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2500 Crown Way Fullerton, CA 92833

3 Beds 2 Baths 1,906 sqft Built 1977

$899,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $471.67
  • 7 Days on Market
  • MLS # : PW21059415
  • Updated Date : 03/23/2021 at 15:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,906 sqft
  • Baths : 2 full
Listing Agent

Re/max Diamond

Listing Agent's Description

Welcome to this beautiful single-story house with swimming pool. 3 bedrooms , 2 bath located in Sunny Ridge. Large open and living floor plan with catheral ceilings in living room & family room. Huge family room with fireplace, Beautiful hardwood floors. Formal dining area, Granite counter tops in kitchen and bathrooms, Stainless steel appliances, Double door entry, New Central A/C and New heater. Laundry room inside and 2 car attached garage. Best school district. No HOA & mello-roos. Peaceful neighborhood. Close to school, golf courses, parks, restaurants, market...

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: 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
D. Russell Parks Junior High School Middle Regular 1,050 32 8
Sunny Hills High School High Regular 2,264 78 9

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
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$3,123
Property Tax -$884
Property Insurance -$73
Property Management Fees -$149
CASH FLOW
-$1,189

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.

$899,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.4%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $3,088

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$3,040
1$3,0402$3,1003$3,4004$3,4505$3,500
$3,500
RENT COMPS ANALYSIS
  • 2500 Crown Way Fullerton, CA 1
    • 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.59
    •  
  • 2366 Applewood Cir Fullerton, CA 2
    • 3 beds 4 baths ∙ 2,040 Sqft ∙ Built 1982 3 beds 4 baths ∙ 2,040 Sqft ∙ Built 1982
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.52
    •  
  • 1756 Baronet Place Fullerton, CA 3
    • 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 1977
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.62
    •  
  • 2019 Winterwood Drive Fullerton, CA 4
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1983
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.66
    •  
  • 2113 Greenwood Court Fullerton, CA 5
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1983
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.68
    •  
PROPERTY LISTING DETAILS
Misydney Cho
Re/max Diamond
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21059415
Last Updated: 03/23/2021
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