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5410 W Davit Avenue Santa Ana, CA 92704

4 Beds 2 Baths 1,370 sqft Built 1962

$709,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $517.52
  • 6 Days on Market
  • MLS # : OC20226064
  • Updated Date : 12/12/2020 at 18:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,370 sqft
  • Baths : 2 full
Listing Agent

Ben Tibollo, Broker

Listing Agent's Description

Welcome to your new family home, 5410 W. Davit! This is a wonderful opportunity in a coveted neighborhood within walking distance to La Quinta High School, St. Barbara’s Church and Mile Square Park. Home features 4 bedrooms and 2 baths. Property includes 30k in owned (not leased) solar power production with new electric panel newer central heat, central air system and water tank. Just freshly painted make this move in ready for your family. Large turfed backyard and two car garage with additional on-site parking for several vehicles.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: West Side

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $194k742k

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

Neighborhood: West Side

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $14573345

* 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
Anthony Elementary School Primary Regular 475 18 8
Mcgarvin Intermediate School Middle Regular 810 27 9
La Quinta High School High Regular 2,142 78 10

Anthony Elementary School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 18
8
GreatSchools Rating

Mcgarvin Intermediate School

  • Education Level: Middle
  • # of students: 810
  • # of teachers: 27
9
GreatSchools Rating

La Quinta High School

  • Education Level: High
  • # of students: 2,142
  • # of teachers: 78
10
GreatSchools Rating
 

$638,100$779,900$709,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,616
Property Tax -$720
Property Insurance -$60
Property Management Fees -$130
CASH FLOW
-$876

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$709,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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$193,635

INVESTMENT

$193,635

Down Payment
$177,250
Rehab Estimate
$5,750
Closing Costs
$10,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,616

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,250
Loan Amount $531,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,621

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $2,798

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7503$2,8004$2,8005$3,100
$3,100
RENT COMPS ANALYSIS
  • 5410 W Davit Avenue Santa Ana, CA 1
    • 4 beds 2 baths ∙ 1,370 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,370 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.93
    •  
  • 10552 Melric Avenue Garden Grove, CA 2
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1962
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.12
    •  
  • 15181 Starboard Street Garden Grove, CA 3
    • 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1962
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.17
    •  
  • 10662 Henderson Avenue Garden Grove, CA 4
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1963
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.93
    •  
  • 5428 W Wisteria Place Santa Ana, CA 5
    • 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1963
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.95
    •  
PROPERTY LISTING DETAILS
Ben Tibollo
Ben Tibollo, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20226064
Last Updated: 12/12/2020
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