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

25 Silkleaf Irvine, CA 92614

3 Beds 3 Baths 1,571 sqft Built 1980

$840,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $534.69
  • 9 Days on Market
  • MLS # : OC21010171
  • Updated Date : 01/23/2021 at 05:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,571 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Premier Realty

Listing Agent's Description

This is a great opportunity to own this Woodbridge inside the loop home and make it your own. The spacious home offers you a living room with vaulted ceilings and a warm fireplace. This home also offers a family room with direct access to the 2 car garage located at the back of the house.  The 3 bedrooms are located upstairs all with mirrored wardrobe sliding doors.  The kitchen looks out to the side yard where you can entertain and enjoy the fresh air.  Access to the side yard is through the family room and a gate to the back garage area.  The home is located in the desirable "Inside the Loop" of Woodbridge with access to the 2 lakes and numerous association swimming pools and parks.   This home is ready for the new owner to make it a truly beautiful 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 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodbridge

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $261k943k

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

Neighborhood: Woodbridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Meadow Park Elementary School Primary Regular 685 24 9
Meadow Park Elementary School Middle Regular 685 24 9
Woodbridge High School High Regular 2,480 82 10

Meadow Park Elementary School

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 24
9
GreatSchools Rating

Meadow Park Elementary School

  • Education Level: Middle
  • # of students: 685
  • # of teachers: 24
9
GreatSchools Rating

Woodbridge High School

  • Education Level: High
  • # of students: 2,480
  • # of teachers: 82
10
GreatSchools Rating
 

$756,000$924,000$840,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$2,918
Property Tax -$763
Property Insurance -$65
HOA -$105
Property Management Fees -$156
CASH FLOW
-$817

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.

$840,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,350

INVESTMENT

$228,350

Down Payment
$210,000
Rehab Estimate
$5,750
Closing Costs
$12,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,918

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $210,000
Loan Amount $630,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,886

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $3,189

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1503$3,1904$3,2505$3,350
$3,350
RENT COMPS ANALYSIS
  • 25 Silkleaf Irvine, CA 3
    • 3 beds 3 baths ∙ 1,571 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,571 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $2.03
    •  
  • 3 Wildwheat Irvine, CA 1
    • 3 beds 3 baths ∙ 1,571 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,571 Sqft ∙ Built 1980
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.91
    •  
  • 12 Wildbrook Irvine, CA 2
    • 3 beds 3 baths ∙ 1,571 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,571 Sqft ∙ Built 1980
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.01
    •  
  • 9 Spring Buck Irvine, CA 4
    • 3 beds 3 baths ∙ 1,571 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,571 Sqft ∙ Built 1980
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.07
    •  
  • 12 Pebblepath Irvine, CA 5
    • 3 beds 3 baths ∙ 1,571 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,571 Sqft ∙ Built 1980
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.13
    •  
PROPERTY LISTING DETAILS
Kinney Yong
Re/max Premier Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21010171
Last Updated: 01/23/2021
BESbswy