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2278 Via Ingreso Fullerton, CA 92833

4 Beds 2 Baths 1,871 sqft Built 1964

INVESTimate

$825,000

List Price

$3,330

$3,080 - $3,580

Rent Est.

$869,385  ( +5.38%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $440.94
  • 6 Days on Market
  • MLS # : 820003352
  • Updated Date : 08/21/2020 at 12:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,871 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This beautiful mid-century single level home is the perfect location for so many reasons. Situated in the desirable area of Sunny Hills this 4 bedroom, two bathroom home is located on a 9,540 sq foot lot. As you walk into your gated private atrium you'll step through your double doors that lead to your formal entry. The dining area and formal living room are expansive, have crown molding, views to the outside and the living room has a gas fireplace. The updated kitchen has an abundance of counter space, storage, custom cabinetry, recessed lighting and also features views to your backyard. Off of the kitchen is a breakfast nook which features crown molding. Whether it's watching a movie or you end up using it for a home office or home classroom this large family room will give you many options. The 3 bedrooms are large and near the large second bathroom.The main bedroom en-suite is expansive and features two large closets. The bathroom features dual sinks, two granite countertops, and tile floor. This home sits on a hilltop with city lights and Disneyland fireworks views. Close to award winning schools, eateries, parks and much much more! Welcome home.

SEE MORE

MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

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
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$3,044
Property Tax -$811
Property Insurance -$72
Property Management Fees -$163
CASH FLOW
-$761

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.

$825,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.38%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$9,880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $3,368

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,3004$3,3305$3,350
$3,350
RENT COMPS ANALYSIS
  • 2278 Via Ingreso Fullerton, 4
    • 4 beds 2 baths ∙ 1,871 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,871 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $1.78
    •  
  • 2219 Ardemore Drive Fullerton, 1
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1981
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.83
    •  
  • 1909 Calle Candela Fullerton, 2
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1964
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.83
    •  
  • 1644 Camden Place Fullerton, 3
    • 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 1977
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.65
    •  
  • 2218 Heritage Way Fullerton, 5
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1980
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.89
    •  
PROPERTY LISTING DETAILS
Sylvia Vega
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 820003352
Last Updated: 08/21/2020
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