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18790 Walnut Street Fountain Valley, CA 92708

4 Beds 2 Baths 1,446 sqft Built 1965

$924,900

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $639.63
  • 7 Days on Market
  • MLS # : OC20226641
  • Updated Date : 11/09/2020 at 12:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,446 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty N. Tustin

Listing Agent's Description

Highly upgraded and professionally designed modern single level four bedroom and two bath home located just minutes to the beach. This home has just gone through a complete remodel. Upgraded flooring, upgraded baseboards, new dual pane windows, new dual pane sliders and recessed lighting throughout the home. The kitchens offers stainless steel appliances, breakfast bar, upgraded stone counter tops, custom back splash and brand new custom cabinets. Highly desired open concept with the kitchen open to the dining area and family room which features a fireplace. Ample natural light flows through out the home. Master bedroom offers a highly upgraded en suite with modern touches including a glass enclosed walk in shower and vanity. Guest bath offers same modern touches as the master bath. The large backyard patio and grass area with mature trees is perfect for entertaining family and friends. Don't miss the two car garage with direct access to the kitchen. Nearby are great schools, entertainment, shopping and dining. Easy access to freeways and short drive to the beach. Walk to Cordata Park with multiple playsets, swings, picnic tables and basketball courts.

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
Roch Courreges Elementary School Primary Regular 667 24 10
Harry C. Fulton Middle School Middle Regular 797 31 10
Fountain Valley High School High Regular 3,704 127 9

Roch Courreges Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 24
10
GreatSchools Rating

Harry C. Fulton Middle School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 31
10
GreatSchools Rating

Fountain Valley High School

  • Education Level: High
  • # of students: 3,704
  • # of teachers: 127
9
GreatSchools Rating
 

$832,410$1,017,390$924,900

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,412
Property Tax -$910
Property Insurance -$62
Property Management Fees -$159
CASH FLOW
-$1,293

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.

$924,900

PROJECTED PRICE

$3,250

PROJECTED RENT

0.35%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$250,849

INVESTMENT

$250,849

Down Payment
$231,225
Rehab Estimate
$5,750
Closing Costs
$13,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,412

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,225
Loan Amount $693,675
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$517

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $2.25

    LIST RENT PER SQFT
  • $2,878

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,125
1$2,1252$2,9503$3,2004$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 18790 Walnut Street Fountain Valley, CA 5
    • 4 beds 2 baths ∙ 1,446 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,446 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.25
    •  
  • 19745 Inverness Lane Huntington Beach, CA 1
    • 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1964
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $1.89
    •  
  • 9109 Pelican Avenue Fountain Valley, CA 2
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1965
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.04
    •  
  • 18286 Santa Belinda Fountain Valley, CA 3
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1971
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.02
    •  
  • 18875 Deodar Street Fountain Valley, CA 4
    • 4 beds 2 baths ∙ 1,593 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,593 Sqft ∙ Built 1969
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
PROPERTY LISTING DETAILS
Shevy Akason
Keller Williams Realty N. Tustin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20226641
Last Updated: 11/09/2020
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