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

40 Amberleaf #85 Irvine, CA 92614

3 Beds 3 Baths 1,373 sqft Built 1985

$785,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $571.74
  • 4 Days on Market
  • MLS # : OC21008029
  • Updated Date : 01/14/2021 at 21:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,373 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Premier Realty

Listing Agent's Description

An awesome detached 3 bedrooms 2.5 baths home, with an open floor plan located close to south lake. This house looks inviting to call your home with a white picket fence. This is one of the most sought out neighborhoods in Woodbridge called Seasons. This is a nicely updated home. On entering the wood floor update the gas fireplace for a cozy evening to relax. Dining room with modern classy lights and french double door opening to the back yard pergola.The side yard with lush grass, succulent plants, and an orange tree. The kitchen has a garden window with Granite beveled countertops, updated cabinets stainless steel appliances. The family room also had a french double door to the backyard. Separate pantry with glad door updated the main floor half a bathroom. door to the 2 car garage. The garage has epoxy flooring. The second floor has three bedrooms, the bathroom is updated with a shower in the tub, and vanity with marble countertop. The Master bedroom has a walk-in, closet updated bathroom with a beautifully done shower. Woodbridge has many amenities like 24 pools, some of the pools feature WiFi, 22 tennis courts, many parks playground, two lakes with lagoons, boating, and fishing. There is no Mello Roos, low HOA, and Property Tax.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Seasons

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $216k943k

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

Neighborhood: Seasons

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21400160018002000220024002600280030003200340036003800Rent in $13183818

* 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
Springbrook Elementary School Primary Regular 662 22 7
South Lake Middle School Middle Regular 678 23 8
Woodbridge High School High Regular 2,480 82 10

Springbrook Elementary School

  • Education Level: Primary
  • # of students: 662
  • # of teachers: 22
7
GreatSchools Rating

South Lake Middle School

  • Education Level: Middle
  • # of students: 678
  • # of teachers: 23
8
GreatSchools Rating

Woodbridge High School

  • Education Level: High
  • # of students: 2,480
  • # of teachers: 82
10
GreatSchools Rating
 

$706,500$863,500$785,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,727
Property Tax -$712
Property Insurance -$60
HOA -$105
Property Management Fees -$146
CASH FLOW
-$779

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.

$785,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
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$15k

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$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,187

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $2.16

    LIST RENT PER SQFT
  • $2,959

    COMP ESTIMATED VALUE
  • $2.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9703$3,0004$3,1005$3,100
$3,100
RENT COMPS ANALYSIS
  • 40 Amberleaf Irvine, CA 2
    • 3 beds 3 baths ∙ 1,373 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,373 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $2.16
    •  
  • 52 Amberleaf Irvine, CA 1
    • 3 beds 3 baths ∙ 1,373 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,373 Sqft ∙ Built 1986
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.15
    •  
  • 2 Greenmoor Irvine, CA 3
    • 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1984
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.13
    •  
  • 3 Amberleaf Irvine, CA 4
    • 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1986
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.14
    •  
  • 388 Fallingstar Irvine, CA 5
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1985
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.20
    •  
PROPERTY LISTING DETAILS
Bhavna Kumar
Re/max Premier Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21008029
Last Updated: 01/14/2021
BESbswy