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7529 E Autumn Hill Way Orange, CA 92869

3 Beds 2 Baths 1,941 sqft Built 1984

$1,025,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $528.08
  • 6 Days on Market
  • MLS # : PW21011879
  • Updated Date : 02/09/2021 at 14:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,941 sqft
  • Baths : 2 full
Listing Agent

Katnik Brothers R.e. Services

Listing Agent's Description

Welcome to 7529 Autumn Hill Way, a Move-In Ready Single Level Dream Home Located on a Corner Lot in the Cowan Hills Community of Orange. This Sought After Floor Plan Showcases a Gated Courtyard, Three Bedrooms (One Bedroom Currently Used as an Office), Two Full Bathrooms, Vaulted Ceilings, and Natural Light Throughout. The Living Room Enjoys a Soaring Ceiling and Opens to the Dining Room. The Kitchen Includes Ample Counter/Cabinet Space, Double Oven, and Breakfast Nook with Backyard Views. The Kitchen Opens to the Family Room with a Vaulted Ceiling, Cozy Fireplace, Built-In Cabinets, and Backyard Access. The Private Master Suite Enjoys a Walk-In Closet, Secondary Closet, and Master Bathroom. The Master Bathroom Enjoys Dual Vanities, Walk-In Shower, and Separate Tub. Indoor Laundry Room with Sink and Cabinets. Attached Two Car Garage with Built-In Shelves. The Spacious Backyard Includes a Covered Patio, Grass Area, Fruit Trees, and Multiple Seating Areas. Seller Upgrades Include Dual Pane Windows, Tankless Water Heater, Newer HVAC, PEX Re-Pipe, and Added Insulation. Walking Distance to Peters Canyon, Irvine Regional Parks, Santiago Hills Park, Shopping, Restaurants, Coffee Shops, and Hiking/Biking Trails. Easy Access to the 241/261 Toll Roads and 5/55/22 Freeways. 7529 Autumn Hill Way is a Must See!

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
Panorama Elementary School Primary Regular 414 14 9
Panorama Elementary School Middle Regular 414 14 9
El Modena High School High Regular 2,196 89 7

Panorama Elementary School

  • Education Level: Primary
  • # of students: 414
  • # of teachers: 14
9
GreatSchools Rating

Panorama Elementary School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 14
9
GreatSchools Rating

El Modena High School

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

$922,500$1,127,500$1,025,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$3,560
Property Tax -$947
Property Insurance -$73
HOA -$100
Property Management Fees -$164
CASH FLOW
-$1,503

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.

$1,025,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.33%

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-$25k-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$277,375

INVESTMENT

$277,375

Down Payment
$256,250
Rehab Estimate
$5,750
Closing Costs
$15,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $256,250
Loan Amount $768,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$96

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $3,382

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3403$3,6004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 7529 E Autumn Hill Way Orange, CA 2
    • 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $1.72
    •  
  • 399 N Bear Tree Lane Orange, CA 1
    • 3 beds 3 baths ∙ 1,987 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,987 Sqft ∙ Built 1987
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.66
    •  
  • 8124 E Sprucewood Avenue Orange, CA 3
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1988
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.60
    •  
  • 410 N Fawnwood Lane Orange, CA 4
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1987
    property image
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.89
    •  
  • 7843 E Teal Lane Orange, CA 5
    • 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,973 Sqft ∙ Built 1988
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.82
    •  
PROPERTY LISTING DETAILS
John Katnik
Katnik Brothers R.e. Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21011879
Last Updated: 02/09/2021
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