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3079 N Pinewood Street 
Orange, CA
92865
5 Beds 4 Baths 2,750 sqft
Built 1968
INVESTimate
$839,900
List Price
$228,324
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PROPERTY INFO
FACTS
- Built In 1968
- Price/Sqft : $305.42
- 5 Days on Market
- MLS # : 219048194DA
- Updated Date : 08/22/2020 at 10:20
CONSTRUCTION
- Beds : 5
- Floor Size : 2,750 sqft
- Baths : 3 full , 1 half
Listing Agent
Reali, Inc.
Listing Agent's Description
This Beautiful 5 bedroom 3 1/2 bath home is well maintained & located in a highly desirable & well established neighborhood. The large backyard is easy to maintain and is perfect for children and entertaining. There are several mature citrus trees located in the rear yard and Palm trees in the large front yard. The homes 5 bedrooms including Two large Master Suites make it the perfect home for a large family, or even 2 families. Lots of recent upgrades including new Interior paint, New Window coverings, New Water heater, New Insulation in the attic, Newly Installed Rain gutters and New Hardwood floors Upstairs that were just finished in 2019. So much home for your money here. Hurry on this one.
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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: 92865
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92865
* 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 | $3,750 |
| EXPENSES | Loan Payment | -$3,099 |
| Property Tax | -$822 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$184 | |
|
CASH FLOW
-$447
|
||
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.
$839,900
PROJECTED PRICE
$3,750
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 5.60% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$228,324
LOAN DETAILS
$3,099
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $209,975 |
| Loan Amount | $629,925 |
3.5
YEARS SAVED
$29,835
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,750
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$4,043
COMP ESTIMATED VALUE -
$1.47
COMP AVG. RENT PER SQFT
Comps Range
-
3079 N Pinewood Street Orange, 2
- 5 beds 4 baths ∙ 2,750 Sqft ∙ Built 1968 5 beds 4 baths ∙ 2,750 Sqft ∙ Built 1968
- Rent
- Rent Per SQFT
- $3,750
- $1.36
-
135 S Jeanine Way Anaheim, 1
- 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1969
LEASED 02/06/20- Rent
- Rent Per SQFT
- $3,500
- $1.32
-
3406 E Alderly Lane Orange, 3
- 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1983
LEASED 09/27/19- Rent
- Rent Per SQFT
- $3,800
- $1.52
-
2038 N Greengrove Street Orange, 4
- 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1964
LEASED 10/25/19- Rent
- Rent Per SQFT
- $3,800
- $1.57
-
1534 E Ila Drive Orange, 5
- 5 beds 4 baths ∙ 3,100 Sqft ∙ Built 1965 5 beds 4 baths ∙ 3,100 Sqft ∙ Built 1965
LEASED 10/17/19- Rent
- Rent Per SQFT
- $4,545
- $1.47
PROPERTY LISTING DETAILS
Reali, Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: 219048194DA
Last Updated: 08/22/2020
