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30 Shadowplay Irvine, CA 92620

4 Beds 4 Baths 2,492 sqft Built 2004

$989,000

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $396.87
  • 4 Days on Market
  • MLS # : OC21002625
  • Updated Date : 01/08/2021 at 08:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,492 sqft
  • Baths : 4 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Opportunity knocks in desirable gated community of Northwood II. Most sought after popular floor plan end unit home offers 4 bedrooms, a spacious loft and 4 bathrooms with dual master suites, one on each floor. Great inside location with an open floor plan, high ceilings and very light and airy, makes this a very inviting home. A spacious chef's kitchen consists of an island overlooking the dining area, granite counters, stainless steel appliances and a walk in pantry. French doors off the dining area lead to a private patio ideal for entertaining or just relaxing. Additional features include hard wood flooring in the living, dining and kitchen, carpet in all the bedrooms and loft, cozy fireplace, 2 car attached garage and an inside laundry room. Northwood II community consists of a pool, spa, clubhouse, parks and is conveniently located near the highly acclaimed Irvine schools, shopping, freeway and the Spectrum.

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

Neighborhood: Serissa

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1008k

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

Neighborhood: Serissa

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15893818

* 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
Northwood Elementary School Primary Regular 722 24 7
Sierra Vista Middle School Middle Regular 733 21 9
Northwood High School High Regular 2,173 72 9

Northwood Elementary School

  • Education Level: Primary
  • # of students: 722
  • # of teachers: 24
7
GreatSchools Rating

Sierra Vista Middle School

  • Education Level: Middle
  • # of students: 733
  • # of teachers: 21
9
GreatSchools Rating

Northwood High School

  • Education Level: High
  • # of students: 2,173
  • # of teachers: 72
9
GreatSchools Rating
 

$890,100$1,087,900$989,000

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$3,435
Property Tax -$1,093
Property Insurance -$87
HOA -$162
Property Management Fees -$189
CASH FLOW
-$1,116

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.

$989,000

PROJECTED PRICE

$3,850

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.9%
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-$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$267,835

INVESTMENT

$267,835

Down Payment
$247,250
Rehab Estimate
$5,750
Closing Costs
$14,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,435

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $247,250
Loan Amount $741,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,850

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $3,831

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8003$3,8004$3,8505$3,900
$3,900
RENT COMPS ANALYSIS
  • 30 Shadowplay Irvine, CA 4
    • 4 beds 4 baths ∙ 2,492 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,492 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.54
    •  
  • 25 Secret Irvine, CA 1
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2005
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.53
    •  
  • 31 Bamboo Irvine, CA 2
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2006
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.51
    •  
  • 30 Bombay Irvine, CA 3
    • 4 beds 4 baths ∙ 2,456 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,456 Sqft ∙ Built 2004
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.55
    •  
  • 54 Tea Garden Irvine, CA 5
    • 4 beds 4 baths ∙ 2,497 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,497 Sqft ∙ Built 2004
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.56
    •  
PROPERTY LISTING DETAILS
Koki Vora
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21002625
Last Updated: 01/08/2021
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