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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $458.16
- 106 Days on Market
- MLS # : AR20235643
- Updated Date : 02/20/2021 at 15:43
CONSTRUCTION
- Beds : 4
- Floor Size : 2,617 sqft
- Baths : 3 full
Listing Agent
Treeline Realty & Investment
Listing Agent's Description
Beautifully Updated 4 Bedrooms With 3 Bathrooms Home In A Wonderful Location In Northwood. 2 Bedrooms Downstairs (Including Master). 2nd Room Downstairs Has A Study Area. Good To Use For Office/Library Or Relaxing Area. Another 2 Good Size Bedrooms Upstairs With Full Bathroom And Big Bonus Loft/Living Area With Fireplace. Good For Entertainment. Another Fireplace in Downstairs Living Room. Light And Bright Large Living Room With Sunny Interior Atrium. French Doors Lead To The Private Back Yard And Patio. Newer Remodeled Bathrooms. Updated Kitchen Featuring Granite Counters. Cabinets With Loads of Pantry Space. Self Closing Drawers. Newer Windows. Plantation Shutters And More. This 6,250 SQFT Lot Is Large Enough To Build A Swimming Pool And Have A Separate Yard. Completely Private Too!! A Very Unique Home In A Great Association And Steps To The Association Pool And Tennis Courts. And Award Winning School. Don't Miss It. Won't Last!!
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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: Northwood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northwood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,860 |
| EXPENSES | Loan Payment | -$4,165 |
| Property Tax | -$1,061 | |
| Property Insurance | -$90 | |
| HOA | -$60 | |
| Property Management Fees | -$189 | |
|
CASH FLOW
-$1,705
|
||
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.
$1,199,000
PROJECTED PRICE
$3,860
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.98% |
| Appreciation Year (1-5) | 4.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| 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
$323,485
LOAN DETAILS
$4,165
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $299,750 |
| Loan Amount | $899,250 |
0.17
YEARS SAVED
$115
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,860
LIST RENT -
$1.47
LIST RENT PER SQFT
-
$3,939
COMP ESTIMATED VALUE -
$1.51
COMP AVG. RENT PER SQFT
Comps Range
-
38 Fort Sumter Irvine, CA 2
- 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $3,860
- $1.47
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4 Carson Irvine, CA 1
- 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 1979
LEASED 12/22/19- Rent
- Rent Per SQFT
- $3,650
- $1.41
-
1 Christamon W W Irvine, CA 3
- 5 beds 2 baths ∙ 2,549 Sqft ∙ Built 1978 5 beds 2 baths ∙ 2,549 Sqft ∙ Built 1978
LEASED 10/09/20- Rent
- Rent Per SQFT
- $3,900
- $1.53
-
28 Cambridge Irvine, CA 4
- 4 beds 4 baths ∙ 2,559 Sqft ∙ Built 1977 4 beds 4 baths ∙ 2,559 Sqft ∙ Built 1977
LEASED 11/13/19- Rent
- Rent Per SQFT
- $3,970
- $1.55
-
26 Fortuna East E Irvine, CA 5
- 5 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,673 Sqft ∙ Built 1977
LEASED 01/01/20- Rent
- Rent Per SQFT
- $4,100
- $1.53
PROPERTY LISTING DETAILS
Treeline Realty & Investment
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: AR20235643
Last Updated: 02/20/2021
