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5052 Boxwood Irvine, CA 92612

3 Beds 2 Baths 1,532 sqft Built 1973

$839,995

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $548.30
  • 8 Days on Market
  • MLS # : OC20225275
  • Updated Date : 10/31/2020 at 05:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 2 full
Listing Agent

Black Orchid Realty

Listing Agent's Description

Location, Location, Location - Welcome home! This spacious single level home features 3 bedroom/ 2 full baths, 1532 sqft of living space, and is nestled away in the highly desirable community of Terrace located in University Park. Located in the highly sought-after and award-winning Irvine Unified School District, this home has low HOA and no Mello Roos. Convenient freeway access, close proximity to UCI, and steps away from shopping and Strawberry Farms make this home ideally located. The home features stunning brand new water-proof luxury flooring throughout, brand new gorgeous quartz kitchen countertops, upgraded windows, a beautiful fireplace, and a great flowing floorplan. The corner lot location adds great privacy and spanning tranquil views right from your kitchen and dining room. The home is near parks and situated in a quiet cul-de-sac, making it ideal for any family. With inventory so low in the Terrance community, come see this home as soon as possible - it won't last!

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: Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $233k943k

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

Neighborhood: Terrace

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15863818

* 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
University Park Elementary School Primary Regular 541 19 7
Rancho San Joaquin Middle School Middle Regular 856 24 9
University High School High Regular 2,527 84 10

University Park Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 19
7
GreatSchools Rating

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
 

$755,996$923,995$839,995

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$3,099
Property Tax -$749
Property Insurance -$64
HOA -$234
Property Management Fees -$169
CASH FLOW
-$875

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.

$839,995

PROJECTED PRICE

$3,440

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,349

INVESTMENT

$228,349

Down Payment
$209,999
Rehab Estimate
$5,750
Closing Costs
$12,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $209,999
Loan Amount $629,996
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,440

    LIST RENT
  • $2.25

    LIST RENT PER SQFT
  • $3,428

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,3004$3,4405$3,500
$3,500
RENT COMPS ANALYSIS
  • 5052 Boxwood Irvine, CA 4
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $2.25
    •  
  • 5165 Maple Irvine, CA 1
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1974
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.02
    •  
  • 5162 Maple Irvine, CA 2
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1974
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.29
    •  
  • 5151 Thorn Tree Lane Irvine, CA 3
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1975
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.36
    •  
  • 5201 Thorn Tree Lane Irvine, CA 5
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1974
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.28
    •  
PROPERTY LISTING DETAILS
Arash Ghods
Black Orchid Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20225275
Last Updated: 10/31/2020
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