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433 N Flower Street Orange, CA 92868

3 Beds 3 Baths 2,307 sqft Built 1977

$780,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $338.10
  • 6 Days on Market
  • MLS # : PW21002040
  • Updated Date : 01/05/2021 at 16:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,307 sqft
  • Baths : 3 full
Listing Agent

L.s. Gateway Realtors

Listing Agent's Description

Beautiful home in the City of Orange. It is located within a mile from Main Place Mall, The Block, Old Towne Orange, Angel Stadium, Honda Center, parks, and public schools. The owners have spent much time and money into polishing this beautiful 2,307 sf., 3 bedrooms, 3 bathrooms with maple hardwood floor throughout this home. An office downstairs can be use as a 4th bedroom. Wide 4 car driveway and empty street with plenty of parking. Front yard has private redwood fence & deck that were recently installed. Patio is low maintenance and has large gas fire- pit. Living room has vaulted ceiling with skylight and large front windows offering abundant natural light. Kitchen has black galaxy granite counter tops & backsplash , solid stainless steel handle cabinets and professional kitchen appliances. Large family room has exposed wood cathedral ceiling with full size wet bar to entertain/ relax with family and friends. Master bedroom has a fireplace and walk out to large balcony that was professionally built with building permits.

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

Zip Code: 92868

ZipNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $194k742k

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

Zip Code: 92868

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15763345

* 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
Sycamore Elementary School Primary Regular 443 16 4
Sycamore Elementary School Middle Regular 443 16 4
Orange High School High Regular 1,927 79 4

Sycamore Elementary School

  • Education Level: Primary
  • # of students: 443
  • # of teachers: 16
4
GreatSchools Rating

Sycamore Elementary School

  • Education Level: Middle
  • # of students: 443
  • # of teachers: 16
4
GreatSchools Rating

Orange High School

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

$702,000$858,000$780,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$2,709
Property Tax -$764
Property Insurance -$81
Property Management Fees -$172
CASH FLOW
-$226

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.

$780,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.0%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,709

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$40,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $3,668

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,5004$3,500
$3,500
RENT COMPS ANALYSIS
  • 433 N Flower Street Orange, CA 4
    • 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.52
    •  
  • 618 E Collins Avenue Orange, CA 1
    • 4 beds 3 baths ∙ 2,063 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,063 Sqft ∙ Built 1966
    property image
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.55
    •  
  • 127 W Cliffwood Avenue Anaheim, CA 2
    • 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 1958 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 1958
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.61
    •  
  • 916 W Santa Clara Avenue Santa Ana, CA 3
    • 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 1965 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 1965
    property image
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.61
    •  
PROPERTY LISTING DETAILS
Dat Hong
L.s. Gateway Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21002040
Last Updated: 01/05/2021
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