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3079 N Pinewood Street Orange, CA 92865

5 Beds 4 Baths 2,750 sqft Built 1968

INVESTimate

$839,900

List Price

$3,750

$3,500 - $4,000

Rent Est.

$886,934  ( +5.60%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $305.42
  • 5 Days on Market
  • MLS # : 219048194DA
  • Updated Date : 08/22/2020 at 10:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,750 sqft
  • Baths : 3 full , 1 half
Listing Agent

Reali, Inc.

Listing Agent's Description

This Beautiful 5 bedroom 3 1/2 bath home is well maintained & located in a highly desirable & well established neighborhood. The large backyard is easy to maintain and is perfect for children and entertaining. There are several mature citrus trees located in the rear yard and Palm trees in the large front yard. The homes 5 bedrooms including Two large Master Suites make it the perfect home for a large family, or even 2 families. Lots of recent upgrades including new Interior paint, New Window coverings, New Water heater, New Insulation in the attic, Newly Installed Rain gutters and New Hardwood floors Upstairs that were just finished in 2019. So much home for your money here. Hurry on this one.

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MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

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
 

$755,910$923,890$839,900

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

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$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$3,099
Property Tax -$822
Property Insurance -$92
Property Management Fees -$184
CASH FLOW
-$447

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.

$839,900

PROJECTED PRICE

$3,750

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.60%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,324

INVESTMENT

$228,324

Down Payment
$209,975
Rehab Estimate
$5,750
Closing Costs
$12,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $209,975
Loan Amount $629,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$29,835

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,750

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $4,043

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,7503$3,8004$3,8005$4,545
$4,545
RENT COMPS ANALYSIS
  • 3079 N Pinewood Street Orange, 2
    • 5 beds 4 baths ∙ 2,750 Sqft ∙ Built 1968 5 beds 4 baths ∙ 2,750 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.36
    •  
  • 135 S Jeanine Way Anaheim, 1
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1969
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
  • 3406 E Alderly Lane Orange, 3
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1983
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.52
    •  
  • 2038 N Greengrove Street Orange, 4
    • 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1964
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.57
    •  
  • 1534 E Ila Drive Orange, 5
    • 5 beds 4 baths ∙ 3,100 Sqft ∙ Built 1965 5 beds 4 baths ∙ 3,100 Sqft ∙ Built 1965
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,545
    • $1.47
    •  
PROPERTY LISTING DETAILS
James Dienes
Reali, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 219048194DA
Last Updated: 08/22/2020
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