Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2381 N River Trail Road Orange, CA 92865

4 Beds 2 Baths 1,566 sqft Built 1980

$625,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $399.11
  • 3 Days on Market
  • MLS # : CV21000276
  • Updated Date : 01/02/2021 at 11:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,566 sqft
  • Baths : 2 full
Listing Agent

Re/max Top Producers

Listing Agent's Description

Rare opportunity to own in the well kept community of River Trail. House sits on the biggest lot in the community with one of the longer driveways. Inside you will find Four Bedrooms, Two Full Bathrooms. A recently, renovated kitchen with a Beautiful Bay window that allows plenty of light and a view of the lush greenery outside. The Master Bedroom boast a recently upgraded bathroom, three closets! A slider that leads to the patio and backyard. Newer flooring throughout as well as high quality double paned windows. In the center of the home sits an atrium giving this gem its' uniqueness, an outdoor/indoor feel as well as natural light. Community Amenities include a Pool, Spa and Playground. All surrounded by beautiful trees and lush landscaping. This is truly one of the best situated homes in this community as well as one of the largest. Come see it, fall in love with it and make it yours!

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

Zip Code: 92865

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92865

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17223345

* 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
Fletcher Elementary School Primary Regular 376 15 5
Cerro Villa Middle School Middle Regular 1,028 40 6
Villa Park High School High Regular 2,475 89 8

Fletcher Elementary School

  • Education Level: Primary
  • # of students: 376
  • # of teachers: 15
5
GreatSchools Rating

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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,306
Property Tax -$600
Property Insurance -$64
HOA -$135
Property Management Fees -$152
CASH FLOW
-$157

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.

$625,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$36,505

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $3,312

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,1004$3,2505$3,400
$3,400
RENT COMPS ANALYSIS
  • 2381 N River Trail Road Orange, CA 3
    • 4 beds 2 baths ∙ 1,566 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,566 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.98
    •  
  • 2395 N River Trail Road Orange, CA 1
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 1980
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.19
    •  
  • 2488 N Millstream Lane Orange, CA 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1982
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.14
    •  
  • 350 E Sand Pebble Way Orange, CA 4
    • 4 beds 2 baths ∙ 1,618 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,618 Sqft ∙ Built 1975
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.01
    •  
  • 2489 N Cottonwood Street Orange, CA 5
    • 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 1963
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.12
    •  
PROPERTY LISTING DETAILS
Brenda Hennessy
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21000276
Last Updated: 01/02/2021
BESbswy