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5 Peppercorn Irvine, CA 92603

3 Beds 3 Baths 2,009 sqft Built 2004

$1,098,800

List Price

$3,880

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $546.94
  • 6 Days on Market
  • MLS # : OC21058554
  • Updated Date : 03/26/2021 at 17:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,009 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

New beginning awaits you in this Beautiful turn-key detached home ,located on a Premium Location & just steps from Alderwood Elementary!Upon entering,you will be greeted with Abundance of Natural Light,Fresh Paint throughout,double-pane windows,recessed lightning,new flooring hroughout downstairs.The main living area offers a spacious family room with fireplace & French door to a private front patio.The gourmet kitchen is fully equipped with custom cabinetry,stainless steel appliances,granite counters & center island open to the Dining Room with French Door to Access to Backyard. Just off the dining room, enjoy oversized backyard with new landscaping and hardscaping ideal for outdoor entertaining or a cup of morning coffee.Upstairs master bedroom including private Deck with park View, walk-in closet, Master Bath with Separate His & Hers Vanities, Make-up Counter & Walk-in Shower. Two more spacious bedrooms share a full bathroom. Inside Laundry room with cabinets & a convenient sink complete the second level.Rarely does a trophy property with this level of elegance become available.Resort style neighborhood with amenities including 5 parks, 3 swimming pools, Barbecue and Picnic Areas, tennis and basketball courts, Fitness Center and Hiking Trails . Award winning schools. minutes from Quail Hill Shopping Center, Los Olivos Shopping Center, Irvine Spectrum Center, Kaiser Permanente, Hoag Medical Centers, John Wayne Airport, and Laguna Beach! Low HOA.Low Tax rate.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Laurel

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $272k1641k

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

Neighborhood: Laurel

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200025003000350040004500500055006000Rent in $18176043

* 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
Rancho San Joaquin Middle School Middle Regular 856 24 9
University High School High Regular 2,527 84 10
Rancho San Joaquin Middle School Middle Unknown NA

Rancho San Joaquin Middle School

  • Education Level: Middle
  • # of students: 856
  • # of teachers: 24
9
GreatSchools Rating

University High School

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

Rancho San Joaquin Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$988,920$1,208,680$1,098,800

PURCHASE PRICE

$3,492$4,268$3,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,880
EXPENSES Loan Payment -$3,817
Property Tax -$1,219
Property Insurance -$76
HOA -$94
Property Management Fees -$190
CASH FLOW
-$1,515

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.

$1,098,800

PROJECTED PRICE

$3,880

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.98%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,932

INVESTMENT

$296,932

Down Payment
$274,700
Rehab Estimate
$5,750
Closing Costs
$16,482

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,700
Loan Amount $824,100
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$121

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,880

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $3,626

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4003$3,6004$3,8805$4,000
$4,000
RENT COMPS ANALYSIS
  • 5 Peppercorn Irvine, CA 4
    • 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,009 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,880
    • $1.93
    •  
  • 135 Tall Oak Irvine, CA 1
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2004
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.71
    •  
  • 313 Tall Oak Irvine, CA 2
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2003
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.76
    •  
  • 78 Figtree Irvine, CA 3
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2003
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.87
    •  
  • 11 Canopy Irvine, CA 5
    • 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 2004
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.88
    •  
PROPERTY LISTING DETAILS
Bita Tahmasebi
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21058554
Last Updated: 03/26/2021
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