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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $591.49
- 5 Days on Market
- MLS # : PW21031206
- Updated Date : 02/17/2021 at 13:09
CONSTRUCTION
- Beds : 4
- Floor Size : 1,234 sqft
- Baths : 2 full
Listing Agent
Bhhs Ca Properties
Listing Agent's Description
Welcome to this delightful single story home, where charm and character abounds! Situated on a generous corner lot, a mature shade tree and meandering brick pathway creates a welcoming first impression. Once you enter into this home that has been freshly updated throughout, you will appreciate the updated warm feeling that makes it home. Soothing neutral wall tones throughout, the spacious living room enjoys double French doors that lead out to a large screened in covered patio that reminds you of Southern living. The newly remodeled kitchen boasts gleaming granite countertops and bright white shaker cabinetry, with convenient laundry and a casual dining niche just steps away. Hallway leads to four bedrooms and two bathrooms. Desirable upgrades include raised panel doors, energy efficient vinyl windows, cooling ceiling fans, and rich plantation shutters. The covered patio is ideal for relaxation and where you will want to spend most of your time looking out at the sprawling grassy lawn. Backyard is privately fenced, with direct access to the two car garage and even a matching storage shed awaits. Great location with quick access to the 55 freeway and plenty of restaurants. This home is affordably priced and move-in ready! Call today for your private showing!
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MARKET HIGHLIGHTS
- 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)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 92867
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92867
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,170 |
| EXPENSES | Loan Payment | -$2,535 |
| Property Tax | -$715 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$155 | |
|
CASH FLOW
-$291
|
||
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.
$729,900
PROJECTED PRICE
$3,170
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$199,174
LOAN DETAILS
$2,535
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $182,475 |
| Loan Amount | $547,425 |
3.83
YEARS SAVED
$26,405
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,170
LIST RENT -
$2.57
LIST RENT PER SQFT
-
$3,119
COMP ESTIMATED VALUE -
$2.53
COMP AVG. RENT PER SQFT
Comps Range
-
2211 E Orange Grove Avenue Orange, CA 2
- 4 beds 2 baths ∙ 1,234 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,234 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $3,170
- $2.57
-
166 N California Street Orange, CA 1
- 3 beds 1 baths ∙ 1,293 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,293 Sqft ∙ Built 1953
LEASED 08/10/20- Rent
- Rent Per SQFT
- $3,100
- $2.40
-
1431 E Maple Avenue Orange, CA 3
- 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1954
LEASED 07/20/20- Rent
- Rent Per SQFT
- $3,200
- $2.51
-
2516 E Monroe Avenue Orange, CA 4
- 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1959
LEASED 03/04/20- Rent
- Rent Per SQFT
- $3,550
- $2.58
-
1239 E Lomita Avenue Orange, CA 5
- 4 beds 2 baths ∙ 1,373 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,373 Sqft ∙ Built 1957
LEASED 12/19/20- Rent
- Rent Per SQFT
- $3,600
- $2.62
PROPERTY LISTING DETAILS
Bhhs Ca Properties
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21031206
Last Updated: 02/17/2021
