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1820 Brooke Ln Fullerton, CA 92833

3 Beds 3 Baths 2,469 sqft Built 1989

$928,000

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $375.86
  • 7 Days on Market
  • MLS # : PW20262975
  • Updated Date : 12/30/2020 at 05:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,469 sqft
  • Baths : 2 full , 1 half
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Great Opportunity to Own this William Lyon Home in Trails, the Prestigious Community in Fullerton, Huge Lot with Lots of Kinds of Fruit Trees(Lemon, Pomegranate, Apple, Jujube, Persimmon, Grapes...) & Mature Trees.... Lot Over 14,000 Sq Ft, Open Floor Plan with Double Door Entry, High Soaring Ceiling in Living room, Family room & Kitchen Overlook Spacious & Immense Backyard, Bring Your Artistic Flair & Imagination to This Blank Canvas !!! New Laminate Floor in Downstairs & New Carpet in Upstairs, Fresh New Paint...Abundant Natural Lights, Bright... Master Bedroom Has Walk-in-Closet, Master Bathroom has a Separate Shower & Bathtub, Double Sink, Loft Area, Inside Laundry Room, Master Bedroom Retreat Area Possibly Make Separate 4th Bedroom or Downstairs Tandem Garage Space can be a Rooms, Long Long Drive Way... Lots of Potentials... Community Have Resort Style Pool, Spa, Biking & Hiking Trails... Excellent School District, Convenient Location, Close to All, Park, Shopping, Restaurants, Walking Trails, Golf Course.....

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
 

$835,200$1,020,800$928,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$3,424
Property Tax -$913
Property Insurance -$87
HOA -$175
Property Management Fees -$176
CASH FLOW
-$1,184

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.

$928,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.39%

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

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$251,670

INVESTMENT

$251,670

Down Payment
$232,000
Rehab Estimate
$5,750
Closing Costs
$13,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $232,000
Loan Amount $696,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,590

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $4,043

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$3,425
1$3,4252$3,5903$3,8504$4,0005$4,100
$4,100
RENT COMPS ANALYSIS
  • 1820 Brooke Ln Fullerton, CA 2
    • 3 beds 3 baths ∙ 2,469 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,469 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.45
    •  
  • 1851 Chantilly Lane Fullerton, CA 1
    • 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1988
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,425
    • $1.53
    •  
  • 2200 Heritage Way Fullerton, CA 3
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1980
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.68
    •  
  • 2270 Pickwick Place Fullerton, CA 4
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1980
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.74
    •  
  • 2565 Crown Way Fullerton, CA 5
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1977
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.60
    •  
PROPERTY LISTING DETAILS
Miran Hong
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20262975
Last Updated: 12/30/2020
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