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2612 Townley Street Santa Ana, CA 92706

3 Beds 2 Baths 1,639 sqft Built 1959

$720,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $439.29
  • 3 Days on Market
  • MLS # : CV20247287
  • Updated Date : 11/27/2020 at 10:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,639 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Leaders

Listing Agent's Description

***** THIS IS A MUST SEE PROPERTY ***** Located in a quiet neighborhood of the City of SANTA ANA Property offers 3 bedrooms and 2 bathrooms for a total of 1,639 Sq. Living area, 2 car garage and There is a conveniently located indoor laundry room. Newer roof, Seller spend lots of money installing a very expensive DaVinci roofing Material that has 50 yr. transferable warranty, for your easy commute Property is located close to 5 22 and 57 freeways. *******CALL FOR AN APPOINTMENT AND MAKE THIS YOUR HOUSE*******

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: Concord

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $205k742k

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

Neighborhood: Concord

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15653345

* 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
 

$648,000$792,000$720,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,656
Property Tax -$732
Property Insurance -$67
Property Management Fees -$157
CASH FLOW
-$412

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.

$720,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$27,447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.95

    LIST RENT PER SQFT
  • $3,233

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,820
1$2,8202$3,2003$3,4004$3,4955$3,600
$3,600
RENT COMPS ANALYSIS
  • 2612 Townley Street Santa Ana, CA 2
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.95
    •  
  • 12872 Sungrove Street Garden Grove, CA 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1958
    property image
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $2.09
    •  
  • 2233 Tamy Lane Santa Ana, CA 3
    • 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 1955
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.08
    •  
  • 2726 Lowell Lane Santa Ana, CA 4
    • 3 beds 1 baths ∙ 1,862 Sqft ∙ Built 1957 3 beds 1 baths ∙ 1,862 Sqft ∙ Built 1957
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.88
    •  
  • 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
Manuel Avila
Coldwell Banker Leaders
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20247287
Last Updated: 11/27/2020
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