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INVESTimate
$899,900
List Price
$244,224
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1971
- Price/Sqft : $471.15
- 25 Days on Market
- MLS # : TR20154512
- Updated Date : 08/25/2020 at 19:32
CONSTRUCTION
- Beds : 4
- Floor Size : 1,910 sqft
- Baths : 2 full , 1 half
Listing Agent
Jc Pacific Capital Inc.
Listing Agent's Description
Beautiful Turnkey 2 Story Pool Home in Great Area of Fullerton at the end of a quiet cul-de-sac street featuring nice curb appeal with stone wall and flower beds in front leading to front courtyard and double door entry. Spacious living room with wood burning fireplace, beautiful wood floors in main living room, nice size family room with wood floors, good size kitchen with white kitchen cabinets, beautiful countertops, stainless steel sink, stove, microwave and dishwasher, separate eating area off of kitchen with ceiling fan and two years new sliding glass door leading to backyard. There is 1 bath downstairs and 4 bedrooms 2 baths upstairs that have been remodeled two year ago. Master suite with ceiling fan, a sitting area and 2 separate closets. There is also a loft area off stairway that can be used for an office area. The backyard is brand new beautiful landscaped featuring a large covered patio with lighting and 3 skylights. Large grassy area and a large custom private pebble tech heated salt water pool with spa and custom rock and waterslide leading into pool. Also has an outside fireplace to sit and relax and extra cemented area behind side gate can be used for storage. Home has newer two years double paned windows, central air conditioning and heating, some recessed lighting and newer light fixtures. This home is in move in condition and is within walking distance to the 125 Acre Craig Regional Park, Brea Mall, Restaurants ,Shopping, Cal State Fullerton, 57 FWY!!!
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MARKET HIGHLIGHTS
- 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
- As part of Southern California area, Orange County market inherits all the benefits from the area.
- 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)
PRICE & RENT TRENDS
Zip Code: 92835
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92835
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,280 |
EXPENSES | Loan Payment | -$3,320 |
Property Tax | -$901 | |
Property Insurance | -$73 | |
Property Management Fees | -$161 | |
CASH FLOW
-$1,175
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$899,900
PROJECTED PRICE
$3,280
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.08% |
Appreciation Year (1-5) | 5.22% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.81% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$244,224
LOAN DETAILS
$3,320
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $224,975 |
Loan Amount | $674,925 |
0.33
YEARS SAVED
$810
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,280
LIST RENT -
$1.72
LIST RENT PER SQFT
-
$3,242
COMP ESTIMATED VALUE -
$1.7
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Jc Pacific Capital Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR20154512
Last Updated: 08/25/2020