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9437 Toucan Avenue Fountain Valley, CA 92708

5 Beds 1 Baths 1,666 sqft Built 1965

$919,437

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $551.88
  • 5 Days on Market
  • MLS # : DW20246986
  • Updated Date : 11/28/2020 at 17:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,666 sqft
  • Baths : 1 full
Listing Agent

Donna Grogan, Broker

Listing Agent's Description

Fountain Valley High School. One story "Forever Home." Double-door entry,past the environmentally-friendly, custom-designed, low-maintenance front yard (high-end sprinkler system w/automatic controllers & upgraded site-drainage that adjoins driveway parking for two vehicles outside & 2 car garage with opener. Remodeled kitchen: granite countertops, stainless double sink, cook top & dishwasher. Floor to ceiling pantry, garage door & room for breakfast table. 5th bedroom/office/gym. Living room with brick fireplace & new wood entertainment center. the dining room & covered patio. 5 carpeted bedrooms. Master bedroom has private bath with door to back yard. Refurbished home has crown molding, new vertical blinds, paint & vinyl flooring. Cement patio along 60% of the back of the home, 30% a covered patio. Motion sensor exterior lights. Both bathrooms have new sink, low-flow stool, etc GIGABIT Internet cabling for home-office, TV's, remote learning and other devices with 200 Gb/s cable Internet service available. Upgraded electrical outlets throughout, ceiling fans, ceiling lighting. 4-way ceiling audio ready for 7.1 TV. 4-ton SEER-20 air conditioner unity (permit), continuously variable speed, 4" HEPA filter system, new insulated ducts & R-50 attic insulation throughout. Whole-house re-circulation fan. The pilot less double-insulated hot water tank & re-circulation pump is in oversized two-car garage, near the washer/dryer area and the kitchen sink & dishwasher & clothes washer.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$827,493$1,011,381$919,437

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,392
Property Tax -$904
Property Insurance -$67
Property Management Fees -$161
CASH FLOW
-$1,235

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.

$919,437

PROJECTED PRICE

$3,290

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-$20k-$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$249,401

INVESTMENT

$249,401

Down Payment
$229,859
Rehab Estimate
$5,750
Closing Costs
$13,792

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,392

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $229,859
Loan Amount $689,578
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$864

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.97

    LIST RENT PER SQFT
  • $3,265

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,2904$3,5505$3,550
$3,550
RENT COMPS ANALYSIS
  • 9437 Toucan Avenue Fountain Valley, CA 3
    • 5 beds 1 baths ∙ 1,666 Sqft ∙ Built 1965 5 beds 1 baths ∙ 1,666 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.97
    •  
  • 18875 Deodar Street Fountain Valley, CA 1
    • 4 beds 2 baths ∙ 1,593 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,593 Sqft ∙ Built 1969
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 18763 Santa Mariana Street Fountain Valley, CA 2
    • 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 1965
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.90
    •  
  • 8938 Yuba River Avenue Fountain Valley, CA 4
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1970
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.97
    •  
  • 18525 Hawthorne Street Fountain Valley, CA 5
    • 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 1965
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.96
    •  
PROPERTY LISTING DETAILS
Donna Grogan
Donna Grogan, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20246986
Last Updated: 11/28/2020
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