | |
| Property Insurance | -$97 | |
| Property Management Fees | -$205 | |
|
CASH FLOW
-$1,805
|
||
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.
$1,275,000
PROJECTED PRICE
$4,180
PROJECTED RENT
0.33%
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
$343,625
LOAN DETAILS
$4,429
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $318,750 |
| Loan Amount | $956,250 |
0.17
YEARS SAVED
$218
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,180
LIST RENT -
$1.43
LIST RENT PER SQFT
-
$4,501
COMP ESTIMATED VALUE -
$1.54
COMP AVG. RENT PER SQFT
Comps Range
-
17928 Toiyabe Circle Fountain Valley, CA 4
- 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1976 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1976
![property image]()
- Rent
- Rent Per SQFT
- $4,180
- $1.43
-
18392 Mount Cherie Circle Fountain Valley, CA 1
- 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 1977
![property image]()
LEASED 05/27/21- Rent
- Rent Per SQFT
- $3,900
- $1.50
-
9322 Flicker Avenue Fountain Valley, CA 2
- 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1971
![property image]()
LEASED 11/03/20- Rent
- Rent Per SQFT
- $4,000
- $1.53
-
8956 Thames River Avenue Fountain Valley, CA 3
- 4 beds 1 baths ∙ 2,671 Sqft ∙ Built 1972 4 beds 1 baths ∙ 2,671 Sqft ∙ Built 1972
![property image]()
LEASED 02/20/20- Rent
- Rent Per SQFT
- $4,100
- $1.54
-
10459 Apache River Avenue Fountain Valley, CA 5
- 5 beds 1 baths ∙ 2,620 Sqft ∙ Built 1972 5 beds 1 baths ∙ 2,620 Sqft ∙ Built 1972
![property image]()
LEASED 07/06/21- Rent
- Rent Per SQFT
- $4,200
- $1.60
PROPERTY LISTING DETAILS
Dc Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21143419
Last Updated: 07/11/2021
