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2013 N Williams Street Santa Ana, CA 92705

4 Beds 2 Baths 1,738 sqft Built 1968

$775,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $445.91
  • 3 Days on Market
  • MLS # : PW20251463
  • Updated Date : 12/05/2020 at 19:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,738 sqft
  • Baths : 2 full
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

Located on a quiet street sits this highly desired single-story home with 4-bedrooms and 2-bathrooms. Arriving, you are greeted by a well-maintained lawn leading you through double doors into a light, bright and airy home! This spacious floor plan features a living room with a cozy floor to ceiling fireplace and an adjoining dining room creating an open concept feel. The bright kitchen offers ample counter and cabinet space, recessed lighting and overlooks the family room showcasing a dramatic vaulted ceiling. The spacious master bedroom includes a walk-in closet and a beautifully remodeled bathroom showcasing double custom sinks and a walk-in shower. With 3 additional bedrooms this charming home is ideal for everyday living or work from home opportunities. A large slider located off the family room pulls in plenty of natural light and opens to the backyard creating the perfect place to entertain family and friends. Additional upgrades include dual pane windows, plantation shutters, newer roof, newer air conditioning unit and fresh interior and exterior paint. We ease of access to great Tustin schools, trails, parks, freeways, shopping and restaurants this home is perfect for anyone to enjoy! BEDS: 4 BATHS: 2 SQFT: 1738

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: Meredith Parkwood

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $205k742k

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

Neighborhood: Meredith Parkwood

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $16013345

* 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
Loma Vista Elementary School Primary Regular 540 19 5
Hewes Middle School Middle Regular 958 32 8
Foothill High School High Regular 2,526 94 9

Loma Vista Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 19
5
GreatSchools Rating

Hewes Middle School

  • Education Level: Middle
  • # of students: 958
  • # of teachers: 32
8
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 94
9
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,859
Property Tax -$830
Property Insurance -$69
Property Management Fees -$157
CASH FLOW
-$715

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.

$775,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 11.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,910

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $3,254

    COMP ESTIMATED VALUE
  • $1.87

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,2954$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 2013 N Williams Street Santa Ana, CA 1
    • 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.84
    •  
  • 13102 Marshall Lane Tustin, CA 2
    • 4 beds 2 baths ∙ 1,747 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,747 Sqft ∙ Built 1976
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.86
    •  
  • 913 Mirasol Street Santa Ana, CA 3
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1959
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.89
    •  
  • 1105 N Lyon Street Santa Ana, CA 4
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1955
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.80
    •  
  • 2425 N Linwood Avenue Santa Ana, CA 5
    • 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 1972
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.94
    •  
PROPERTY LISTING DETAILS
Angel Nicanor
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20251463
Last Updated: 12/05/2020
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