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1949 N Warbler Place Orange, CA 92867

5 Beds 1 Baths 3,000 sqft Built 1965

$1,249,998

List Price

$4,240

$4K - $4.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $416.67
  • 5 Days on Market
  • MLS # : PW21022866
  • Updated Date : 02/06/2021 at 14:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,000 sqft
  • Baths : 1 full
Listing Agent

Pacific Legacy R.e. & Inv, Inc

Listing Agent's Description

Gorgeous, remodeled home in the highly desired Meredith Acres. 5 Bedrooms. 3 Bathrooms. Shows like a model home. STUNNING kitchen featuring quartz countertops, custom full wall backsplash, large island, professional fridge and cooktop, and stainless-steel appliances. Two master bedrooms. Downstairs master bedroom and bath. Beautiful, remodeled bathrooms. Huge backyard with lush landscaping and private gazebo. Private location at end of cul-de-sac. Hurry this won’t last long!

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

Zip Code: 92867

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k813k

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

Zip Code: 92867

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600Rent in $18443604

* 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
Cerro Villa Middle School Middle Regular 1,028 40 6
Villa Park High School High Regular 2,475 89 8

Cerro Villa Middle School

  • Education Level: Middle
  • # of students: 1,028
  • # of teachers: 40
6
GreatSchools Rating

Villa Park High School

  • Education Level: High
  • # of students: 2,475
  • # of teachers: 89
8
GreatSchools Rating
 

$1,124,998$1,374,998$1,249,998

PURCHASE PRICE

$3,816$4,664$4,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,240
EXPENSES Loan Payment -$4,342
Property Tax -$1,149
Property Insurance -$98
Property Management Fees -$208
CASH FLOW
-$1,557

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.

$1,249,998

PROJECTED PRICE

$4,240

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.1%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$336,999

INVESTMENT

$336,999

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,499
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,240

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $4,230

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,0003$4,2404$4,500
$4,500
RENT COMPS ANALYSIS
  • 1949 N Warbler Place Orange, CA 3
    • 5 beds 1 baths ∙ 3,000 Sqft ∙ Built 1965 5 beds 1 baths ∙ 3,000 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $4,240
    • $1.41
    •  
  • 451 S Wishing Well Lane Anaheim Hills, CA 1
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1983
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.28
    •  
  • 861 N Red Robin Street Orange, CA 2
    • 4 beds 2 baths ∙ 2,665 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,665 Sqft ∙ Built 1979
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.50
    •  
  • 5171 E Cavendish Lane Anaheim Hills, CA 4
    • 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 1978 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 1978
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.45
    •  
PROPERTY LISTING DETAILS
Kirt Olson
Pacific Legacy R.e. & Inv, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21022866
Last Updated: 02/06/2021
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