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2613 Geneva Place Fullerton, CA 92833

4 Beds 3 Baths 2,814 sqft Built 1978

$949,880

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $337.56
  • 8 Days on Market
  • MLS # : PW20224091
  • Updated Date : 10/30/2020 at 22:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,814 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

This Beautiful Home is ideally located in a quiet cul-de-sac in the Highly Sought-After Sunny Ridge Community of Fullerton. This lovely home features an open floor plan with spacious living and dining rooms, family room, game room, upstairs loft, spacious bedrooms, and a separate laundry room. The family room, w/fireplace, is adjacent to the dining area and an upgraded kitchen complete with granite countertops. This home has everything you would want with bonus features such as a GAME ROOM and a loft. The large master suite and master bath offer dual sinks and separate shower. This home is powered by solar system that reduces the electricity cost to minimal. Only blocks away from the Los Coyotes Country Club Golf Course, this home is surrounded by award winning local schools. This family-friendly community is a great plus. Come check out this perfect home before it is gone. This is a REAL GEM, ready for you to move right in!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Robert C. Fisler Elementary School Primary Regular 900 31 10
Robert C. Fisler Elementary School Middle Regular 900 31 10
Sunny Hills High School High Regular 2,264 78 9

Robert C. Fisler Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 31
10
GreatSchools Rating

Robert C. Fisler Elementary School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 31
10
GreatSchools Rating

Sunny Hills High School

  • Education Level: High
  • # of students: 2,264
  • # of teachers: 78
9
GreatSchools Rating
 

$854,892$1,044,868$949,880

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$3,505
Property Tax -$934
Property Insurance -$95
Property Management Fees -$173
CASH FLOW
-$1,177

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.

$949,880

PROJECTED PRICE

$3,530

PROJECTED RENT

0.37%

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$15k

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$257,468

INVESTMENT

$257,468

Down Payment
$237,470
Rehab Estimate
$5,750
Closing Costs
$14,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,470
Loan Amount $712,410
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,530

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $3,862

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$3,530
1$3,5302$3,6003$3,8004$3,8005$4,000
$4,000
RENT COMPS ANALYSIS
  • 2613 Geneva Place Fullerton, CA 1
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $3,530
    • $1.25
    •  
  • 1440 Post Road Fullerton, CA 2
    • 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 1977
    LEASED 07/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.33
    •  
  • 2148 Winterwood Drive Fullerton, CA 3
    • 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 1984
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.39
    •  
  • 2308 Leggett Lane Fullerton, CA 4
    • 5 beds 3 baths ∙ 2,673 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,673 Sqft ∙ Built 1996
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.42
    •  
  • 1505 Kingham Way Fullerton, CA 5
    • 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 1976
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.35
    •  
PROPERTY LISTING DETAILS
Faranak Eftekhari
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20224091
Last Updated: 10/30/2020
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