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2159 N Pami Circle Orange, CA 92867

4 Beds 1 Baths 1,980 sqft Built 1976

$805,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $406.57
  • 3 Days on Market
  • MLS # : PW21015097
  • Updated Date : 02/05/2021 at 08:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,980 sqft
  • Baths : 1 full
Listing Agent

Real Estate Legends Usa

Listing Agent's Description

Yes a sale has opened up in Pami Circle. Upgraded Landscape in Front of home. Newer garage door and stamped concrete driveway and patio. New front doors with glass insets takes you into a beautiful Living room with crown molding and upgraded light fixtures. Notice the built in cabinetry and wood floors and Turkish stone tile that runs into the kitchen. Wine rack and granite selves built into breakfast area. All stainless steel appliances less than four years old with all granite counter tops and a movable granite island in center of the kitchen. Beautiful cabinets in Breakfast Nook. Lets go outside to a entertainment paradise, bar, flats screen mounts fireplace and refrigerators with awning over head make it a perfect place to entertain. All flower beds have sprinklers. Flowerbeds in front of home are on timers. All bedrooms have full mirror closet doors. Master bedroom down stairs. Bathrooms upstairs and down have been remodeled with granite counter tops and new sinks and title and paint. There is a second patio upstairs over garage with Mountain views. Two of the three bedrooms upstairs have been upgraded to a LARGE OFFICE that can be Change back into a bedrooms again if necessary. Wood floors and Crown molding upstairs as nice as the first floor. Common area Pool and Jacuzzi and Cabana right out your back gate. Roof title less than 5 years old. Garage has a lot of storage cabinets, floors have epoxy paint hardwired for TV and a large workbench.

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

Neighborhood: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $260k1027k

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

Neighborhood: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $18634135

* 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
Serrano Elementary School Primary Regular 572 19 7
Serrano Elementary School Middle Regular 572 19 7
Villa Park High School High Regular 2,475 89 8

Serrano Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 19
7
GreatSchools Rating

Serrano Elementary School

  • Education Level: Middle
  • # of students: 572
  • # of teachers: 19
7
GreatSchools Rating

Villa Park High School

  • Education Level: High
  • # of students: 2,475
  • # of teachers: 89
8
GreatSchools Rating
 

$724,500$885,500$805,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$2,796
Property Tax -$788
Property Insurance -$74
HOA -$230
Property Management Fees -$173
CASH FLOW
-$521

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$805,000

PROJECTED PRICE

$3,540

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$219,075

INVESTMENT

$219,075

Down Payment
$201,250
Rehab Estimate
$5,750
Closing Costs
$12,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,796

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $201,250
Loan Amount $603,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$12,913

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,540

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $3,549

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,3953$3,5004$3,5405$3,800
$3,800
RENT COMPS ANALYSIS
  • 2159 N Pami Circle Orange, CA 4
    • 4 beds 1 baths ∙ 1,980 Sqft ∙ Built 1976 4 beds 1 baths ∙ 1,980 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,540
    • $1.79
    •  
  • 1735 N Lincoln Street Orange, CA 1
    • 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1962
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.75
    •  
  • 2051 N Mori Lane Orange, CA 2
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1964
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.79
    •  
  • 2535 E Vista Point Drive Orange, CA 3
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.83
    •  
  • 2335 E Trenton Ave Orange, CA 5
    • 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 1963 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 1963
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.80
    •  
PROPERTY LISTING DETAILS
Mark Brandenburger
Real Estate Legends Usa
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21015097
Last Updated: 02/05/2021
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