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9134 Daffodil Avenue Fountain Valley, CA 92708

5 Beds 4 Baths 2,431 sqft Built 1969

$1,089,000

List Price

$4,050

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $447.96
  • 3 Days on Market
  • MLS # : OC20223857
  • Updated Date : 11/01/2020 at 13:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,431 sqft
  • Baths : 4 full
Listing Agent

One Stop Realty And Financial

Listing Agent's Description

GORGEOUS HOME!!!... Owner’s pride of totally remodeled HUGE 2-story home with total of 5 bedrooms and 4 bathrooms (3 bedrooms and 2 bathrooms in down stairs) in a highly desirable neighborhood of Fountain Valley. Fully upgraded kitchen with gorgeous craftsmanship cabinets and custom granite countertop with center island, custom tile flooring, and laminate. Modern recessed lightings throughout the houses, remodeled bathrooms, new windows, new central air-conditioning, new insulation. Large private front/back yard with beautifully manicured landscaping and gorgeous swimming POOL... Conveniently located closed to Award-Winning schools, Vista View park, Little Saigon, 405 freeway, shopping centers, excellent dining areas, and… only few minutes from the beach... IT’S A MUST SEE!

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
Star View Elementary School Primary Regular 594 23 8
Vista View Middle School Middle Regular 698 30 7
Ocean View High School High Magnet 1,549 58 5

Star View Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 23
8
GreatSchools Rating

Vista View Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 30
7
GreatSchools Rating

Ocean View High School

  • Education Level: High
  • # of students: 1,549
  • # of teachers: 58
5
GreatSchools Rating
 

$980,100$1,197,900$1,089,000

PURCHASE PRICE

$3,645$4,455$4,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,050
EXPENSES Loan Payment -$4,018
Property Tax -$1,025
Property Insurance -$86
Property Management Fees -$198
CASH FLOW
-$1,277

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.

$1,089,000

PROJECTED PRICE

$4,050

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$294,335

INVESTMENT

$294,335

Down Payment
$272,250
Rehab Estimate
$5,750
Closing Costs
$16,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $272,250
Loan Amount $816,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,752

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,050

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $4,345

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,0003$4,0504$4,2955$4,450
$4,450
RENT COMPS ANALYSIS
  • 9134 Daffodil Avenue Fountain Valley, CA 3
    • 5 beds 4 baths ∙ 2,431 Sqft ∙ Built 1969 5 beds 4 baths ∙ 2,431 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $1.67
    •  
  • 9721 El Greco Circle Fountain Valley, CA 1
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1974
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.68
    •  
  • 9766 Shamrock Avenue Fountain Valley, CA 2
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1973
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.72
    •  
  • 16070 Cache Street Fountain Valley, CA 4
    • 5 beds 3 baths ∙ 2,328 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,328 Sqft ∙ Built 1972
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,295
    • $1.84
    •  
  • 9042 Mint Ave Fountain Valley, CA 5
    • 5 beds 4 baths ∙ 2,328 Sqft ∙ Built 1972 5 beds 4 baths ∙ 2,328 Sqft ∙ Built 1972
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $1.91
    •  
PROPERTY LISTING DETAILS
Hung Le
One Stop Realty And Financial
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20223857
Last Updated: 11/01/2020
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