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2507 N Ashwood Street Orange, CA 92865

4 Beds 2 Baths 1,605 sqft Built 1963

$764,900

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $476.57
  • 6 Days on Market
  • MLS # : PW20249124
  • Updated Date : 12/01/2020 at 10:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,605 sqft
  • Baths : 2 full
Listing Agent

Solid Rock Realty

Listing Agent's Description

Welcome home to your beautiful remodeled and updated house! The large modern kitchen has been remodeled with granite counter tops, custom tile backsplashes, soft closing cabinetry accented with under cabinet lighting, completed with custom tile flooring, recessed lighting, crown molding and stainless-steel appliances. The attached dining area has custom tile flooring and loads of recessed lights. The spacious living room is highlighted with a beautiful stacked stone fireplace and is perfect to entertain your guests. The large master bedroom has two windows with a lot of natural light and a ceiling fan. The master bath has custom tile floors and paint. There are 3 additional bedrooms, all complete with ceiling fans. The additional bathroom also has custom tile and paint. The large enclosed patio has tile flooring and a ceiling fan, giving you a lot of additional space. The windows have all been upgraded to double paned glass to help with efficiency and noise reduction. A tank-less water heater has been installed. The front yard has been updated and refreshed completely with drought tolerant plants on a drip irrigation system, and easy to maintain. The large backyard has a 2 level paved patio, perfect for entertaining. The lawn and patios are tied into a French drain system which empties to the street. A wooden storage shed and dog run complete this lovely property. The neighborhood is quiet with an elementary school nearby. Don't miss this one!

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

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
 

$688,410$841,390$764,900

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,822
Property Tax -$749
Property Insurance -$65
Property Management Fees -$150
CASH FLOW
-$716

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.

$764,900

PROJECTED PRICE

$3,070

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,449

INVESTMENT

$208,449

Down Payment
$191,225
Rehab Estimate
$5,750
Closing Costs
$11,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,822

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $191,225
Loan Amount $573,675
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $1.91

    LIST RENT PER SQFT
  • $3,290

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,070
1$3,0702$3,0953$3,2504$3,2955$3,400
$3,400
RENT COMPS ANALYSIS
  • 2507 N Ashwood Street Orange, CA 1
    • 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $1.91
    •  
  • 3010 N Cottonwood Street Orange, CA 2
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1976
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.97
    •  
  • 350 E Sand Pebble Way Orange, CA 3
    • 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
    •  
  • 416 E Meadowbrook Avenue Orange, CA 4
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1976
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $2.10
    •  
  • 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
William Bland
Solid Rock Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20249124
Last Updated: 12/01/2020
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