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2208 Via Caliente N Fullerton, CA 92833

5 Beds 1 Baths 2,605 sqft Built 1968

$925,000

List Price

$3,920

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $355.09
  • 6 Days on Market
  • MLS # : PW20232426
  • Updated Date : 11/03/2020 at 21:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,605 sqft
  • Baths : 1 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Light and bright. 5 bedrooms and a bonus room approximately 30X25 large enough for a dance studio music room movie theater, let your imagination go with this home. Enter in an open air atrium and relax next to the water fountain. Double entry door. This Open Floor plan has Living room and formal Dining room flow greatly together with a Fire Place. The kitchen boasts plenty of light wood cabinets with additional dining are all flows into the Family room surrounded by 3 sliding glass doors letting in a lot of light. One bedroom conveniently located on the fist level next to family room with a bathroom and shower next to it. Direct garage access to the enclosed 3 car garage with rollup garage doors. Spiral staircase leads to upstairs where easy living with 4 bedrooms and 1 and 3/4 bath. The master suite has a remodeled bathroom with lots of cabinets. The master closet has built in shelves and shoe storage. Master bedroom has city view. Views can also be enjoyed from various parts of the house. Relax in the Balcony that overlooks the atrium.

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MARKET HIGHLIGHTS

  • 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]
  • 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)

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
Sunny Hills High School High Regular 2,264 78 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

Sunny Hills High School

  • Education Level: High
  • # of students: 2,264
  • # of teachers: 78
9
GreatSchools Rating
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,528$4,312$3,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,920
EXPENSES Loan Payment -$3,413
Property Tax -$910
Property Insurance -$90
Property Management Fees -$192
CASH FLOW
-$685

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.

$925,000

PROJECTED PRICE

$3,920

PROJECTED RENT

0.42%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$19,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,920

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $4,159

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,6503$3,9204$4,000
$4,000
RENT COMPS ANALYSIS
  • 2208 Via Caliente N Fullerton, CA 3
    • 5 beds 1 baths ∙ 2,605 Sqft ∙ Built 1968 5 beds 1 baths ∙ 2,605 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $3,920
    • $1.50
    •  
  • 2618 Tarrytown Drive Fullerton, CA 1
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1977
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.46
    •  
  • 1239 Candlewood Drive Fullerton, CA 2
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1976
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.57
    •  
  • 2050 Domingo Road Fullerton, CA 4
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1957
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.76
    •  
PROPERTY LISTING DETAILS
Dimitra Kapogianis
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 #: PW20232426
Last Updated: 11/03/2020
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