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909 E 19th Street Santa Ana, CA 92706

3 Beds 2 Baths 1,633 sqft Built 1968

$699,998

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $428.66
  • 4 Days on Market
  • MLS # : OC20261665
  • Updated Date : 12/24/2020 at 15:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,633 sqft
  • Baths : 2 full
Listing Agent

Harcourts Prime Properties

Listing Agent's Description

Charming 3 bedroom 2 bath single family home located in the heart of the desirable Santiago Park Community. Walk through the double doored entrance to a spacious open floor plan, boasting an abundance of natural light and upgraded recess lighting throughout. Kitchen has ample cabinet space, and granite countertops. Connected to the it is the sizable dining room with high vaulted ceilings with custom wooden beam work. The living room has a gas fireplace and fully equipped with surround system speakers installed in the ceiling. This gem offers the perfect outdoor retreat with this private backyard with a covered patio area, fruit trees, and a yard perfect for entertaining. Along with a dedicated laundry room, parking has never been easier with an attached 2 car garage and additional 2 spots on the driveway. Additional storage space is located in the attic above. Just minutes from Main Place, and the 55/5/22 freeways allows for easy access to the Blocks Outlets, Crystal Cathedral, Little Saigon, South Coast Plaza, Disneyland Resort, Angel Stadium, and Honda Center. Don't miss out on your chance to call this home!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Park Santiago

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $205k742k

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

Neighborhood: Park Santiago

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $16013345

* 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
Herbert Hoover Elementary School Primary Regular 437 17 4
Raymond A. Villa Fundamental Intermediate School Middle Regular 1,348 46 3
Santa Ana High School High Regular 2,741 110 3

Herbert Hoover Elementary School

  • Education Level: Primary
  • # of students: 437
  • # of teachers: 17
4
GreatSchools Rating

Raymond A. Villa Fundamental Intermediate School

  • Education Level: Middle
  • # of students: 1,348
  • # of teachers: 46
3
GreatSchools Rating

Santa Ana High School

  • Education Level: High
  • # of students: 2,741
  • # of teachers: 110
3
GreatSchools Rating
 

$629,998$769,998$699,998

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,583
Property Tax -$723
Property Insurance -$67
Property Management Fees -$149
CASH FLOW
-$472

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.

$699,998

PROJECTED PRICE

$3,050

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 7.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,249

INVESTMENT

$191,249

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $524,999
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$17,376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $3,148

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9503$3,0504$3,4005$3,400
$3,400
RENT COMPS ANALYSIS
  • 909 E 19th Street Santa Ana, CA 3
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.87
    •  
  • 1630 E Fruit Street Santa Ana, CA 1
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1977
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.91
    •  
  • 809 Grovemont Street Santa Ana, CA 2
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1952
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.85
    •  
  • 2425 N Linwood Avenue Santa Ana, CA 4
    • 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 1972
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.94
    •  
  • 2218 N Linwood Avenue Santa Ana, CA 5
    • 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 1967
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.01
    •  
PROPERTY LISTING DETAILS
Michael Mena
Harcourts Prime Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20261665
Last Updated: 12/24/2020
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