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

2728 E Dorothy Place Orange, CA 92869

4 Beds 1 Baths 1,937 sqft Built 1964

$845,000

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $436.24
  • 6 Days on Market
  • MLS # : PW21006284
  • Updated Date : 01/16/2021 at 13:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,937 sqft
  • Baths : 1 full
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

Absolutely turnkey 4 bed, 2 bath home in a highly desirable neighborhood of East Orange! Fabulous curb appeal for this freshly painted single level home on the corner of a cul-de-sac street. Enjoy the neighborhood view from the front brick sitting area or morning coffee in the gated courtyard. The open floor plan offers a spacious living room with brick fireplace, separate family room off of the kitchen and a formal dining room. The updated kitchen features white cabinets, granite counter-tops & beautiful stainless steel appliances with gas range plus breakfast bar & informal dining area. The rear master bedroom has new carpet, ceiling fan, dual mirrored closets and attached 3/4 bath with custom tiled shower & granite topped vanity. 3 additional bedrooms are well appointed with new carpet, ceiling fans & new window blinds. The updated guest bath has a re-glazed tub with shower overhead & glass enclosure plus a beautiful vanity with granite top. The large lot provides for a spacious fenced rear yard with beautiful covered patio and plenty of grass area for outdoor play & entertaining. Central air conditioning & heating offer comfort year round. The attached 2 car garage with laundry area has convenient direct access to the home. Recent upgrades include fresh interior & exterior paint, new carpet, new window blinds, refurbished patio cover, new vinyl gates, recessed lighting & more. This gorgeous home is located close to shopping, dining, freeway access, schools & hospitals.

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: 92869

ZipNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $260k922k

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

Zip Code: 92869

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18633818

* 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
La Veta Elementary School Primary Regular 846 28 5
La Veta Elementary School Middle Regular 846 28 5
El Modena High School High Regular 2,196 89 7

La Veta Elementary School

  • Education Level: Primary
  • # of students: 846
  • # of teachers: 28
5
GreatSchools Rating

La Veta Elementary School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 28
5
GreatSchools Rating

El Modena High School

  • Education Level: High
  • # of students: 2,196
  • # of teachers: 89
7
GreatSchools Rating
 

$760,500$929,500$845,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$2,935
Property Tax -$831
Property Insurance -$73
Property Management Fees -$177
CASH FLOW
-$396

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.

$845,000

PROJECTED PRICE

$3,620

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.6%
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$2.5M

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$229,675

INVESTMENT

$229,675

Down Payment
$211,250
Rehab Estimate
$5,750
Closing Costs
$12,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,935

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $211,250
Loan Amount $633,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$23,756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,620

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $3,690

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,3953$3,6204$3,7005$4,000
$4,000
RENT COMPS ANALYSIS
  • 2728 E Dorothy Place Orange, CA 3
    • 3 beds 1 baths ∙ 1,937 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,937 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,620
    • $1.87
    •  
  • 13102 Marshall Lane Tustin, CA 1
    • 4 beds 2 baths ∙ 1,747 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,747 Sqft ∙ Built 1976
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.86
    •  
  • 195 S Shattuck Place Orange, CA 2
    • 4 beds 1 baths ∙ 1,728 Sqft ∙ Built 1977 4 beds 1 baths ∙ 1,728 Sqft ∙ Built 1977
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.96
    •  
  • 308 S Wheeler Place Orange, CA 4
    • 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 1964
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.93
    •  
  • 12681 Swidler Place Santa Ana, CA 5
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1961
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.87
    •  
PROPERTY LISTING DETAILS
Lisa Blanc
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21006284
Last Updated: 01/16/2021
BESbswy