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2020 W W West Wind Santa Ana, CA 92704

3 Beds 2 Baths 1,248 sqft Built 1975

INVESTimate

$640,000

List Price

$2,810

$2,560 - $3,060

Rent Est.

$692,672  ( +8.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $512.82
  • 6 Days on Market
  • MLS # : OC20171453
  • Updated Date : 08/23/2020 at 10:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

First Team Estates

Listing Agent's Description

Want to breathe the attractiveness and the serene living of South Coast Shores, a distinguished gated oasis of peace in the midst of a vibrant urban area? Rarely on the market, this appealing 3BDR single-level model offers you exactly that! With an open floor plan with vaulted ceilings, the spacey living room is highlighted by a centrally positioned and elegant fireplace. Upgrades such as granite counter-tops in the kitchen and bathrooms, newer windows and AC new paint , new carpet and recently installed floors are but a few of the many bonuses. All rooms are bright and this home comes with a private enclosed patio ideal for entertainment and an oversized attached 2 car garage. Immersed in a lavish landscape surrounding a deep blue 1.3 acre lake, this property is ideally close to theaters, award winning schools (Greenville), to the Performing Arts Center, to world renowned South Coast Plaza Mall, several prominent restaurants and to main freeways such as 405, 73, & 55. Once you familiarize with the serenity of this dwelling with its generous green belts and its pool and spa overlooking the grand lake, you know you have found it all!

SEE MORE

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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

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
 

$576,000$704,000$640,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,361
Property Tax -$677
Property Insurance -$57
HOA -$380
Property Management Fees -$138
CASH FLOW
-$804

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.

$640,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 8.23%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$718

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $2.25

    LIST RENT PER SQFT
  • $2,515

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,8003$2,8104$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 2020 W W West Wind Santa Ana, 3
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $2.25
    •  
  • 2501 W Sunflower Avenue Santa Ana, 1
    • 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1970
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.98
    •  
  • 2222 W Chandler Avenue Santa Ana, 2
    • 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1974
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.03
    •  
  • 628 Rhine Lane Costa Mesa, 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1976
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.98
    •  
  • 3281 Colorado Lane Costa Mesa, 5
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1960
    LEASED 04/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.07
    •  
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 #: OC20171453
Last Updated: 08/23/2020
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