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2021 Vista Del Rosa Fullerton, CA 92831

3 Beds 3 Baths 2,096 sqft Built 1974

INVESTimate

$628,000

List Price

$3,100

$2,850 - $3,350

Rent Est.

$665,743  ( +6.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $299.62
  • 3 Days on Market
  • MLS # : WS20173742
  • Updated Date : 08/24/2020 at 14:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,096 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home Times Realty

Listing Agent's Description

THE BEAUTIFUL END UNIT HOME WITH VIEW, YOU AND YOUR FAMILY WILL SIT ON THE BALCONY ENJOY THE CITY LIGHTS VIEW AND DISNEYLAND FIREWORKS AT HOME. UPGRADED KITCHEN CABINETS, COUNTERS AND FLOORS. FORMAL DINNING ROOM, LIVING ROOM WITH FIREPLACE. UPGRADED BATHROOMS, SEPARATE LAUNDRY ROOM INSIDE THE PROPERTY. THE TWO VERY SPACIOUS BEDROOMS ARE DOWN STAIRS, BOTH HAVE LARGE WALK-IN CLOSETS. MID-LEVEL ROOM COULD BE USE AS AN OFFICE, FAMILY ROOM, PLAYROOM OR A BEDROOM. THIS HOME HAS A TWO CAR ATTACHED GARAGE WITH DIRECT ACCESS AND PLANT OF STORAGE OVERHEAD PLUS DRIVEWAY. THE COMPLEX IS VERY QUIET AND HAS PLENTY OF GUEST PARKING. HOA DUES PAY FOR WATER, TRASH, CABLE AND LANDSCAPING. COMMUNITY FEATURING INCLUDED POOL, SPA, TENNIS COURT AND CLUBHOUSE. WALKING DISTANCE TO BEAUTIFUL COYOTE HILLS GOLF, NEAR BREA MALL, CSUF, TROY HIGH SCHOOL, MOMENTS AWAY FROM FREEWAY AND MUCH MORE!

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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

Zip Code: 92831

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92831

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $16253345

* 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
Rolling Hills Elementary School Primary Regular 745 26 6
Ladera Vista Junior High School Middle Magnet 823 34 6
Troy High School High Magnet 2,764 102 10

Rolling Hills Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 26
6
GreatSchools Rating

Ladera Vista Junior High School

  • Education Level: Middle
  • # of students: 823
  • # of teachers: 34
6
GreatSchools Rating

Troy High School

  • Education Level: High
  • # of students: 2,764
  • # of teachers: 102
10
GreatSchools Rating
 

$565,200$690,800$628,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,317
Property Tax -$626
Property Insurance -$78
HOA -$448
Property Management Fees -$152
CASH FLOW
-$521

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.

$628,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.01%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,170

INVESTMENT

$172,170

Down Payment
$157,000
Rehab Estimate
$5,750
Closing Costs
$9,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,000
Loan Amount $471,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $3,375

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,0003$3,1004$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 2021 Vista Del Rosa Fullerton, 3
    • 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.48
    •  
  • 2717 Craig Circle Fullerton, 1
    • 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 1975
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.51
    •  
  • 2140 Mendocino Street Fullerton, 2
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 1990
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.52
    •  
  • 624 Maertin Lane Fullerton, 4
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1955
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.68
    •  
  • 1233 Riedel Avenue Fullerton, 5
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1956
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.73
    •  
PROPERTY LISTING DETAILS
Zhen Liang
Home Times Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20173742
Last Updated: 08/24/2020
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