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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodbridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$257,500
LOAN DETAILS
$3,505
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $237,500 |
| Loan Amount | $712,500 |
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
-
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
Pacific Platinumpropertiesinc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20264289
Last Updated: 01/02/2021
