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PROPERTY INFO
FACTS
- Single Family
- Built In 1923
- Price/Sqft : $493.92
- 6 Days on Market
- MLS # : PW21012336
- Updated Date : 01/19/2021 at 18:56
CONSTRUCTION
- Beds : 4
- Floor Size : 1,417 sqft
- Baths : 2 full
Listing Agent
All In One Real Estate
Listing Agent's Description
Welcome to a home that has it all a breathtaking curb appeal , the perfect location a spacious layout and a five car driveway plus a 2 car garage its a absolute gem sitting in the heart of Santa Ana what more can you ask for . This beautiful 4 bed 2 1/4 bath is 2 miles away from South Coast Plaza , close to schools , shopping centers , parks and freeways you have the perfect location while still living in a beautiful and calm neighborhood . New floors , new windows , new kitchen new everything . This home has 4 spacious bedrooms with a huge laundry room along with 2 1/4 baths with beautiful title in each bathroom along with a huge front and backyard .
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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: Bristol Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bristol Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,150 |
| EXPENSES | Loan Payment | -$2,431 |
| Property Tax | -$723 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$154 | |
|
CASH FLOW
-$220
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$699,888
PROJECTED PRICE
$3,150
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 8.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.35% |
| 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
$191,220
LOAN DETAILS
$2,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $174,972 |
| Loan Amount | $524,916 |
4.67
YEARS SAVED
$34,094
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,150
LIST RENT -
$2.22
LIST RENT PER SQFT
-
$2,983
COMP ESTIMATED VALUE -
$2.11
COMP AVG. RENT PER SQFT
Comps Range
-
1906 S Van Ness Avenue Santa Ana, CA 3
- 4 beds 2 baths ∙ 1,417 Sqft ∙ Built 1923 4 beds 2 baths ∙ 1,417 Sqft ∙ Built 1923
![property image]()
- Rent
- Rent Per SQFT
- $3,150
- $2.22
-
335 Beverly Place Santa Ana, CA 1
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1924 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1924
![property image]()
LEASED 12/21/20- Rent
- Rent Per SQFT
- $2,495
- $1.92
-
621 E Myrtle Street Santa Ana, CA 2
- 4 beds 1 baths ∙ 1,341 Sqft ∙ Built 1922 4 beds 1 baths ∙ 1,341 Sqft ∙ Built 1922
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $3,075
- $2.29
PROPERTY LISTING DETAILS
All In One Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21012336
Last Updated: 01/19/2021
