Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8588 Rock Fish Circle Fountain Valley, CA 92708

4 Beds 3 Baths 2,706 sqft Built 1975

$1,249,000

List Price

$4,040

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $461.57
  • 4 Days on Market
  • MLS # : OC21037410
  • Updated Date : 02/25/2021 at 18:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,706 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Situated on a 10,675 SF Cul-de-Sac Lot, Steps to Fulton Park & School, this Gorgeous Park Place Pool Home is Highly Upgraded & Boasts 4 Bedrms, 2.5 Baths, Downstairs Bonus Rm w/Closet (can be X-Large 5th Bedrm), 2706 SF, PLUS Additional Rm off Master (Perfect Gym or Office) and SPECTACULAR Entertainer's Dream Backyard w/Sparkling Pool, Spa, BBQ/Outdoor Kitchen w/Seating for 6, Covered Patio, Gazebo w/Fireplace, Shed w/Workshop & Storage, Raised Planters & Manicured Landscaping. It Features: Cathedral Ceilings,Paid-For Solar Lease,A/C,Whole House Fan, Ceiling Fans, Milgard Dual Pane Windows, French Doors, Engineered Wood & Tile Flooring, Recessed Lighting, Crown Molding, Raised Panel Doors, Double Door Entry w/Beveled Glass & Matching Transom Window, Security System w/Cameras +TV & Remodeled Gourmet Kitchen w/Granite Countertops, Stainless Appliances (New Elec Cooktop, New Double Ovens, Microwave), Custom Cabinetry w/Pull-Outs, Breakfast Bar & Sunlit Casual Dining Rm Overlooking Family Rm w/Custom Granite Fireplace & Granite Wet Bar w/Custom Cabinetry w/Glass & Wine Storage. Luxurious Master Suite has Large Retreat, Slider to Private Balcony/Patio Overlooking Backyard, Walk-In Custom Organized Closet, His/Hers Vanities, Privacy Toilet, Jetted Soaking Tub, Separate Shower w/Designer Tile Surround, Sitting Bench & Frameless Clear Glass Enclosure. 3 Spacious Guest Bedrms Upstairs, Plus Remodeled Marble Guest Bath. Oversized Garage w/Laundry & Workshop Area, Plus Built-In Storage.

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: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k816k

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

Neighborhood: Fountain Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2180020002200240026002800300032003400Rent in $17723435

* 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
Roch Courreges Elementary School Primary Regular 667 24 10
Harry C. Fulton Middle School Middle Regular 797 31 10
Fountain Valley High School High Regular 3,704 127 9

Roch Courreges Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 24
10
GreatSchools Rating

Harry C. Fulton Middle School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 31
10
GreatSchools Rating

Fountain Valley High School

  • Education Level: High
  • # of students: 3,704
  • # of teachers: 127
9
GreatSchools Rating
 

$1,124,100$1,373,900$1,249,000

PURCHASE PRICE

$3,636$4,444$4,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,040
EXPENSES Loan Payment -$4,338
Property Tax -$1,228
Property Insurance -$92
Property Management Fees -$198
CASH FLOW
-$1,817

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,249,000

PROJECTED PRICE

$4,040

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$336,735

INVESTMENT

$336,735

Down Payment
$312,250
Rehab Estimate
$5,750
Closing Costs
$18,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,338

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,250
Loan Amount $936,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$155

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,040

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $4,160

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,9853$4,0004$4,0405$4,100
$4,100
RENT COMPS ANALYSIS
  • 8588 Rock Fish Circle Fountain Valley, CA 4
    • 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $4,040
    • $1.49
    •  
  • 19162 Homestead Lane Huntington Beach, CA 1
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1974
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.56
    •  
  • 18114 Santa Arabella Street Fountain Valley, CA 2
    • 5 beds 3 baths ∙ 2,620 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,620 Sqft ∙ Built 1970
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,985
    • $1.52
    •  
  • 9322 Flicker Avenue Fountain Valley, CA 3
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1971
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.53
    •  
  • 8956 Thames River Avenue Fountain Valley, CA 5
    • 4 beds 1 baths ∙ 2,671 Sqft ∙ Built 1972 4 beds 1 baths ∙ 2,671 Sqft ∙ Built 1972
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.54
    •  
PROPERTY LISTING DETAILS
Lily Campbell
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21037410
Last Updated: 02/25/2021
BESbswy