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4975 Paseo Dali Irvine, CA 92603

3 Beds 2 Baths 1,512 sqft Built 1973

$900,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $595.24
  • 13 Days on Market
  • MLS # : 20673910
  • Updated Date : 01/09/2021 at 10:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,512 sqft
  • Baths : 2 full
Listing Agent

Johnhart Corp.

Listing Agent's Description

Welcome to beautiful Irvine! Highly sought after Turtle Rock community. Top school district and ranked one of the best places to raise a family. Short distance to the UC Irvine Campus and University high school, this lovely home provides 3-bedrooms and 2-bathrooms set within a spacious 1,512 sqft plus an attached garage! Featuring hardwood floors, a working gas fireplace, washer/dryer units, a permitted enclosed sunroom, plus the addition of a home office, this property has a great layout! Property includes lemon, fig pomegranate jujube trees as well as a grape vine. As part of an HOA this home has access to the community pool and a convenient event space. Just minutes away from the college campus, Turtle Rock Elementary School, Target, Albertsons, local restaurants, minutes from the Newport Center, local hiking trails, beaches and more!

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: Broadmoor Campus View

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900k950kPrice in $272k989k

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

Neighborhood: Broadmoor Campus View

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19483818

* 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
Turtle Rock Elementary School Primary Regular 923 29 10
Turtle Rock Elementary School Middle Regular 923 29 10
University High School High Regular 2,527 84 10

Turtle Rock Elementary School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 29
10
GreatSchools Rating

Turtle Rock Elementary School

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 29
10
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 2,527
  • # of teachers: 84
10
GreatSchools Rating
 

$810,000$990,000$900,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,126
Property Tax -$791
Property Insurance -$64
HOA -$160
Property Management Fees -$161
CASH FLOW
-$1,012

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.

$900,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.8%
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-$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$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $225,000
Loan Amount $675,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $2.18

    LIST RENT PER SQFT
  • $3,281

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$3,290
1$3,2902$3,4003$3,4004$3,4505$3,450
$3,450
RENT COMPS ANALYSIS
  • 4975 Paseo Dali Irvine, CA 1
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $2.18
    •  
  • 5001 Paseo Dali Irvine, CA 2
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1973
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.25
    •  
  • 36 Cool Brook Irvine, CA 3
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1976
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.16
    •  
  • 34 Cool Brook Irvine, CA 4
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1976
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.19
    •  
  • 18721 Paseo Picasso Irvine, CA 5
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1973
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $2.08
    •  
PROPERTY LISTING DETAILS
Nathaniel Vigeant
Johnhart Corp.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20673910
Last Updated: 01/09/2021
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