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4261 Fontainbleau Avenue Cypress, CA 90630

5 Beds 1 Baths 1,824 sqft Built 1964

$849,900

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1964
  • Price/Sqft : $465.95
  • 28 Days on Market
  • MLS # : PW20211541
  • Updated Date : 10/29/2020 at 17:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,824 sqft
  • Baths : 1 full
Listing Agent

Remax Tiffany Real Estate

Listing Agent's Description

Fantastic Opportunity To Own a Large 5 Bedroom Family Home, Beautiful Upgrades Throughout! Excellent Curbside Appeal: Cul De Sac, Huge RV Access, Dual Pane Windows, Newer Roof, Extra Parking Spaces, Upgraded Roll Up Garage Door & Lift-master GDO! Double Door Entry, Diagonally Laid 18" Ceramic Tile Flooring at Entry, Dining, Kitchen. Brand New Interior Paint, Smooth Ceilings, Laminate Flooring All Throughout. Kitchen is a Total Remodel: Oak Cabinets, Granite Counter-tops, Garden Window, Suspended Range Hood, 5 Burner Gas Stove, Double Oven, Double Stainless Sink, Full Pantry w/ Pull Out Drawers, Pot & Pans Drawers and a Perfect Peninsula for Serving. Dining Room is Over-sized, Can Fit a Lrg Table/Chairs. Living Room is Ample, Fireplace is Raised & Faced with Granite, Direct Access to the Back Yard Through a Custom Dual Pane Slider that Glides Effortlessly. There is a Cool Skylight in Living, Giving Just the right Amount of Moon and Sunlight. 2 Downstairs Bedrooms Are So Versatile! Full Bath on First Level Is Remodeled, Clean as a Whistle. Up Stairs Has a Good Sized Master, Large Closets, 3/4 2nd Level Bath is Large with Walk in Shower. Extra Bedrooms are Good Size with Access to the Balcony. Huge Backyard! RV Area Could Be Expanded Almost To The Back Wall. RV Dem In Front= 14X27. Behind Gate=14X29 to the Tree another 40' to the Wall Potential! If You Are A Fruit Lover, These Mature Trees will Provide You With Plenty of Loquat, Guava, Tangelo, Grapefruit, Jujube & Calamansi.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18413345

* 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
Steve Luther Elementary School Primary Regular 515 19 7
Steve Luther Elementary School Middle Regular 515 19 7
John F. Kennedy High School High Regular 2,373 81 9

Steve Luther Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 19
7
GreatSchools Rating

Steve Luther Elementary School

  • Education Level: Middle
  • # of students: 515
  • # of teachers: 19
7
GreatSchools Rating

John F. Kennedy High School

  • Education Level: High
  • # of students: 2,373
  • # of teachers: 81
9
GreatSchools Rating
 

$764,910$934,890$849,900

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$3,136
Property Tax -$858
Property Insurance -$71
Property Management Fees -$152
CASH FLOW
-$1,108

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.

$849,900

PROJECTED PRICE

$3,110

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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

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$230,974

INVESTMENT

$230,974

Down Payment
$212,475
Rehab Estimate
$5,750
Closing Costs
$12,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,475
Loan Amount $637,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $1.71

    LIST RENT PER SQFT
  • $3,301

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,1103$3,2954$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 4261 Fontainbleau Avenue Cypress, CA 2
    • 5 beds 1 baths ∙ 1,824 Sqft ∙ Built 1964 5 beds 1 baths ∙ 1,824 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $1.71
    •  
  • 7811 Norann Circle La Palma, CA 1
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1966
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.79
    •  
  • 8206 Mulberry Street Cypress, CA 3
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1977
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.65
    •  
  • 8462 Carob Street Cypress, CA 4
    • 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 1964
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.02
    •  
  • 19638 Sequoia Avenue Cerritos, CA 5
    • 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 1970
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.78
    •  
PROPERTY LISTING DETAILS
Daryl Chrispen
Remax Tiffany Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20211541
Last Updated: 10/29/2020
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