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5 Shadowleaf #33 Irvine, CA 92614

3 Beds 3 Baths 1,435 sqft Built 1985

$729,950

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $508.68
  • 3 Days on Market
  • MLS # : OC21045916
  • Updated Date : 03/05/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,435 sqft
  • Baths : 2 full , 1 half
Listing Agent

Zutila, Inc

Listing Agent's Description

Lovely "Seasons" Woodbridge Community. Corner unit at the end of a cul-de-sac with an abundance of grassy area. Open and bright floor plan with vaulted ceilings, formal dining room, remodeled kitchen with newer countertops and cabinets. The living room has a fireplace and most of the downstairs flooring is newer laminate. Enjoy the amenities of Woodbridge including the Beach House, lagoon, fire pits, tennis / volleyball courts, pools and other recreational activities. Excellent Irvine schools. Similar models sold above $775,000. You have found your new home!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Seasons

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $216k943k

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

Neighborhood: Seasons

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21400160018002000220024002600280030003200340036003800Rent in $13183818

* 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
South Lake Middle School Middle Regular 678 23 8
Woodbridge High School High Regular 2,480 82 10
South Lake Middle School Middle Unknown NA

South Lake Middle School

  • Education Level: Middle
  • # of students: 678
  • # of teachers: 23
8
GreatSchools Rating

Woodbridge High School

  • Education Level: High
  • # of students: 2,480
  • # of teachers: 82
10
GreatSchools Rating

South Lake Middle School

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

$656,955$802,945$729,950

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,535
Property Tax -$662
Property Insurance -$62
HOA -$156
Property Management Fees -$149
CASH FLOW
-$524

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.

$729,950

PROJECTED PRICE

$3,040

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
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

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$199,187

INVESTMENT

$199,187

Down Payment
$182,488
Rehab Estimate
$5,750
Closing Costs
$10,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,535

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,488
Loan Amount $547,463
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$9,728

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $3,031

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,0003$3,0404$3,1005$3,300
$3,300
RENT COMPS ANALYSIS
  • 5 Shadowleaf Irvine, CA 3
    • 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $2.12
    •  
  • 202 Greenmoor Irvine, CA 1
    • 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1984
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.10
    •  
  • 2 Greenmoor Irvine, CA 2
    • 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1984
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.13
    •  
  • 3 Amberleaf Irvine, CA 4
    • 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1986
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.14
    •  
  • 211 Fallingstar Irvine, CA 5
    • 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1985
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.08
    •  
PROPERTY LISTING DETAILS
Donald Ross
Zutila, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21045916
Last Updated: 03/05/2021
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