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318 Napa Court Fullerton, CA 92833

4 Beds 3 Baths 2,160 sqft Built 2000

$975,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $451.39
  • 118 Days on Market
  • MLS # : DW20189508
  • Updated Date : 10/19/2020 at 11:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,160 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Pacific Estates La Mirada

Listing Agent's Description

Amazing home in a cul-de-sac located in the highly sought after city of Fullerton. This charming house has been completely remodeled and updated throughout. High ceiling entry to living room, 3 Bedroom upstairs, Guestroom downstairs, Fireplace in the family room and master bedroom. An extra wide driveway with attached 3 car garage with direct access.Solar panels paid off in full. Commuting to work is a breeze as you are a short distance to the 5 and 91 freeway, Park & Ride, Amtrak and Metro link stations. Located within top rated Fullerton School District with open enrollment. It is priced for a quick sale! An incredible value you do not want to miss, this will go fast!

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
Pacific Drive Elementary School Primary Regular 611 23 3
Nicolas Junior High School Middle Regular 738 31 4
Buena Park High School High Regular 1,940 68 5

Pacific Drive Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 23
3
GreatSchools Rating

Nicolas Junior High School

  • Education Level: Middle
  • # of students: 738
  • # of teachers: 31
4
GreatSchools Rating

Buena Park High School

  • Education Level: High
  • # of students: 1,940
  • # of teachers: 68
5
GreatSchools Rating
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,387
Property Tax -$959
Property Insurance -$79
Property Management Fees -$164
CASH FLOW
-$1,239

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.

$975,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.34%

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$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,387

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$652

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $3,640

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,6503$3,8004$3,8005$3,900
$3,900
RENT COMPS ANALYSIS
  • 318 Napa Court Fullerton, CA 1
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.55
    •  
  • 1161 Gardiner Lane Fullerton, CA 2
    • 4 beds 4 baths ∙ 2,267 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,267 Sqft ∙ Built 2015
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.61
    •  
  • 1122 Klose Lane Fullerton, CA 3
    • 4 beds 4 baths ∙ 2,346 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,346 Sqft ∙ Built 2014
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.62
    •  
  • 1132 Gardiner Lane Fullerton, CA 4
    • 4 beds 4 baths ∙ 2,123 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,123 Sqft ∙ Built 2014
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.79
    •  
  • 1149 Gardiner Lane Fullerton, CA 5
    • 4 beds 4 baths ∙ 2,267 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,267 Sqft ∙ Built 2014
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.72
    •  
PROPERTY LISTING DETAILS
Joseph Murnik
Keller Williams Pacific Estates La Mirada
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20189508
Last Updated: 10/19/2020
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