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3806 E Sycamore Avenue Orange, CA 92869

4 Beds 3 Baths 2,400 sqft Built 1965

$899,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $374.58
  • 7 Days on Market
  • MLS # : SR20260959
  • Updated Date : 12/21/2020 at 16:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,400 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Greater Valleys

Listing Agent's Description

Desirable neighborhood and Home to entertain! This spacious home offers you two master bedrooms with its own bathroom and 2 bedrooms with one bathroom, large sunroom, open kitchen with quartz center island and counter tops, extra large den or playroom area, formal dining and family room with fireplace. A very unique southwestern motif around the pool and spa with multi waterfalls and built-in barbeque area to entertain your family and friends. This home has a large driveway to accommodate few cars, possible RV access and perfect for big family centrally located for easy access to parks, recreation area, schools, shopping and freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: El Modena

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: El Modena

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
Prospect Elementary School Primary Regular 464 16 5
Prospect Elementary School Middle Regular 464 16 5
El Modena High School High Regular 2,196 89 7

Prospect Elementary School

  • Education Level: Primary
  • # of students: 464
  • # of teachers: 16
5
GreatSchools Rating

Prospect Elementary School

  • Education Level: Middle
  • # of students: 464
  • # of teachers: 16
5
GreatSchools Rating

El Modena High School

  • Education Level: High
  • # of students: 2,196
  • # of teachers: 89
7
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$3,317
Property Tax -$870
Property Insurance -$84
Property Management Fees -$168
CASH FLOW
-$1,009

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$899,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$6,280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $3,744

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$3,430
1$3,4302$3,6503$3,8754$3,9955$4,000
$4,000
RENT COMPS ANALYSIS
  • 3806 E Sycamore Avenue Orange, CA 1
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $1.43
    •  
  • 4731 E Blue Jay Avenue Orange, CA 2
    • 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 1978
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.54
    •  
  • 234 S Rosalind Drive Orange, CA 3
    • 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 1963 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 1963
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,875
    • $1.68
    •  
  • 2619 E Palmyra Avenue Orange, CA 4
    • 3 beds 2 baths ∙ 2,631 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,631 Sqft ∙ Built 1963
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.52
    •  
  • 861 N Red Robin Street Orange, CA 5
    • 4 beds 2 baths ∙ 2,665 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,665 Sqft ∙ Built 1979
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.50
    •  
PROPERTY LISTING DETAILS
Henry Barcarse
Coldwell Banker Greater Valleys
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR20260959
Last Updated: 12/21/2020
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