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5010 E Shoshone Avenue Orange, CA 92867

3 Beds 3 Baths 2,140 sqft Built 1972

$998,800

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $466.73
  • 12 Days on Market
  • MLS # : IG21020057
  • Updated Date : 02/08/2021 at 10:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,140 sqft
  • Baths : 2 full , 1 half
Listing Agent

Remax One

Listing Agent's Description

VIEW, VIEW, VIEW! Welcome home to this well loved and cared for from original owners! This is a gorgeous two story home with incredible views of the hills, city lights and Catalina. Featuring approx. 2,140 square feet of interior living space and large 9,594 square foot lot, an oversized 3 car garage. Newer roof, newly installed heating system. Tankless water heater. This home has 3 bedrooms and 2.5 baths (all bedrooms are upstairs). Double door entry opens to a bright and spacious floor-plan with beautiful upgraded hardwood flooring and vaulted ceiling. Formal dining room and living room with brick fireplace. The kitchen has granite counter tops & backsplash, kitchen island, gas cooktops, double ovens, upgraded fixtures, recessed lighting and eating area. Spacious family room w/wet bar, ceiling fan, wood-burning gas stove, plantation shutters. Lovely master bedroom with vaulted ceilings, ceiling fan, bathroom has an oversized jacuzzi tub, extra large walk-in closet and a huge walk-in attic perfect for storage. Enjoy the amazing views from the backyard with large covered patio with recessed lighting and outdoor sink and storage cabinets. A truly beautiful home situated on a secluded tree-lined street neighboring Villa Park. Conveniently located in the Orange School District. Villa Park Elementary, Cerro Villa Middle School and Villa Park High School. Near Orange Park Acres, biking and hiking trails and much, much 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: Villa Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $260k1388k

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

Neighborhood: Villa Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000420044004600Rent in $18634662

* 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
Cerro Villa Middle School Middle Regular 1,028 40 6
Villa Park High School High Regular 2,475 89 8

Cerro Villa Middle School

  • Education Level: Middle
  • # of students: 1,028
  • # of teachers: 40
6
GreatSchools Rating

Villa Park High School

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

$898,920$1,098,680$998,800

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$3,469
Property Tax -$978
Property Insurance -$78
Property Management Fees -$168
CASH FLOW
-$1,263

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.

$998,800

PROJECTED PRICE

$3,430

PROJECTED RENT

0.34%

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

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$270,432

INVESTMENT

$270,432

Down Payment
$249,700
Rehab Estimate
$5,750
Closing Costs
$14,982

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,469

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,700
Loan Amount $749,100
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$494

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $3,809

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$3,395
1$3,3952$3,4303$3,5004$3,9955$4,200
$4,200
RENT COMPS ANALYSIS
  • 5010 E Shoshone Avenue Orange, CA 2
    • 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $1.60
    •  
  • 2051 N Mori Lane Orange, CA 1
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1964
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.79
    •  
  • 990 N Wanda Road Orange, CA 3
    • 4 beds 2 baths ∙ 2,003 Sqft ∙ Built 1952 4 beds 2 baths ∙ 2,003 Sqft ∙ Built 1952
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.75
    •  
  • 1982 N Mammoth Circle Orange, CA 4
    • 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 1981
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.71
    •  
  • 5928 E Bunker Hill Avenue Orange Park Acres, CA 5
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1977
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.87
    •  
PROPERTY LISTING DETAILS
Rosa Chavez
Remax One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21020057
Last Updated: 02/08/2021
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