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5722 E Stillwater Avenue #42 Orange, CA 92869

3 Beds 2 Baths 1,161 sqft Built 1984

$568,968

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $490.07
  • 3 Days on Market
  • MLS # : OC21026821
  • Updated Date : 02/12/2021 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,161 sqft
  • Baths : 2 full
Listing Agent

Preferred Investments Real Estate

Listing Agent's Description

Enjoy this incredible 2 Master Suite + Beautiful large LOFT Corner-unit condo in the sought-after Canyon Glen community of Villeurbanne. This home has one of the best views, extremely desirable location within the community!! For a private access, feel free to text and experience the warmth, brightness and delightfulness of an amazing living space featuring an expansive vaulted ceiling. Central air conditioning & heating, stackable washer & dryer, upgraded kitchen Equipped with stainless steel sink and appliances, one car garage plus an additional parking spot. HOA dues include water, trash and access to two community sparkling pools/spas, one directly across the unit. Enjoy some of the incredible local cuisine and take in the breathtaking views on many nearby trails. FHA & VA Approved…Welcome to your new home.

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 Park Acres

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $260k922k

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

Neighborhood: Orange Park Acres

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18633900

* 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
Santiago Middle School Middle Charter 967 38 5
El Modena High School High Regular 2,196 89 7
Santiago Middle School Middle Unknown NA

Santiago Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 38
5
GreatSchools Rating

El Modena High School

  • Education Level: High
  • # of students: 2,196
  • # of teachers: 89
7
GreatSchools Rating

Santiago Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$512,071$625,865$568,968

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,976
Property Tax -$566
Property Insurance -$55
HOA -$271
Property Management Fees -$110
CASH FLOW
-$738

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.

$568,968

PROJECTED PRICE

$2,240

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,527

INVESTMENT

$156,527

Down Payment
$142,242
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,976

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,242
Loan Amount $426,726
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $2,392

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,5003$3,000
$3,000
RENT COMPS ANALYSIS
  • 5722 E Stillwater Avenue Orange, CA 1
    • 3 beds 2 baths ∙ 1,161 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,161 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.93
    •  
  • 285 N Singingwood Street Orange, CA 2
    • 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1985
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.99
    •  
  • 636 N Noble Street Orange, CA 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1971
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.13
    •  
PROPERTY LISTING DETAILS
Jack Tucker
Preferred Investments Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21026821
Last Updated: 02/12/2021
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