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341 W Pebble Creek Lane Orange, CA 92865

3 Beds 3 Baths 2,254 sqft Built 2010

$757,900

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $336.25
  • 4 Days on Market
  • MLS # : LG20230314
  • Updated Date : 11/01/2020 at 05:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,254 sqft
  • Baths : 2 full , 1 half
Listing Agent

Active Realty Inc

Listing Agent's Description

Gorgeous 3 bedroom, 2.5 bathroom, 2 story condo in the community of Orange! Enjoy an open floor plan with high ceilings, an inviting fireplace, lots of natural light, and sliding doors to the outdoor patio. The kitchen offers a center island, granite countertops, and stainless steel appliances. The primary bedroom offers ample closet space, carpet flooring, and a walk-in shower in the primary bathroom. Convenient to area shops, markets, restaurants, and easy access to major freeways!

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: 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
 

$682,110$833,690$757,900

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$2,796
Property Tax -$746
Property Insurance -$80
HOA -$136
Property Management Fees -$163
CASH FLOW
-$592

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.

$757,900

PROJECTED PRICE

$3,330

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$206,594

INVESTMENT

$206,594

Down Payment
$189,475
Rehab Estimate
$5,750
Closing Costs
$11,369

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,796

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,475
Loan Amount $568,425
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$13,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $3,528

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3303$3,4004$3,4005$3,400
$3,400
RENT COMPS ANALYSIS
  • 341 W Pebble Creek Lane Orange, CA 2
    • 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $1.48
    •  
  • 3046 N Spicewood Street Orange, CA 1
    • 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 2008
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.54
    •  
  • 232 W Tulip Tree Avenue Orange, CA 3
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 2006
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.53
    •  
  • 3195 N Sunrise Court Orange, CA 4
    • 3 beds 3 baths ∙ 2,059 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,059 Sqft ∙ Built 2010
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.65
    •  
  • 209 W Tulip Tree Avenue Orange, CA 5
    • 4 beds 4 baths ∙ 2,212 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,212 Sqft ∙ Built 2008
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.54
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG20230314
Last Updated: 11/01/2020
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