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19 Soaring Hawk Irvine, CA 92614

4 Beds 3 Baths 1,887 sqft Built 1984

INVESTimate

$970,000

List Price

$3,770

$3,520 - $4,020

Rent Est.

$1,016,851  ( +4.83%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $514.04
  • 2 Days on Market
  • MLS # : OC20174682
  • Updated Date : 08/25/2020 at 13:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,887 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dalton Real Estate

Listing Agent's Description

Completely Remodeled 4 BR in Woodbridge. New landscaping, siding, exterior paint, entry door, smart-lock and security camera system. Entry features an open floor plan, beautiful wood flooring and marble entry, soaring vaulted ceiling, and lots of natural light. Downstairs has separate dining and living areas. Kitchen has upgraded cabinets, granite counters, water filtration system, stainless steel appliances & refrigerator and opens to the family room, which offers many windows and natural light - overlooking the spacious backyard. The entire interior has been painted (Sherwin Williams "Repose Grey"). The Master Suite features high ceilings, en-suite bathroom with granite countertops, dual sinks, and a generously-sized / upgraded tile shower. Three well-sized secondary bedrooms, with lots of light throughout, which share additional upstairs bathroom. Other upgrades include; upgraded premium vinyl windows and sliding door, all-new LED Canned Lighting, electrical outlets, with built-in USB charging in every room. 2-car garage contains newer AC Unit and Water Heater, Electric Vehicle Charging Outlet and Huge New Rafter Storage Area (~10' X 20' X 5' H). Very private large backyard with no neighbor behind. Woodbridge amenities include 2 lakes, sand beach lagoons, boating & fishing, 20 pools, 20+ tennis courts, playgrounds, parks, and family-friendly activities. Excellent schools all within a short distance.

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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodbridge

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $261k943k

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

Neighborhood: Woodbridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Meadow Park Elementary School Primary Regular 685 24 9
Meadow Park Elementary School Middle Regular 685 24 9
Woodbridge High School High Regular 2,480 82 10

Meadow Park Elementary School

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 24
9
GreatSchools Rating

Meadow Park Elementary School

  • Education Level: Middle
  • # of students: 685
  • # of teachers: 24
9
GreatSchools Rating

Woodbridge High School

  • Education Level: High
  • # of students: 2,480
  • # of teachers: 82
10
GreatSchools Rating
 

$873,000$1,067,000$970,000

PURCHASE PRICE

$3,393$4,147$3,770

RENT

DOWN PAYMENT
FINANCING

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,770
EXPENSES Loan Payment -$3,579
Property Tax -$881
Property Insurance -$73
HOA -$105
Property Management Fees -$185
CASH FLOW
-$1,052

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.

$970,000

PROJECTED PRICE

$3,770

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.83%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$262,800

INVESTMENT

$262,800

Down Payment
$242,500
Rehab Estimate
$5,750
Closing Costs
$14,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $242,500
Loan Amount $727,500
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$4,315

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,770

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $3,741

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6003$3,7004$3,7705$3,900
$3,900
RENT COMPS ANALYSIS
  • 19 Soaring Hawk Irvine, 4
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $3,770
    • $2.00
    •  
  • 11 Del Perlatto Irvine, 1
    • 3 beds 3 baths ∙ 1,762 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,762 Sqft ∙ Built 1987
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.99
    •  
  • 36 Summerwind Irvine, 2
    • 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1981
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.95
    •  
  • 4 Soaring Hawk Irvine, 3
    • 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1984
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.92
    •  
  • 10 Soaring Hawk Irvine, 5
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1984
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.07
    •  
PROPERTY LISTING DETAILS
Emmett Dalton
Dalton Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20174682
Last Updated: 08/25/2020
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