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2186 Baywood Drive Fullerton, CA 92833

3 Beds 2 Baths 1,483 sqft Built 1981

$780,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $525.96
  • 5 Days on Market
  • MLS # : PW20258673
  • Updated Date : 12/18/2020 at 22:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,483 sqft
  • Baths : 2 full
Listing Agent

New Star Realty & Investment

Listing Agent's Description

Truly a pride of ownership! Stunning single story located in the beautiful & popular Coyote Hills " Meadows" Community. Three bedrooms and two bathrooms: Double door entry, upon entering you will find a perfectly flowing floor plan with warm natural light, making it bright and airy. Open floor plan with vaulted ceiling, bamboo & tile flooring. Formal living room, comfortable family room with red brick fireplace. Remodeled kitchen with white cabinets, Quartz Counter-tops & stainless steel appliance. Elegant master suite with vaulted ceiling, ceiling fan, mirrored closet door, walk-in closet & big sliding door leading to private rear yard. Hallway bathroom has been upgraded. Peaceful & generous sized backyard for perfect outdoor entertaining. Direct access to the two car garage. Superb school district,close to Amerige Heights Shopping Center, restaurants, grocery markets & parks. Low association dues, community pool, spa, playgrounds and walking trails

SEE MORE

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

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
 

$702,000$858,000$780,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,878
Property Tax -$767
Property Insurance -$63
HOA -$130
Property Management Fees -$144
CASH FLOW
-$1,051

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.

$780,000

PROJECTED PRICE

$2,930

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-$20k-$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$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$550

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $2,940

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$2,9004$2,9305$3,100
$3,100
RENT COMPS ANALYSIS
  • 2186 Baywood Drive Fullerton, CA 4
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.98
    •  
  • 2322 Conejo Lane Fullerton, CA 1
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1973
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.00
    •  
  • 13823 Visions Drive La Mirada, CA 2
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1999
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.98
    •  
  • 2347 Applewood Circle Fullerton, CA 3
    • 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1982
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.01
    •  
  • 1234 Summersworth Place Fullerton, CA 5
    • 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1978
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.94
    •  
PROPERTY LISTING DETAILS
Jenny Bae
New Star Realty & Investment
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20258673
Last Updated: 12/18/2020
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