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

36 Silverwood Irvine, CA 92604

3 Beds 3 Baths 1,645 sqft Built 1975

$728,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $442.55
  • 6 Days on Market
  • MLS # : TR20241824
  • Updated Date : 11/18/2020 at 17:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,645 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homecoin.com

Listing Agent's Description

Your wait is finally over! The largest townhome/condo floorplan in the Deerfield tract is finally on the market! Come and see this absolutely GEM in person! Upon entering through the handsome double door entry way, you are immediately greeted by an airy living room featuring soaring vaulted ceilings with large view windows and a chic fireplace. Private enclosed patio accessible through family and living room making it perfect for entertaining friends and family. Experience chef cooking in a beautifully upgraded gourmet kitchen with white shaker style cabinetry that features self-closing drawers, a “lazy Susan” corner cabinet, stone counters and stainless-steel appliances. Absolutely stunning flooring with soft warm creams and beiges Italian porcelain tile bring elegance throughout downstairs and warm-inviting laminated wood flooring bring coziness to upstairs bedrooms. Recessed lighting throughout the entire house and fresh designer new paint all downstairs. The bedrooms are generous in size. Master suite features a walk-in closet and remodeled oversized custom walk-in shower with seamless glass panel enclosure and luxurious Hans-Grohe rain shower system. Enjoy the quiet neighborhood living in this corner unit with no common wall except at the garage making it feel like a detached home. Home is walking distance to award winning Irvine schools, parks and shopping centers.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Doe Trail Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900kPrice in $209k943k

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

Neighborhood: Doe Trail Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19423818

* 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
Deerfield Elementary School Primary Regular 671 21 8
Deerfield Elementary School Middle Regular 671 21 8
Irvine High School High Regular 1,968 64 9

Deerfield Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 21
8
GreatSchools Rating

Deerfield Elementary School

  • Education Level: Middle
  • # of students: 671
  • # of teachers: 21
8
GreatSchools Rating

Irvine High School

  • Education Level: High
  • # of students: 1,968
  • # of teachers: 64
9
GreatSchools Rating
 

$655,200$800,800$728,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,686
Property Tax -$662
Property Insurance -$65
HOA -$350
Property Management Fees -$149
CASH FLOW
-$862

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.

$728,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$198,670

INVESTMENT

$198,670

Down Payment
$182,000
Rehab Estimate
$5,750
Closing Costs
$10,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,000
Loan Amount $546,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.95

    LIST RENT PER SQFT
  • $3,048

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9953$3,0504$3,1505$3,500
$3,500
RENT COMPS ANALYSIS
  • 36 Silverwood Irvine, CA 3
    • 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.95
    •  
  • 7 Cattail Irvine, CA 1
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1975
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.93
    •  
  • 4392 Bridgeway Street Irvine, CA 2
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1972
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.01
    •  
  • 5 Sanderling Irvine, CA 4
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1974
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.83
    •  
  • 6 Gold Bluff Irvine, CA 5
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1975
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.04
    •  
PROPERTY LISTING DETAILS
Jonathan Minerick
Homecoin.com
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20241824
Last Updated: 11/18/2020
BESbswy