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32 Bristlecone Irvine, CA 92620

5 Beds 3 Baths 2,600 sqft Built 1996

$1,498,000

List Price

$5,130

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $576.15
  • 7 Days on Market
  • MLS # : OC21031105
  • Updated Date : 02/15/2021 at 11:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,600 sqft
  • Baths : 3 full
Listing Agent

Irn Realty

Listing Agent's Description

Enjoy the California lifestyle with new furnished relaxing pool and spa in your own private backyard, surrounded by lush landscaping. This well designed, open, bright Plan II with 2600 sq. ft. offers both an office with closet niche (could be a fifth bedroom) and a secluded bedroom and bath on the first floor. Living areas include a formal living room with a soaring ceiling and clerestory windows; separate intimate formal dining room; cozy family room highlighted by a fireplace with mantle; and a gourmet kitchen that includes a roomy eating area, center island, a 5 burner gas cook top that vents to the outside. The second floor includes a spacious master with a large walk-in closet, separate shower and soaking tub; Jack and Jill bedrooms with a shared bath; and a spacious bonus room. There is travertine flooring in the living areas on the first floor; carpet; custom drapes; designer paint; newer Anderson slider and kitchen window; upgraded rain-glass master bath window; an indoor controlled pool equipment timer, and home security system. Update includes irrigation system as well. Ideally located, nestled on a cul-de-sac street, the large backyard affords ample room for family activities and entertaining. Canyon View community affords a secured access gate to walk to the elementary school, baseball field, basketball field, volleyball field and community pool.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Canyon View

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1136k

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

Neighborhood: Canyon View

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813983

* 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
Sierra Vista Middle School Middle Regular 733 21 9
Northwood High School High Regular 2,173 72 9
Sierra Vista Middle School Middle Unknown NA

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

Sierra Vista Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,348,200$1,647,800$1,498,000

PURCHASE PRICE

$4,617$5,643$5,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,130
EXPENSES Loan Payment -$5,203
Property Tax -$1,584
Property Insurance -$90
HOA -$45
Property Management Fees -$251
CASH FLOW
-$2,043

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.

$1,498,000

PROJECTED PRICE

$5,130

PROJECTED RENT

0.34%

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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$402,720

INVESTMENT

$402,720

Down Payment
$374,500
Rehab Estimate
$5,750
Closing Costs
$22,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,203

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $374,500
Loan Amount $1,123,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$269

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,130

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $4,225

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,2003$4,2904$4,5005$5,130
$5,130
RENT COMPS ANALYSIS
  • 32 Bristlecone Irvine, CA 5
    • 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,130
    • $1.97
    •  
  • 7 Laurelwood Irvine, CA 1
    • 5 beds 4 baths ∙ 2,600 Sqft ∙ Built 1997 5 beds 4 baths ∙ 2,600 Sqft ∙ Built 1997
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.54
    •  
  • 20 Stonebrook Irvine, CA 2
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1998
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.58
    •  
  • 17 Canyonwood Irvine, CA 3
    • 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1997
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,290
    • $1.72
    •  
  • 26 Maywood Irvine, CA 4
    • 5 beds 4 baths ∙ 2,719 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,719 Sqft ∙ Built 2000
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.66
    •  
PROPERTY LISTING DETAILS
Johnny Gao
Irn Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21031105
Last Updated: 02/15/2021
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