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4901 Flagstar Circle Irvine, CA 92604

4 Beds 1 Baths 1,584 sqft Built 1971

$850,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $536.62
  • 6 Days on Market
  • MLS # : OC20255486
  • Updated Date : 01/06/2021 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,584 sqft
  • Baths : 1 full
Listing Agent

Presidential Incorporated

Listing Agent's Description

Beautiful detached single family home. No HOA or Mello Roos Tax. Through the driveway you arrive at a new white vinyl gate, leading you into the front courtyard boasting a low-maintenance artificial turf. Updated with laminated flooring and paint throughout. Remodeled kitchen has upgraded white stone countertops, backsplash, and soft-close cabinets & drawers. Also includes gas range, dish washer, an expansive large stone center-island in an open format to the family room and dining area. Cozy up at the fireplace, or go through the sliding door into the updated pergola. The master bath and hallway baths have all been updated as well. Park in a two-car garage with lots of shelving & washer/dryer hookup. Located within the award-winning Irvine Unified School District, which continuously ranks at the top for academics in the county, state & nation! This home is conveniently located near 5 freeways, public transit, parks, library, community facilities, and Woollett Aquatics Center used for Olympic Swimmers. Close to Walnut shopping plaza & Heritage Park shopping & restaurants.

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: El Camino Real

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $268k943k

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

Neighborhood: El Camino Real

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18493818

* 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
Greentree Elementary School Primary Regular 517 19 8
Greentree Elementary School Middle Regular 517 19 8
Irvine High School High Regular 1,968 64 9

Greentree Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 19
8
GreatSchools Rating

Greentree Elementary School

  • Education Level: Middle
  • # of students: 517
  • # of teachers: 19
8
GreatSchools Rating

Irvine High School

  • Education Level: High
  • # of students: 1,968
  • # of teachers: 64
9
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$2,952
Property Tax -$758
Property Insurance -$65
Property Management Fees -$160
CASH FLOW
-$666

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.

$850,000

PROJECTED PRICE

$3,270

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.6%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $2.06

    LIST RENT PER SQFT
  • $3,283

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,1003$3,1004$3,1505$3,270
$3,270
RENT COMPS ANALYSIS
  • 4901 Flagstar Circle Irvine, CA 5
    • 4 beds 1 baths ∙ 1,584 Sqft ∙ Built 1971 4 beds 1 baths ∙ 1,584 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $2.06
    •  
  • 5102 Yearling Avenue Irvine, CA 1
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1971
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.96
    •  
  • 5072 Greencap Avenue Irvine, CA 2
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1970
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.09
    •  
  • 4881 Gainsport Circle Irvine, CA 3
    • 4 beds 2 baths ∙ 1,470 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,470 Sqft ∙ Built 1971
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.11
    •  
  • 5121 Doanoke Avenue Irvine, CA 4
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1970
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.13
    •  
PROPERTY LISTING DETAILS
Grace Huang
Presidential Incorporated
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20255486
Last Updated: 01/06/2021
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