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

4421 Oakfield Avenue Santa Ana, CA 92703

3 Beds 2 Baths 1,622 sqft Built 1959

$675,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $416.15
  • 3 Days on Market
  • MLS # : OC20247340
  • Updated Date : 11/27/2020 at 18:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,622 sqft
  • Baths : 2 full
Listing Agent

Topstar Real Estate

Listing Agent's Description

Charming single family home on a large spacious lot. Pride of ownership. Immaculately cared for. This house is ready to move in. Tastefully painted in contemporary tones. This home offers 3 bedrooms and 2 bathrooms. The bedrooms have custom closets. An open floor plan and big family/entertainment room. Beautiful custom built-in and fireplace in the living room. Ungraded open kitchen and dining area. The kitchen offers a walk-in pantry and lots of storage space. The large, green backyard is ready for family BBQ’s and gatherings. It has gorgeous french doors that open up to an outdoor retreat in the private backyard with a covered patio area, fruits trees, and a yard perfect for your dream garden. There is also a storage shed/workshop in the backyard. It comes with a large two car garage and has custom built in storage cabinets as well as a work area. The attic space above the garage has a pull down ladder. Alongside the garage and driveway is a sizable parking area on the side of the house for multiple cars or an RV/boat that is gated.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: West Side

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $194k742k

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

Neighborhood: West Side

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $14573345

* 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
Hazard Elementary School Primary Regular 614 23 8
Hazard Elementary School Middle Regular 614 23 8
Santiago High School High Regular 2,214 87 6

Hazard Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 23
8
GreatSchools Rating

Hazard Elementary School

  • Education Level: Middle
  • # of students: 614
  • # of teachers: 23
8
GreatSchools Rating

Santiago High School

  • Education Level: High
  • # of students: 2,214
  • # of teachers: 87
6
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,490
Property Tax -$687
Property Insurance -$66
Property Management Fees -$143
CASH FLOW
-$476

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.

$675,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$18,935

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $3,033

    COMP ESTIMATED VALUE
  • $1.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,9103$2,9504$3,0505$3,100
$3,100
RENT COMPS ANALYSIS
  • 4421 Oakfield Avenue Santa Ana, CA 2
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.79
    •  
  • 10651 Blake Street Garden Grove, CA 1
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1958
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.79
    •  
  • 5103 W 7th Street Santa Ana, CA 3
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1939 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1939
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.90
    •  
  • 218 N Cooper Street Santa Ana, CA 4
    • 4 beds 2 baths ∙ 1,766 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,766 Sqft ∙ Built 1966
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.73
    •  
  • 10632 Linnell Avenue Garden Grove, CA 5
    • 4 beds 3 baths ∙ 1,505 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,505 Sqft ∙ Built 1959
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.06
    •  
PROPERTY LISTING DETAILS
July Maisel
Topstar Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20247340
Last Updated: 11/27/2020
BESbswy