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2109 Poinsettia Street Santa Ana, CA 92706

3 Beds 1 Baths 1,258 sqft Built 1950

$765,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $608.11
  • 3 Days on Market
  • MLS # : OC20260189
  • Updated Date : 12/18/2020 at 18:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,258 sqft
  • Baths : 1 full
Listing Agent

First Team Estates

Listing Agent's Description

This charming Park Santiago home is an absolute must see. The open floorplan in the main living area makes it a great way to enjoy the home and entertain guests. The living room with oversized windows and plantation blinds allows a bright, open feeling and the availability of privacy if you would like to enjoy a night in with the always sought after stone and brick fireplace. An intimate dining space with tasteful French doors leading to the back porch. The kitchen has been updated with modern butcher block countertops, subway tile backsplash, tile flooring, and a custom Dutch door for an open view of the inviting and truly unique backyard! This backyard has it all: centerpiece tree straight out of a story book, fire pit with lounge chairs, chic outdoor dining space, chicken coop for all of your fresh egg needs, and still tons of yard space for pets or kids to run around. Even a built-in swing! Being only minutes from DownTown Santa Ana, the Orange Circle, major freeways, and airports. The quiet, tree lined street with community parks makes this home have it all.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Park Santiago

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $205k742k

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

Neighborhood: Park Santiago

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
Herbert Hoover Elementary School Primary Regular 437 17 4
Raymond A. Villa Fundamental Intermediate School Middle Regular 1,348 46 3
Santa Ana High School High Regular 2,741 110 3

Herbert Hoover Elementary School

  • Education Level: Primary
  • # of students: 437
  • # of teachers: 17
4
GreatSchools Rating

Raymond A. Villa Fundamental Intermediate School

  • Education Level: Middle
  • # of students: 1,348
  • # of teachers: 46
3
GreatSchools Rating

Santa Ana High School

  • Education Level: High
  • # of students: 2,741
  • # of teachers: 110
3
GreatSchools Rating
 

$688,500$841,500$765,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,823
Property Tax -$790
Property Insurance -$58
Property Management Fees -$137
CASH FLOW
-$1,017

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.

$765,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 7.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,823

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$770

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $2.22

    LIST RENT PER SQFT
  • $2,381

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7903$2,8004$2,9505$3,050
$3,050
RENT COMPS ANALYSIS
  • 2109 Poinsettia Street Santa Ana, CA 2
    • 3 beds 1 baths ∙ 1,258 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,258 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $2.22
    •  
  • 924 Dayna Street Santa Ana, CA 1
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1958
    property image
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.87
    •  
  • 800 E Van Bibber Avenue Orange, CA 3
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1963
    property image
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.83
    •  
  • 809 Grovemont Street Santa Ana, CA 4
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1952
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.85
    •  
  • 2379 N Flower Street Santa Ana, CA 5
    • 3 beds 1 baths ∙ 1,508 Sqft ∙ Built 1937 3 beds 1 baths ∙ 1,508 Sqft ∙ Built 1937
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $2.02
    •  
PROPERTY LISTING DETAILS
Daniel Pirz
First Team Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20260189
Last Updated: 12/18/2020
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