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2215 N Santiago Boulevard Orange, CA 92867

4 Beds 4 Baths 2,699 sqft Built 1965

$1,100,000

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $407.56
  • 4 Days on Market
  • MLS # : TR21061212
  • Updated Date : 03/25/2021 at 14:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,699 sqft
  • Baths : 2 full , 2 half
Listing Agent

King Realty Group Inc

Listing Agent's Description

4 Bedroom/ 4 bath home in Orange County on a half acre!!! Great school district. Developers, contractors, investors, and large families looking for lots of land will love this property! Room for an ADU and a pool! Put in your own touches!!! This property is on public sewer!!! Enjoy the lush landscape and healthy fruit trees. For all you animal lovers this property is zoned for two horses. Close to Santiago Regional Park, shopping, restaurants and convenient freeway access. This one won’t last!

SEE MORE

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

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
Cerro Villa Middle School Middle Regular 1,028 40 6
Villa Park High School High Regular 2,475 89 8

Cerro Villa Middle School

  • Education Level: Middle
  • # of students: 1,028
  • # of teachers: 40
6
GreatSchools Rating

Villa Park High School

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

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$3,821
Property Tax -$970
Property Insurance -$91
Property Management Fees -$194
CASH FLOW
-$1,125

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.

$1,100,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.36%

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$4,231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $4,332

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,8003$3,9504$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 2215 N Santiago Boulevard Orange, CA 3
    • 4 beds 4 baths ∙ 2,699 Sqft ∙ Built 1965 4 beds 4 baths ∙ 2,699 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.46
    •  
  • 2944 E Chapel Hill Road Orange, CA 1
    • 3 beds 2 baths ∙ 2,386 Sqft ∙ Built 1965 3 beds 2 baths ∙ 2,386 Sqft ∙ Built 1965
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.51
    •  
  • 3406 E Alderly Lane Orange, CA 2
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1983
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.52
    •  
  • 3304 E Meadowridge Road Orange, CA 4
    • 3 beds 3 baths ∙ 2,652 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,652 Sqft ∙ Built 1978
    property image
    LEASED 03/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.70
    •  
  • 3007 E Echo Hill Way Orange, CA 5
    • 5 beds 4 baths ∙ 2,655 Sqft ∙ Built 1965 5 beds 4 baths ∙ 2,655 Sqft ∙ Built 1965
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.69
    •  
PROPERTY LISTING DETAILS
Brenda Maleskey
King Realty Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21061212
Last Updated: 03/25/2021
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