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7830 E Teal Lane Orange, CA 92869

3 Beds 3 Baths 1,754 sqft Built 1987

$899,900

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $513.06
  • 4 Days on Market
  • MLS # : OC21039523
  • Updated Date : 02/25/2021 at 20:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,754 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pacific Blue Realty, Inc.

Listing Agent's Description

Call to see it 949-973-4492***NO HOA ! TURNKEY ! BEAUTIFULLY LANDSCAPED HUGE CORNER LOT ! WELCOME HOME !*** This stunning 3 bedroom, 3 bath home is situated on one of the largest lots in the neighborhood with custom hardscape and landscape in front and rear yard ! This property feat. a large, formal entry way with soaring ceilings, and beautiful travertine tile ! The oversized living room is perfect for entertaining family and guests. The formal dining room is detailed with new windows and plantation shutters. The kitchen is open, light and bright with windows from top to bottom ! Newer appliances, custom stone countertops, lots of storage space and custom cabinetry compliment this kitchen at its core ! Perfect for home chef or one that loves to entertain ! Custom oak staircase railing leads to the upstairs ! The master bedroom is stunning w/ high ceilings, and offers beautiful views, large walk-in closet w/ plenty of storage space. The master bathroom boasts upgraded vanity with dual sinks, bathtub and separate walk-in shower ! The second and third bedrooms feat. high ceilings, large windows w/ custom shutters and closets with plenty of storage ! Attached garage with built-ins and drive way ! The oversized backyard is beautifully landscaped and offers an abundance of privacy ! This property is TURNKEY, sits on a safe, quiet street and within a HIGHLY DESIRED COMMUNITY ! It’s close to neighboring parks, schools, and only minutes away from major attractions, major shopping

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: Santiago Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $260k922k

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

Neighborhood: Santiago Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18633818

* 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
Santiago Middle School Middle Charter 967 38 5
El Modena High School High Regular 2,196 89 7
Santiago Middle School Middle Unknown NA

Santiago Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 38
5
GreatSchools Rating

El Modena High School

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

Santiago Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$809,910$989,890$899,900

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$3,126
Property Tax -$949
Property Insurance -$68
Property Management Fees -$148
CASH FLOW
-$1,262

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.

$899,900

PROJECTED PRICE

$3,030

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 7.4%
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

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$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$121

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,030

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $3,048

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0303$3,3004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 7830 E Teal Lane Orange, CA 2
    • 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $1.73
    •  
  • 7928 E Horseshoe Orange, CA 1
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1976
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.58
    •  
  • 399 N Bear Tree Lane Orange, CA 3
    • 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
    •  
  • 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
Britt Fulton
Pacific Blue Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21039523
Last Updated: 02/25/2021
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