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2018 W West Wind Santa Ana, CA 92704

3 Beds 2 Baths 1,992 sqft Built 1975

$775,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $389.06
  • 4 Days on Market
  • MLS # : OC20236580
  • Updated Date : 11/13/2020 at 05:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,992 sqft
  • Baths : 2 full
Listing Agent

First Team Estates

Listing Agent's Description

This distinctive dwelling is located in the hidden gated paradise of South Coast Shores, South Coast Metro's best kept secret. As one of the largest models in the complex it features an exceptionally bright and welcoming open floor plan with high ceilings, an engaging living room with central fire place, 3 remarkably large bedrooms (2 masters) and a huge family/bonus room with balcony upstairs. This property’s appeal is emphasized by new designer colors and carpet, newer dual pained windows, recessed lighting, a private patio for outdoor entertainment and an oversized conveniently attached 2 car garage. This actually offers an infrequent opening to live in a dazzling lake-resort style gated community in the heart of an important urban area! The community's lavish landscape surrounds a deep blue 1.3 acre central lake, seconds from internationally known South Coast Plaza, the Orange County Performing art center, several renowned restaurants and from main freeways such as 405, 55 & 73

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: Armstrong

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $186k742k

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

Neighborhood: Armstrong

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
Greenville Fundamental Elementary School Primary Regular 1,070 37 5
Mcfadden Intermediate School Middle Regular 1,374 55 3
Segerstrom High School High Regular 2,544 83 7

Greenville Fundamental Elementary School

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 37
5
GreatSchools Rating

Mcfadden Intermediate School

  • Education Level: Middle
  • # of students: 1,374
  • # of teachers: 55
3
GreatSchools Rating

Segerstrom High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 83
7
GreatSchools Rating
 

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

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$2,859
Property Tax -$820
Property Insurance -$75
HOA -$380
Property Management Fees -$164
CASH FLOW
-$949

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

$3,350

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 8.2%
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

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 70% 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

0.42

YEARS SAVED

$1,192

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $3,690

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,3504$3,5005$3,875
$3,875
RENT COMPS ANALYSIS
  • 2018 W West Wind Santa Ana, CA 3
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.68
    •  
  • 3444 Plumeria Place Costa Mesa, CA 1
    • 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1973
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.81
    •  
  • 1106 W Garry Avenue Santa Ana, CA 2
    • 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 1977
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.80
    •  
  • 3298 Turlock Drive Costa Mesa, CA 4
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1973
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.86
    •  
  • 996 Azalea Drive Costa Mesa, CA 5
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1973
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,875
    • $1.94
    •  
PROPERTY LISTING DETAILS
Maurizio Bertoldi
First Team Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20236580
Last Updated: 11/13/2020
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