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5715 E Stillwater Avenue # 3 
Orange, CA
92869
3 Beds 3 Baths 1,735 sqft
Built 1986
INVESTimate
$595,000
List Price
$163,425
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $342.94
- 6 Days on Market
- MLS # : NP20161546
- Updated Date : 08/25/2020 at 11:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,735 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathaway Homeservice
Listing Agent's Description
Magnificent Stream House condo located in the city of Orange. The chic residence offers a spacious living room with fireplace and a private patio with lush greenery for ultimate privacy. The condo offers 3 bedrooms and two and one half baths. Highlights include wood flooring, completely remodeled gourmet kitchen with center island, stainless steel appliances, beautiful dark wood cabinets and a nook. Formal dining room and family room opens to an enclosed patio perfect for entertaining friends and family. The community offers three pools, two spas, Barbecue area and a clubhouse. Within a close proximity to Peter's Canyon and Santiago Oaks parks, perfect for biking, equestrian trails, Chapman University, Santiago Canyon College and freeways. Do not miss this beauty.
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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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
- As part of Southern California area, Orange County market inherits all the benefits from the area.
- 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)
PRICE & RENT TRENDS
Neighborhood: Orange Park Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Orange Park Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,900 |
| EXPENSES | Loan Payment | -$2,195 |
| Property Tax | -$592 | |
| Property Insurance | -$68 | |
| HOA | -$304 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$402
|
||
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.
$595,000
PROJECTED PRICE
$2,900
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 4.51% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$163,425
LOAN DETAILS
$2,195
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $148,750 |
| Loan Amount | $446,250 |
2.25
YEARS SAVED
$11,209
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,900
LIST RENT -
$1.67
LIST RENT PER SQFT
-
$3,019
COMP ESTIMATED VALUE -
$1.74
COMP AVG. RENT PER SQFT
Comps Range
-
5715 E Stillwater Avenue Orange, 2
- 3 beds 3 baths ∙ 1,735 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,735 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $2,900
- $1.67
-
144 S Waterwheel Way Orange, 1
- 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1979
LEASED 10/23/19- Rent
- Rent Per SQFT
- $2,600
- $1.71
-
242 S Crawford Canyon Road Orange, 3
- 3 beds 3 baths ∙ 1,706 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,706 Sqft ∙ Built 1984
LEASED 04/01/19- Rent
- Rent Per SQFT
- $3,000
- $1.76
-
5830 E Indigo Court Orange, 4
- 3 beds 3 baths ∙ 1,933 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,933 Sqft ∙ Built 1996
LEASED 08/01/20- Rent
- Rent Per SQFT
- $3,200
- $1.66
-
6031 E Hummingbird Court Orange, 5
- 4 beds 3 baths ∙ 1,966 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,966 Sqft ∙ Built 1996
LEASED 07/25/19- Rent
- Rent Per SQFT
- $3,600
- $1.83
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservice
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: NP20161546
Last Updated: 08/25/2020
