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7 Fieldflower #6 Irvine, CA 92614

4 Beds 3 Baths 2,281 sqft Built 1984

$950,000

List Price

$3,880

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $416.48
  • 2 Days on Market
  • MLS # : OC20264289
  • Updated Date : 01/02/2021 at 15:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,281 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pacific Platinumpropertiesinc

Listing Agent's Description

Welcome to 7 Fieldflower. This stunning Windsor Estate home has been tastefully renovated with an attention to detail that is not to be missed. This home has an amazing amount of natural light and is positioned perfectly at the end of a cul-de-sac with an extra long driveway. As you enter the home you will be welcomed in by the warm hardwood floors and the high ceilings of the formal living room. The down stairs has a perfectly open floor plan that allows plenty of space for dining and entertaining. The kitchen has been remodeled and features quartz countertops and white shaker cabinets. Stainless steel appliances finish out the polished presentation of the kitchen that overlooks the back patio. With one bedroom down stairs and three located upstairs the property allows for a flexible living space that could utilize one room or more rooms as an office or den. The Master Bathroom has been completely remodeled to feature an extra large walk in shower with floor to ceiling tiles and a bench seat. To complete the look the home was finished with new hardware, new baseboards down stairs and fresh paint. Located walking distance the Woodbridge Lake, award winning Irvine schools, and local shops. With no additional Mello Roos tax’s Woodbirdge offers resort style amenities that include 2 lakes, 2 lagoons, private fishing and boating, pools, tennis courts, parks and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodbridge

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $261k943k

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

Neighborhood: Woodbridge

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
Meadow Park Elementary School Primary Regular 685 24 9
Meadow Park Elementary School Middle Regular 685 24 9
Woodbridge High School High Regular 2,480 82 10

Meadow Park Elementary School

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 24
9
GreatSchools Rating

Meadow Park Elementary School

  • Education Level: Middle
  • # of students: 685
  • # of teachers: 24
9
GreatSchools Rating

Woodbridge High School

  • Education Level: High
  • # of students: 2,480
  • # of teachers: 82
10
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,492$4,268$3,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,880
EXPENSES Loan Payment -$3,505
Property Tax -$863
Property Insurance -$82
HOA -$450
Property Management Fees -$190
CASH FLOW
-$1,210

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.

$950,000

PROJECTED PRICE

$3,880

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.8%
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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,880

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $3,878

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,7993$3,8804$3,9005$4,200
$4,200
RENT COMPS ANALYSIS
  • 7 Fieldflower Irvine, CA 3
    • 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $3,880
    • $1.70
    •  
  • 34 Redwood Tree Lane Irvine, CA 1
    • 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1969
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.69
    •  
  • 22 Thunder Trl Irvine, CA 2
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1980
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,799
    • $1.65
    •  
  • 3 Warmspring Irvine, CA 4
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1981
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.63
    •  
  • 12 Silkgrass Irvine, CA 5
    • 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1984
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.84
    •  
PROPERTY LISTING DETAILS
Dave Castle
Pacific Platinumpropertiesinc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20264289
Last Updated: 01/02/2021
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