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9879 Hamilton Avenue Fountain Valley, CA 92708

4 Beds 3 Baths 2,308 sqft Built 1976

$1,050,000

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $454.94
  • 6 Days on Market
  • MLS # : PW21048502
  • Updated Date : 03/12/2021 at 14:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,308 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway H.s.c.p.

Listing Agent's Description

Beautiful 2 story 4 bedroom, 2.5 bath home with more than 2300 square feet, and an oversized 3 car garage, situated on a gorgeous 7600+ square foot LOT! This exceptionally maintained and upgraded home features custom beveled french windows & sliders throughout, crown molding, ceiling fans, brick fireplace. The main entrance features a custom beveled glass double door entry. The gourmet inspired kitchen w/granite countertops, garden window overlooking the gorgeous back yard, with a 5-Burner gas stovetop. The kitchen opens to the family room, brick fireplace with hand-crafted custom built-in cabinetry. It also includes a formal living room with a stunningly etched front window, next to the formal dining room. All bedrooms upstairs- Spacious Master Suite with wall to wall closet space, & a master bathroom including dual sinks and a walk-in tiled shower. The stunning backyard is a gardener's dream with a spacious lawn, large covered patio with a built in bbq, perfect for entertaining. Manicured landscaping throughout and a separate cabana like area in the back corner. 3 car garage has built in cabinetry, workbench and plenty of storage.

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
Hisamatsu Tamura Elementary School Primary Regular 627 22 10
Harry C. Fulton Middle School Middle Regular 797 31 10
Fountain Valley High School High Regular 3,704 127 9

Hisamatsu Tamura Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 22
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
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$3,647
Property Tax -$1,033
Property Insurance -$83
Property Management Fees -$181
CASH FLOW
-$1,244

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.

$1,050,000

PROJECTED PRICE

$3,700

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$3.0M

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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,700

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $4,079

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8003$3,9004$4,0005$4,000
$4,000
RENT COMPS ANALYSIS
  • 9879 Hamilton Avenue Fountain Valley, CA 1
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.60
    •  
  • 10901 San Leon Avenue Fountain Valley, CA 2
    • 5 beds 1 baths ∙ 2,229 Sqft ∙ Built 1973 5 beds 1 baths ∙ 2,229 Sqft ∙ Built 1973
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.70
    •  
  • 9735 El Durango Circle Fountain Valley, CA 3
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.72
    •  
  • 9186 Mcelwee River Cir Fountain Valley, CA 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Daniel Mcguire
Berkshire Hathaway H.s.c.p.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21048502
Last Updated: 03/12/2021
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