Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5709 E Bryce Avenue Orange, CA 92867

5 Beds 4 Baths 2,881 sqft Built 1978

$1,149,500

List Price

$4,200

$4K - $4.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $398.99
  • 4 Days on Market
  • MLS # : OC20238732
  • Updated Date : 11/13/2020 at 10:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,881 sqft
  • Baths : 4 full
Listing Agent

Capital Management Realty, Inc

Listing Agent's Description

Incredible opportunity on this beautiful Mabury Ranch sought after Orange home with a huge lot! A gorgeous landscaped, and concrete steps greet you at the curb and guide you to the front entrance of the home. Upon entering the house, you are instantly struck by the natural flowing concept, high ceilings, pergo and tile flooring, and open kitchen area to the family room. The cozy living room with high ceilings and built in entertainment area is perfect for relaxing with friends and family on these winter evenings. The kitchen is truly a highlight of the home, offering all updated white cabinetry with modern hardware, amazing one of a kind light fixtures, stainless steel appliances, quartz counter tops, all along with its best feature - a counter top overhang perfect for additional seating! There is a master bedroom downstairs with it's own bathroom. Moving upstairs you will find that the bedrooms further express the homes resounding charm. The master, along with its own private restroom and huge open closet. You'll love the convenience of the attached 3 car garage, tons of guest parking and the move-in readiness this home offers. Located in the highly desired Orange neighborhood.

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: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $260k1027k

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

Neighborhood: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $18634135

* 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
Linda Vista Elementary School Primary Regular 483 19 7
Linda Vista Elementary School Middle Regular 483 19 7
Villa Park High School High Regular 2,475 89 8

Linda Vista Elementary School

  • Education Level: Primary
  • # of students: 483
  • # of teachers: 19
7
GreatSchools Rating

Linda Vista Elementary School

  • Education Level: Middle
  • # of students: 483
  • # of teachers: 19
7
GreatSchools Rating

Villa Park High School

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

$1,034,550$1,264,450$1,149,500

PURCHASE PRICE

$3,780$4,620$4,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,200
EXPENSES Loan Payment -$4,241
Property Tax -$1,072
Property Insurance -$95
Property Management Fees -$206
CASH FLOW
-$1,414

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.

$1,149,500

PROJECTED PRICE

$4,200

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.6%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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$310,368

INVESTMENT

$310,368

Down Payment
$287,375
Rehab Estimate
$5,750
Closing Costs
$17,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,241

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,375
Loan Amount $862,125
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,200

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $4,329

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,1003$4,1004$4,2005$4,200
$4,200
RENT COMPS ANALYSIS
  • 5709 E Bryce Avenue Orange, CA 5
    • 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.46
    •  
  • 861 N Red Robin Street Orange, CA 1
    • 4 beds 2 baths ∙ 2,665 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,665 Sqft ∙ Built 1979
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.50
    •  
  • 18801 Ridgewood Lane Villa Park, CA 2
    • 4 beds 3 baths ∙ 3,077 Sqft ∙ Built 1971 4 beds 3 baths ∙ 3,077 Sqft ∙ Built 1971
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.33
    •  
  • 2946 N Weston Street Orange, CA 3
    • 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 1995
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.54
    •  
  • 5638 E Elsinore Ave Orange, CA 4
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 1985
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.64
    •  
PROPERTY LISTING DETAILS
Kris Garrido
Capital Management Realty, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20238732
Last Updated: 11/13/2020
BESbswy