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195 N Quail Lane Orange, CA 92869

4 Beds 3 Baths 2,839 sqft Built 1978

$969,900

List Price

$3,920

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $341.63
  • 7 Days on Market
  • MLS # : PW21020594
  • Updated Date : 02/05/2021 at 17:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,839 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Stunning 4bedroom 3bathroom home located in one of the most desirable areas in the Orange Park Community. As you drive up to this beautiful home you will notice the curb appeal and well manicured landscape. The custom driveway and walkway are designed with interlocking pavers which leads you to a gorgeous custom double door entry. As you enter through the doors and step into the foyer you are greeted by a breathtaking well designed open floor plan with custom floors, vaulted ceilings and a dramatic spiral stair case. This completely remodeled home provides a formal family room, dining area, bonus room / office, laundry and powder bath. Once you make your way through the hall you are greeted by an impressive living room with custom paint, baseboards, wet-bar and fireplace. The Chefs kitchen is just simply beautiful! With the custom paint ,granite counter tops, custom cabinets, custom flooring, spice rack, custom sink and stainless steel appliances...you will enjoy cooking for family. The french sliders leads to the back yard which is a slice of paradise. It has a private covered patio, fenced yard with low maintenance land scape, mango tree, chinese apple tree, papaya, and many more. Upon retreating to the master suite , you will enjoy a step up bonus area, fireplace, ceiling fan, luxuries spa like bathroom and walk-in closet. All bedrooms are a nice size with ceiling fans and plenty of closet space. Located near the orange mining restaurant, frwy, shopping and entertainment

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: Orange Park Acres

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $260k922k

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

Neighborhood: Orange Park Acres

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18633900

* 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
Santiago Middle School Middle Charter 967 38 5
El Modena High School High Regular 2,196 89 7
Santiago Middle School Middle Unknown NA

Santiago Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 38
5
GreatSchools Rating

El Modena High School

  • Education Level: High
  • # of students: 2,196
  • # of teachers: 89
7
GreatSchools Rating

Santiago Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$872,910$1,066,890$969,900

PURCHASE PRICE

$3,528$4,312$3,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,920
EXPENSES Loan Payment -$3,369
Property Tax -$939
Property Insurance -$94
Property Management Fees -$192
CASH FLOW
-$674

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.

$969,900

PROJECTED PRICE

$3,920

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$262,774

INVESTMENT

$262,774

Down Payment
$242,475
Rehab Estimate
$5,750
Closing Costs
$14,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,369

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $242,475
Loan Amount $727,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$14,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,920

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $4,251

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,9203$3,9954$4,0005$4,600
$4,600
RENT COMPS ANALYSIS
  • 195 N Quail Lane Orange, CA 2
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $3,920
    • $1.38
    •  
  • 7618 E Appaloosa Trail Orange, CA 1
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1976
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.42
    •  
  • 13591 Woodglen Drive Santa Ana, CA 3
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 1967
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.45
    •  
  • 861 N Red Robin Street Orange, CA 4
    • 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
    •  
  • 12751 Panorama View North Tustin, CA 5
    • 4 beds 3 baths ∙ 2,831 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,831 Sqft ∙ Built 1965
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.62
    •  
PROPERTY LISTING DETAILS
Yolanda Kelly Williams
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21020594
Last Updated: 02/05/2021
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