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9715 Lark Circle Fountain Valley, CA 92708

4 Beds 3 Baths 2,025 sqft Built 1964

$979,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $483.46
  • 4 Days on Market
  • MLS # : OC21027649
  • Updated Date : 02/12/2021 at 09:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,025 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

OVER 2,025 SQ FT SINGLE STORY - Stunning, Completely Remodeled 4 BD, 2.5 Bath Home w/Huge Great Room Addition that's Gorgeous! Situated on Interior 7,735 SF Corner Lot in Highly Desired Neighborhood, 4 Miles to Beach & in Award-Winning School Zone (Gisler, Talbert, FVHS). Beautifully Appointed Throughout, Including: Engineered Wood & Travertine Flooring, Dual Pane Windows, French Doors, Bay Windows, Window Seats, Silhouette Blinds, Transom Windows (Lots of Natural Light), Dimmable Recessed Lighting, Ceiling Fans, Designer Fixtures & More! Spectacular Gourmet Kitchen w/Granite Counters, Fine-Finish Custom Cabinetry w/Display Glass, Pull-Outs & Lazy Susans, Coffered Ceiling w/Recessed & Solatube Lighting, Stainless Appliances (GE Profile 5-Burner Gas Range, LG Microwave, Kitchenaid Dishwasher) and a Mobile Granite Center Island that Tucks into Countertop or can Extend as Buffet Bar. Adjacent Spacious Dining Rm, Inside Laundry Rm w/Built-In Iron Board & Upgraded Half Bath. Front Door & Sidelight w/Beveled Glass Opens to Foyer. Formal Living Rm w/Granite Fireplace Open to the Massive Family Rm w/French Doors to Wonderful Backyard Outdoor Living/Entertaining Space w/Paver & Flagstone Deck, Built-In BBQ Center w/Bar Seating, Manicured Landscaping & Lawn. Master Suite also has French Doors to Backyard, Plus Luxurious Bathrm w/Granite Counters, Dual Sinks & Shower w/Tiled Walls w/Glass Mosaic Tile Inlay & Shampoo Niches. Guest Bath has Tub/Shower Combo w/Same Beautiful Tile Work.

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
Robert Gisler Elementary School Primary Regular 539 20 9
Samuel E. Talbert Middle School Middle Regular 722 29 9
Fountain Valley High School High Regular 3,704 127 9

Robert Gisler Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 20
9
GreatSchools Rating

Samuel E. Talbert Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 29
9
GreatSchools Rating

Fountain Valley High School

  • Education Level: High
  • # of students: 3,704
  • # of teachers: 127
9
GreatSchools Rating
 

$881,100$1,076,900$979,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$3,400
Property Tax -$963
Property Insurance -$76
Property Management Fees -$180
CASH FLOW
-$940

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.

$979,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.38%

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$20k

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$265,185

INVESTMENT

$265,185

Down Payment
$244,750
Rehab Estimate
$5,750
Closing Costs
$14,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,400

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $244,750
Loan Amount $734,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,283

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,680

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $3,807

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6803$4,0004$4,0005$4,250
$4,250
RENT COMPS ANALYSIS
  • 9715 Lark Circle Fountain Valley, CA 2
    • 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.82
    •  
  • 18096 S 3rd Street Fountain Valley, CA 1
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1975
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.86
    •  
  • 9186 Mcelwee River Cir Fountain Valley, CA 3
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1977
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.80
    •  
  • 17973 Mount Coulter Street Fountain Valley, CA 4
    • 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1976
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.85
    •  
  • 9361 Toucan Avenue Fountain Valley, CA 5
    • 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1971
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.01
    •  
PROPERTY LISTING DETAILS
Lily Campbell
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21027649
Last Updated: 02/12/2021
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