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8822 El Capitan Avenue Fountain Valley, CA 92708

4 Beds 2 Baths 1,684 sqft Built 1964

$880,000

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $522.57
  • 4 Days on Market
  • MLS # : OC21050131
  • Updated Date : 03/25/2021 at 16:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,684 sqft
  • Baths : 2 full
Listing Agent

Trust Properties Usa

Listing Agent's Description

Located in one of the best neighborhoods in Fountain Valley, this neighborhood rarely has homes come on the market. This two-story home with a large pool, features a large living room and family room, open kitchen, two bedrooms and downstairs, and two bedrooms upstairs. The home has been well maintained but is in need of some updating. Locate within the boundaries of some of the best schools in Orange county.

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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: 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
 

$792,000$968,000$880,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$3,057
Property Tax -$865
Property Insurance -$68
Property Management Fees -$156
CASH FLOW
-$966

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.

$880,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.36%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$238,950

INVESTMENT

$238,950

Down Payment
$220,000
Rehab Estimate
$5,750
Closing Costs
$13,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,057

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $220,000
Loan Amount $660,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,422

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.89

    LIST RENT PER SQFT
  • $3,254

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,180
1$3,1802$3,2003$3,4004$3,4505$3,600
$3,600
RENT COMPS ANALYSIS
  • 8822 El Capitan Avenue Fountain Valley, CA 1
    • 4 beds 2 baths ∙ 1,684 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,684 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.89
    •  
  • 17306 Pepper Tree Street Fountain Valley, CA 2
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1963
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.04
    •  
  • 18322 Lisa Lane Huntington Beach, CA 3
    • 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 1959
    property image
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.01
    •  
  • 18321 Santa Joanana Fountain Valley, CA 4
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1972
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.82
    •  
  • 18096 S 3rd Street Fountain Valley, CA 5
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1975
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.86
    •  
PROPERTY LISTING DETAILS
Jason Salata
Trust Properties Usa
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21050131
Last Updated: 03/25/2021
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