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7 Badger Irvine, CA 92604

3 Beds 3 Baths 1,870 sqft Built 1974

$928,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $496.26
  • 2 Days on Market
  • MLS # : WS20244499
  • Updated Date : 11/21/2020 at 13:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,870 sqft
  • Baths : 2 full , 1 half
Listing Agent

Win-win Realty

Listing Agent's Description

One bedroom down can be used as a den.Expanded Kitchen, Custom Cabinets,Lighting,Powerful Kitchen ventilation hood and Fans, Built in Refrigerator, Charming Dinning Room +Dramatic,High, smooth Vaulted Ceilings+Fire Place in Living room+New Interior Doors+remote Controlled awnings In an Area of exceptional well kept homes, Outstanding Curb Appeal! Beautiful side and back Patio Gardens, New fencing, Back to a huge , tree-lined, parklike Green Belt, Bay Windows, French Doors, laminated glasses used in several places for sound reduction, skylights, Garage has built in cabinets, work bench, A separate Laundry Laundry Room.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Deerfield

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1046k

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

Neighborhood: Deerfield

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Deerfield Elementary School Primary Regular 671 21 8
Deerfield Elementary School Middle Regular 671 21 8
Irvine High School High Regular 1,968 64 9

Deerfield Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 21
8
GreatSchools Rating

Deerfield Elementary School

  • Education Level: Middle
  • # of students: 671
  • # of teachers: 21
8
GreatSchools Rating

Irvine High School

  • Education Level: High
  • # of students: 1,968
  • # of teachers: 64
9
GreatSchools Rating
 

$835,200$1,020,800$928,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$3,424
Property Tax -$844
Property Insurance -$72
HOA -$60
Property Management Fees -$168
CASH FLOW
-$1,138

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.

$928,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.37%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$251,670

INVESTMENT

$251,670

Down Payment
$232,000
Rehab Estimate
$5,750
Closing Costs
$13,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $232,000
Loan Amount $696,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $1.83

    LIST RENT PER SQFT
  • $3,534

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3953$3,4304$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 7 Badger Irvine, CA 3
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $1.83
    •  
  • 18 Gold Bluff Irvine, CA 1
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1975
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.76
    •  
  • 4381 Manzanita Irvine, CA 2
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1974
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.91
    •  
  • 4381 Skylark Street Irvine, CA 4
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1974
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.96
    •  
  • 17 Sanderling Irvine, CA 5
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1975
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.93
    •  
PROPERTY LISTING DETAILS
Vivi Chu
Win-win Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20244499
Last Updated: 11/21/2020
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