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2130 Sunny Ridge Place Fullerton, CA 92833

3 Beds 3 Baths 1,858 sqft Built 1981

$798,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $429.49
  • 4 Days on Market
  • MLS # : PW20238625
  • Updated Date : 11/14/2020 at 05:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full , 1 half
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Beautifully updated house in The Meadows Coyote Hills plan 2. Welcoming oak double entry doors lead into the spacious formal dining room and living rooms. High ceiling with cathedral detailing and granite covered fireplace. Open kitchen with upgraded premium cabinets, granite countertops, stainless steel appliances. Renovated under-mounted sink with modern faucets and recessed lighting. Breakfast bar travels into the family living room with easy access to the large backyard patio area, decorated with brick planters. Spacious master bedroom includes double mirrored closets. Upgraded master bath includes vanity and granite countertop sinks, and whirlpool tub with new tile surrounding. Guest bathrooms have all also been upgraded. Home has been renovated with no popcorn ceiling and beautiful laminate flooring throughout. Two car garage with long driveway. Short walk to inviting community spaces: pool, spa, basketball court, playground, and walking trails.

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

Zip Code: 92833

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $230k742k

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

Zip Code: 92833

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15703345

* 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
Sunset Lane Elementary School Primary Regular 793 26 8
D. Russell Parks Junior High School Middle Regular 1,050 32 8
Sonora High School High Regular 1,924 67 9

Sunset Lane Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 26
8
GreatSchools Rating

D. Russell Parks Junior High School

  • Education Level: Middle
  • # of students: 1,050
  • # of teachers: 32
8
GreatSchools Rating

Sonora High School

  • Education Level: High
  • # of students: 1,924
  • # of teachers: 67
9
GreatSchools Rating
 

$718,200$877,800$798,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,944
Property Tax -$777
Property Insurance -$72
HOA -$130
Property Management Fees -$150
CASH FLOW
-$1,013

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.

$798,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.4%
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$217,220

INVESTMENT

$217,220

Down Payment
$199,500
Rehab Estimate
$5,750
Closing Costs
$11,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,944

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,500
Loan Amount $598,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,187

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $3,289

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0603$3,1004$3,2005$3,350
$3,350
RENT COMPS ANALYSIS
  • 2130 Sunny Ridge Place Fullerton, CA 2
    • 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.65
    •  
  • 16326 Creekside Place La Mirada, CA 1
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1997
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.69
    •  
  • 13616 Kellwood Court La Mirada, CA 3
    • 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1997
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.67
    •  
  • 2219 Ardemore Drive Fullerton, CA 4
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1981
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.83
    •  
  • 2218 Heritage Way Fullerton, CA 5
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1980
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.89
    •  
PROPERTY LISTING DETAILS
Judy Jee
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20238625
Last Updated: 11/14/2020
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