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401 N Sacramento Street Orange, CA 92867

4 Beds 2 Baths 1,654 sqft Built 1964

INVESTimate

$650,000

List Price

$3,290

$3,040 - $3,540

Rent Est.

$689,715  ( +6.11%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $392.99
  • 6 Days on Market
  • MLS # : IG20164803
  • Updated Date : 08/25/2020 at 13:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,654 sqft
  • Baths : 2 full
Listing Agent

Thomas Jandt, Broker

Listing Agent's Description

Located in the warm and friendly community of Orange and walking distance to schools. You'll be sure to love the layout of this home with an open kitchen, warm living room and great patio to relax on. This home is turnkey and ready for you to move right in. This home has central heat and air with a new water heater and all the amenities you’ll need. You'll enjoy all the space with your separate family room area off of the dining room & direct access to the backyard. Other fine features included; master suite, fresh new paint inside & out, fireplace, dual-pane windows, kitchen with lot's of storage.

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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Zip Code: 92867

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k813k

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

Zip Code: 92867

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600Rent in $18443604

* 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
Handy Elementary School Primary Regular 562 25 6
Handy Elementary School Middle Regular 562 25 6
Orange High School High Regular 1,927 79 4

Handy Elementary School

  • Education Level: Primary
  • # of students: 562
  • # of teachers: 25
6
GreatSchools Rating

Handy Elementary School

  • Education Level: Middle
  • # of students: 562
  • # of teachers: 25
6
GreatSchools Rating

Orange High School

  • Education Level: High
  • # of students: 1,927
  • # of teachers: 79
4
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,398
Property Tax -$636
Property Insurance -$66
Property Management Fees -$161
CASH FLOW
$28

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.

$650,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.11%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$60,216

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $3,544

    COMP ESTIMATED VALUE
  • $2.14

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2903$3,3004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 401 N Sacramento Street Orange, 2
    • 4 beds 2 baths ∙ 1,654 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,654 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.99
    •  
  • 783 N Elmwood Street Orange, 1
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1964
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.11
    •  
  • 1333 E Lomita Avenue Orange, 3
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1956
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.26
    •  
  • 977 N Hart Street Orange, 4
    • 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1963
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.88
    •  
  • 924 E Rose Avenue Orange, 5
    • 4 beds 2 baths ∙ 1,508 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,508 Sqft ∙ Built 1952
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.32
    •  
PROPERTY LISTING DETAILS
Thomas Jandt
Thomas Jandt, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20164803
Last Updated: 08/25/2020
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