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63 Agostino Irvine, CA 92614

3 Beds 3 Baths 1,604 sqft Built 1987

$749,900

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $467.52
  • 4 Days on Market
  • MLS # : OC21039759
  • Updated Date : 02/26/2021 at 13:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,604 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Estates

Listing Agent's Description

Experience Westpark living at its finest. The residence is set in a highly desirable interior, end-unit location with 1,604 square feet of living area. The home boasts three spacious bedrooms and three bathrooms with no one above or below. The floor plan includes an inviting personality with one of the largest floor plans in the community. Warm ambient light fills all living spaces year round. The master suite has vaulted ceilings, a spacious walk-in closet and a bonus slider closet. The kitchen features quartz counter tops and white cabinets. The home is finished with low maintenance flooring in the main living area and direct access to the spacious two car garage. The community is set with well-maintained grounds, a sparkling pool, and plenty of guest parking. In essence, this is the perfect place to call 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: Westpark las Palmas

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $263k943k

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

Neighborhood: Westpark las Palmas

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $14363818

* 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
South Lake Middle School Middle Regular 678 23 8
University High School High Regular 2,527 84 10
South Lake Middle School Middle Unknown NA

South Lake Middle School

  • Education Level: Middle
  • # of students: 678
  • # of teachers: 23
8
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 2,527
  • # of teachers: 84
10
GreatSchools Rating

South Lake Middle School

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

$674,910$824,890$749,900

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,605
Property Tax -$761
Property Insurance -$66
HOA -$320
Property Management Fees -$142
CASH FLOW
-$1,003

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.

$749,900

PROJECTED PRICE

$2,890

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 7.2%
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

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $3,264

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8903$3,2004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 63 Agostino Irvine, CA 2
    • 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.80
    •  
  • 94 Almador Irvine, CA 1
    • 3 beds 3 baths ∙ 1,407 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,407 Sqft ∙ Built 1989
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.92
    •  
  • 14 Adelante Irvine, CA 3
    • 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1987
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.06
    •  
  • 3 Cordero Irvine, CA 4
    • 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 1989
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.12
    •  
  • 3615 Fenn Street Irvine, CA 5
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1969
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.04
    •  
PROPERTY LISTING DETAILS
Alexander Yu
First Team Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21039759
Last Updated: 02/26/2021
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