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4918 E Leeds Avenue Orange, CA 92867

3 Beds 3 Baths 1,587 sqft Built 1995

INVESTimate

$789,899

List Price

$3,080

$2,830 - $3,330

Rent Est.

$833,738  ( +5.55%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $497.73
  • 6 Days on Market
  • MLS # : IG20172067
  • Updated Date : 08/25/2020 at 12:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,587 sqft
  • Baths : 2 full , 1 half
Listing Agent

Victoria Properties

Listing Agent's Description

Beautiful single-family home in a highly sought after court located in the Orange Hills on the border of Villa Park and Anaheim Hills. Home has a large lot and is part of The Vistas at Belmont Community. The unparalleled curb appeal, custom brick steps, and lush planting leads you through the door to this entertainer’s glee. High soaring ceilings in the living room featuring plenty of windows for natural light and dramatic window treatments extended into the family room. Upgraded laminate flooring throughout the downstairs. The family room features a cozy brick fireplace and built-in entertainment unit. Spacious and open kitchen with ample cabinet space. Large master suite upgraded designer carpet and walk-in closet. Park-like enclosed back yard features custom hardscape, planter boxes, patio cover, and has plenty of room for entertaining family and friends. Freshly painted exterior. Home has an incredible interior location within the subdivision and is walking distance to the community pool and spa. Excellent schools, Nohl Canyon Elementary, Cerro Villa middle school, and Villa Park High School. Home is within walking distance to the city park with child play area and large grassy area for a variety of activities. Easy access to freeways and toll roads providing great access to all directions.

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

Neighborhood: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $260k1027k

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

Neighborhood: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $18634135

* 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
Nohl Canyon Elementary School Primary Regular 557 17 9
Nohl Canyon Elementary School Middle Regular 557 17 9
Villa Park High School High Regular 2,475 89 8

Nohl Canyon Elementary School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 17
9
GreatSchools Rating

Nohl Canyon Elementary School

  • Education Level: Middle
  • # of students: 557
  • # of teachers: 17
9
GreatSchools Rating

Villa Park High School

  • Education Level: High
  • # of students: 2,475
  • # of teachers: 89
8
GreatSchools Rating
 

$710,909$868,889$789,899

PURCHASE PRICE

$2,772$3,388$3,080

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,914
Property Tax -$739
Property Insurance -$65
HOA -$115
Property Management Fees -$151
CASH FLOW
-$903

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.

$789,899

PROJECTED PRICE

$3,080

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.55%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$215,073

INVESTMENT

$215,073

Down Payment
$197,475
Rehab Estimate
$5,750
Closing Costs
$11,848

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,914

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,475
Loan Amount $592,424
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $2,841

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$3,0804$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 4918 E Leeds Avenue Orange, 3
    • 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $1.94
    •  
  • 5125 E Paddington Court Orange, 1
    • 3 beds 3 baths ∙ 1,415 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,415 Sqft ∙ Built 1996
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.91
    •  
  • 5671 E Stetson Court Anaheim Hills, 2
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1980
    LEASED 04/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.64
    •  
  • 815 S Shanada Court Anaheim Hills, 4
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 1990
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.72
    •  
  • 289 S Avenida Margarita Anaheim Hills, 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1977
    LEASED 03/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.89
    •  
PROPERTY LISTING DETAILS
Frank Rinauro
Victoria Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20172067
Last Updated: 08/25/2020
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