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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $394.88
- 11 Days on Market
- MLS # : SR21028525
- Updated Date : 02/19/2021 at 14:43
CONSTRUCTION
- Beds : 5
- Floor Size : 2,735 sqft
- Baths : 3 full
Listing Agent
Keller Williams Vip Properties
Listing Agent's Description
Gorgeous pool home located in Orange at the end of the cul-de-sac on an 11,200 sqft lot! Virtually BRAND NEW everything! Beautifully refinished from the ground up, interior & exterior. This property is 100% TURN-KEY. Immaculately maintained 5 BR, 3 BTH (1 main flr BR, 4 BR upstairs). Large family area for entertaining, open kitchen with island, and sitting counter space. Large 3 car garage for gym or shop space. Kitchen boasts the highest level of craftsmanship with beautiful custom cabinetry and built-in Thermador appliances; bathrooms beautifully tiled and redone. Landscape has new sprinkler systems. Pool and decking, pool equipment, HVAC, and roof recently updated. Centrally located near 5 & 22 freeways, within walking K-12 schools & parks as well as shopping centers.
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: Orange
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Orange
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,890 |
| EXPENSES | Loan Payment | -$3,751 |
| Property Tax | -$1,057 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$191 | |
|
CASH FLOW
-$1,200
|
||
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.
$1,079,990
PROJECTED PRICE
$3,890
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$291,947
LOAN DETAILS
$3,751
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $269,998 |
| Loan Amount | $809,993 |
0.58
YEARS SAVED
$2,124
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,890
LIST RENT -
$1.42
LIST RENT PER SQFT
-
$4,178
COMP ESTIMATED VALUE -
$1.53
COMP AVG. RENT PER SQFT
Comps Range
-
329 S Merelet Lane Orange, CA 3
- 5 beds 3 baths ∙ 2,735 Sqft ∙ Built 1963 5 beds 3 baths ∙ 2,735 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $3,890
- $1.42
-
645 S Yorba St Orange, CA 1
- 4 beds 2 baths ∙ 2,456 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,456 Sqft ∙ Built 1962
LEASED 03/19/20- Rent
- Rent Per SQFT
- $3,600
- $1.47
-
13501 Prospect Avenue Santa Ana, CA 2
- 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1955
LEASED 12/12/20- Rent
- Rent Per SQFT
- $3,700
- $1.47
-
4133 E Larkstone Avenue Orange, CA 4
- 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 1965
LEASED 02/08/21- Rent
- Rent Per SQFT
- $4,000
- $1.57
-
13611 Yorba Street North Tustin, CA 5
- 4 beds 2 baths ∙ 3,000 Sqft ∙ Built 1948 4 beds 2 baths ∙ 3,000 Sqft ∙ Built 1948
LEASED 12/20/20- Rent
- Rent Per SQFT
- $4,800
- $1.60
PROPERTY LISTING DETAILS
Keller Williams Vip Properties
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SR21028525
Last Updated: 02/19/2021
