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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $471.12
- 2 Days on Market
- MLS # : PW20247751
- Updated Date : 11/28/2020 at 15:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,441 sqft
- Baths : 2 full , 1 half
Listing Agent
T.n.g. Real Estate Consultants
Listing Agent's Description
East Orange meets Santa Barbara Style! Single story, Spanish colonial vibe home nestled in the foothills. Gutted & remodeled in 2017 with no expense spared! Rustic arched door greets you in the courtyard. Rustic hardwood floors throughout, smooth walls, lots of arches. Six-figure gourmet kitchen with HUGE island. Leather-finish quartzite countertops, custom cabinetry, tile backsplash, walk-in panty, custom-built hutch. 6-burner pro-range & add’l wall oven. Family room boasts a charming fireplace, disappearing panoramic doors that open completely to the patio for entertaining. Formal dining, formal living. The master wing is private and separate from the other bedrooms. Master is spacious with vaulted ceilings and walk-in closet with additional large, mirrored closet. Hotel-style bathroom delights custom cabinetry, a 72-gallon tub, marble shower built for two, heated travertine floors. All newer elect., pluming, tankless hot water, dual-zone a/c. dual pane windows, ceiling fans throughout, panel doors. 4th bedroom is currently an office ready for business w/ view of the courtyard. The 3-car garage was rebuilt with 23 ft. length & height for a lift. Wide, deep RV parking w/ sewer hookup. Wired CAT-5/Alarm/Cameras. NO HOA - Quiet cul-de-sac, 11,000 sq. ft. lot with pool-sized yard. This neighborhood is tucked away and a best-kept secret! Near hiking trails, 22/55/241 fwys. Enjoy this one-of-a-kind home! Enjoy the virtual tour, too!
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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: Orange Park Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Orange Park Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,070 |
| EXPENSES | Loan Payment | -$4,243 |
| Property Tax | -$1,053 | |
| Property Insurance | -$85 | |
| Property Management Fees | -$199 | |
|
CASH FLOW
-$1,510
|
||
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.
$1,150,000
PROJECTED PRICE
$4,070
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$310,500
LOAN DETAILS
$4,243
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $287,500 |
| Loan Amount | $862,500 |
0.33
YEARS SAVED
$1,106
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,070
LIST RENT -
$1.67
LIST RENT PER SQFT
-
$4,070
COMP ESTIMATED VALUE -
$1.67
COMP AVG. RENT PER SQFT
Comps Range
-
759 N Bridle Orange, CA 2
- 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $4,070
- $1.67
-
4731 E Blue Jay Avenue Orange, CA 1
- 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 1978
![property image]()
LEASED 11/13/19- Rent
- Rent Per SQFT
- $3,650
- $1.54
-
5915 E Bunker Hill Avenue Orange, CA 3
- 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1976
![property image]()
LEASED 09/18/20- Rent
- Rent Per SQFT
- $4,200
- $1.66
-
5638 E Elsinore Ave Orange, CA 4
- 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 1985
![property image]()
LEASED 09/22/20- Rent
- Rent Per SQFT
- $4,200
- $1.64
-
6238 E Cliffway Drive Orange, CA 5
- 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1996
![property image]()
LEASED 06/12/20- Rent
- Rent Per SQFT
- $4,300
- $1.83
PROPERTY LISTING DETAILS
T.n.g. Real Estate Consultants
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20247751
Last Updated: 11/28/2020
