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

9139 Caladium Avenue Fountain Valley, CA 92708

4 Beds 2 Baths 1,916 sqft Built 1972

$929,888

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $485.33
  • 3 Days on Market
  • MLS # : IV20239264
  • Updated Date : 11/13/2020 at 16:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,916 sqft
  • Baths : 2 full
Listing Agent

Modern Dwellings

Listing Agent's Description

Beautiful 4-bedroom, 2 bath, Rare, *Single Story* Open Concept home in Fountain Valley! Location: 7 miles from DOWNTOWN Huntington Beach! With Hardwood Flooring, New Carpet in the bedrooms and Living room, Other features Include: Dual Pane Windows & Slider, Ceiling Fans and Mirrored Closet Doors. It Boasts an updated Kitchen, Countertops & Backsplash, Extra Long Breakfast Bar peninsula, Custom Cabinetry featuring Pull-Outs, Large Pantry, Newer Appliances, Stove, Microwave, Dishwasher. It Includes a Lovely Formal Living Room, Formal Dining Area, Indoor Laundry Room & Large Separate Family Room w/Stone Fireplace, Soaring Vaulted Ceiling, and Slider to the Backyard, Patio, & Block Wall Fencing. 2 Car Garage with Roll-Up Door, Newer Roof, Rain Gutters, and More! It is Situated on a Quiet Interior Lot in Great Neighborhood with Award-Winning Schools (all 9 & 10 Ratings). Short Drive to Beach. The nearby Mile Square Regional Park has a golf course, lakes and paths for walking and jogging. Shopping is available at nearby South Coast Plaza. Spectrum Mall, and Newport Beach Fashion Island. Little Saigon is nearby for culture items. Huntington Beach City, “Surf City” with its beaches and pier are close by. Come take a tour of this special place and experience it all for yourself while it's still available. CHECK OUT THE 3D VIRTUAL TOUR LINK & VIDEO TOUR AS WELL!!

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
 

$836,899$1,022,877$929,888

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$3,431
Property Tax -$876
Property Insurance -$73
Property Management Fees -$158
CASH FLOW
-$1,318

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.

$929,888

PROJECTED PRICE

$3,220

PROJECTED RENT

0.35%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$252,170

INVESTMENT

$252,170

Down Payment
$232,472
Rehab Estimate
$5,750
Closing Costs
$13,948

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $232,472
Loan Amount $697,416
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$458

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $3,300

    COMP ESTIMATED VALUE
  • $1.72

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,2204$3,2505$3,500
$3,500
RENT COMPS ANALYSIS
  • 9139 Caladium Avenue Fountain Valley, CA 3
    • 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $1.68
    •  
  • 8311 Lambert Drive Huntington Beach, CA 1
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1962
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.73
    •  
  • 9433 Geranium Circle Fountain Valley, CA 2
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1965
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.69
    •  
  • 16713 Apple Street Fountain Valley, CA 4
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1967
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.66
    •  
  • 9451 Downing Circle Westminster, CA 5
    • 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1968
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.81
    •  
PROPERTY LISTING DETAILS
Peter Quesada
Modern Dwellings
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20239264
Last Updated: 11/13/2020
BESbswy