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5844 E Chaparral Court Orange, CA 92869

3 Beds 3 Baths 1,723 sqft Built 1996

$785,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $455.60
  • 20 Days on Market
  • MLS # : PW20217638
  • Updated Date : 10/30/2020 at 05:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,723 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Welcome to the wonderful gated community of The Cottages! This view home truly shows like a model! Upon entry you are welcomed by ample 2-story ceilings, gorgeous wood floors, and plentiful windows with plantation shutters. The open floor plan offers living room, as well as comfortable family room and both beg to be relaxed in and will allow for entertaining with ease. The open kitchen with island and granite countertops is complete with a window over the sink to enjoy the view! French doors lead from the dining area to the well landscaped yard, complete with patio area and view of the hills and city lights! A 2 car direct access garage and a convenient 1/2 bath complete the downstairs tour. Upstairs are 3 bedrooms, 2 full baths and the laundry area. The Master bedroom offers a walk in closet, and even more of that beautiful view to enjoy! On-suite bathroom has dual sinks, a soaking tub and a separate shower. Secondary bedrooms are well designed to share a Jack-and-Jill bathroom. Original owner with pride of ownership included upgrades such as: custom built-ins, 7in. baseboards, crown molding, 4-panel windows, and the list goes on! Meticulously maintained, this is the one you've been waiting for!

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
Linda Vista Elementary School Primary Regular 483 19 7
Linda Vista Elementary School Middle Regular 483 19 7
El Modena High School High Regular 2,196 89 7

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

El Modena High School

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

$706,500$863,500$785,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$2,896
Property Tax -$732
Property Insurance -$68
HOA -$144
Property Management Fees -$152
CASH FLOW
-$883

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.

$785,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.40%

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$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$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $3,278

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9953$3,1104$3,2005$3,600
$3,600
RENT COMPS ANALYSIS
  • 5844 E Chaparral Court Orange, CA 3
    • 3 beds 3 baths ∙ 1,723 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,723 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $1.80
    •  
  • 207 S Dove Street Orange, CA 1
    • 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1987
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.81
    •  
  • 5748 E Pinyon Pine Drive Orange, CA 2
    • 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,528 Sqft ∙ Built 1997
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.96
    •  
  • 5048 E Almond Avenue Orange, CA 4
    • 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1980
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 6031 E Hummingbird Court Orange, CA 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
Melissa Aguilera
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20217638
Last Updated: 10/30/2020
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