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180 Hayward Irvine, CA 92602

3 Beds 2 Baths 1,860 sqft Built 2002

$736,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $395.70
  • 2 Days on Market
  • MLS # : LG21015317
  • Updated Date : 01/23/2021 at 18:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,860 sqft
  • Baths : 2 full
Listing Agent

Active Realty Inc

Listing Agent's Description

Beautiful 3 bedroom, 2 bathroom, multi-level condo in the guard-gated community of Northpark in Irvine! Enjoy a direct access 2-car garage with stairs to the main living area. The open kitchen offers tile countertops, a breakfast bar, and elegant wood cabinetry. The spacious living room features an inviting fireplace and sliding doors to the private balcony. Additional property highlights include dual sinks in the primary bathroom, laundry room, and storage closet. Community amenities include a swimming pool, spa, barbecue area, tennis courts, and more. Convenient to area schools, shopping plazas, and freeways!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Auburn

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $248k943k

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

Neighborhood: Auburn

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15593818

* 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
Orchard Hills School Primary Regular 1,171 38 10
Orchard Hills School Middle Regular 1,171 38 10
Arnold O. Beckman High School High Regular 2,648 94 9

Orchard Hills School

  • Education Level: Primary
  • # of students: 1,171
  • # of teachers: 38
10
GreatSchools Rating

Orchard Hills School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 38
10
GreatSchools Rating

Arnold O. Beckman High School

  • Education Level: High
  • # of students: 2,648
  • # of teachers: 94
9
GreatSchools Rating
 

$662,400$809,600$736,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,556
Property Tax -$781
Property Insurance -$72
HOA -$185
Property Management Fees -$157
CASH FLOW
-$552

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.

$736,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.8%
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-$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$200,790

INVESTMENT

$200,790

Down Payment
$184,000
Rehab Estimate
$5,750
Closing Costs
$11,040

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,556

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,000
Loan Amount $552,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,898

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $3,246

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1503$3,2004$3,5005$3,695
$3,695
RENT COMPS ANALYSIS
  • 180 Hayward Irvine, CA 3
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.72
    •  
  • 141 Talmadge Irvine, CA 1
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2002
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.65
    •  
  • 45 Olivehurst Irvine, CA 2
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2001
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.73
    •  
  • 3 Hallwood Irvine, CA 4
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2002
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.72
    •  
  • 35 Boulder Creek Way Irvine, CA 5
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1998
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.88
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG21015317
Last Updated: 01/23/2021
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