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2306 Laird Street Santa Ana, CA 92706

4 Beds 2 Baths 1,896 sqft Built 1956

$774,900

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $408.70
  • 3 Days on Market
  • MLS # : PW20247377
  • Updated Date : 11/27/2020 at 11:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,896 sqft
  • Baths : 2 full
Listing Agent

Saigon Realty

Listing Agent's Description

Welcome to remodel home in the quiet neighbor features 4 bedrooms and 3 bathrooms, 2 car garage direct access into the house. 1,896 living square feet and big lot 7,820 square feet, big backyard can build an ADU or a mother in law house. Newly paint in and out, new laminate floor, new double panel patio door and windows. Reset lighting bring natural daylight inside the home. Kitchen with quartz counter top, new gas range and hood. Big living room with patio door leads to a big cover patio on the side. The house has huge bonus room/studio or family room. Etc.… It’s near major freeway 22,5,55. This house has a lot of potential and will be a sweet home for first time buyers and / or investor makes profit. Welcome to show it.

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

Neighborhood: Trask Fairview

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $205k742k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Trask Fairview

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
Riverdale Elementary School Primary Regular 580 21 6
Doig Intermediate School Middle Regular 856 31 6
Santiago High School High Regular 2,214 87 6

Riverdale Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 21
6
GreatSchools Rating

Doig Intermediate School

  • Education Level: Middle
  • # of students: 856
  • # of teachers: 31
6
GreatSchools Rating

Santiago High School

  • Education Level: High
  • # of students: 2,214
  • # of teachers: 87
6
GreatSchools Rating
 

$697,410$852,390$774,900

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,859
Property Tax -$788
Property Insurance -$73
Property Management Fees -$151
CASH FLOW
-$782

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$774,900

PROJECTED PRICE

$3,090

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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

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$211,099

INVESTMENT

$211,099

Down Payment
$193,725
Rehab Estimate
$5,750
Closing Costs
$11,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,725
Loan Amount $581,175
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,332

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,124

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7503$2,8754$3,0905$3,600
$3,600
RENT COMPS ANALYSIS
  • 2306 Laird Street Santa Ana, CA 4
    • 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.63
    •  
  • 13461 Heather Circle Garden Grove, CA 1
    • 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 1964
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.42
    •  
  • 12172 Flint Circle Garden Grove, CA 2
    • 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 1964
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.65
    •  
  • 12101 Flagstone Avenue Garden Grove, CA 3
    • 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1966
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.68
    •  
  • 1948 N Baker Street Santa Ana, CA 5
    • 4 beds 1 baths ∙ 1,961 Sqft ∙ Built 1959 4 beds 1 baths ∙ 1,961 Sqft ∙ Built 1959
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.84
    •  
PROPERTY LISTING DETAILS
Charles Vo
Saigon Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20247377
Last Updated: 11/27/2020
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