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2111 S Ross Street Santa Ana, CA 92707

3 Beds 2 Baths 1,446 sqft Built 1948

$675,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $466.80
  • 4 Days on Market
  • MLS # : PW21150607
  • Updated Date : 07/10/2021 at 10:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,446 sqft
  • Baths : 2 full
Listing Agent

Camino Real Investments

Listing Agent's Description

House in a very quiet area of South Santa Ana, close to the park, business, transportation, Main Street with a nice front and back Yard, concrete Patio, Driveway, Detached garage, Concrete brick Fence all around, back addition with City Permit with separate entrance, tile floor, exhaust Fan every room, another additional room attached to the Garage with City Permit, all good size rooms, 2 full baths, separate family room and big open kitchen, is a perfect house for a big family or a regular family with a rental option, first Time buyers or investors are welcome, you must see it

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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]

PRICE & RENT TRENDS

Neighborhood: Bristol Manor

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $179k742k

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

Neighborhood: Bristol Manor

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $14043345

* 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
Manuel Esqueda Elementary School Primary Regular 1,270 43 2
Mcfadden Intermediate School Middle Regular 1,374 55 3
Saddleback High School High Regular 1,690 78 5

Manuel Esqueda Elementary School

  • Education Level: Primary
  • # of students: 1,270
  • # of teachers: 43
2
GreatSchools Rating

Mcfadden Intermediate School

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

Saddleback High School

  • Education Level: High
  • # of students: 1,690
  • # of teachers: 78
5
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,345
Property Tax -$697
Property Insurance -$62
Property Management Fees -$151
CASH FLOW
-$165

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$675,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$37,085

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $2.14

    LIST RENT PER SQFT
  • $3,098

    COMP ESTIMATED VALUE
  • $2.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7003$2,8404$3,0905$3,275
$3,275
RENT COMPS ANALYSIS
  • 2111 S Ross Street Santa Ana, CA 4
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $2.14
    •  
  • 316 E Walnut Street Santa Ana, CA 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1960
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.04
    •  
  • 720 W Saint Gertrude Place Santa Ana, CA 2
    • 3 beds 2 baths ∙ 1,285 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,285 Sqft ∙ Built 1948
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.10
    •  
  • 1117 Halladay Santa Ana, CA 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1955
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $2.37
    •  
  • 1510 W Flora Street Santa Ana, CA 5
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 1965
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $2.06
    •  
PROPERTY LISTING DETAILS
Richard Montes
Camino Real Investments
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21150607
Last Updated: 07/10/2021
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