City: Orange County!!! wow---- Call 949-769-1599 for more information or to schedule a showing
Asking Price: $209,900
Downpayment needed: $6300-$42,000
Interest rate 6%
Number of years 30 year fixed fully amortized
Property tax and
special taxes/levies (estimated) 1.25%
HOA: $310
Maintenance and replacement
reserves 1%= 175$/month
Income Requirement: $60,000
Total Cost of ownership= $1643.63
Rent comps estimated= $2200/month
Address: Contact Shevy Akason at 949-769-1599
Beds: 3
Baths: 2
Sq. Ft.: 1600 square feet
$/Sq. Ft.: $128.93
Lot Size: 0
Year Built: 1967
Stories: 1 story second level
Listing agents description:
This is a private upper corner Condo that features 3 bedrooms, 1 3/4 baths. Master bedroom has its own bathroom with dual sinks and walk-in closet. Condo overlooks lush green landscaping in a courtyard. Big windows throughout, open floor plan, good size rooms, walk in closets, and fireplace in living room. Close to Metro, fwys, parks, schools, shopping and entertainment.
Shevy's analysis: I have had an opportunity to preview this home. It is in a solid B area witha mix of owners and renters. I spoke with a few people that lived there and they all really like it. It has huge green belts and is very quiet. The community was build in the 60's and it's a bit old, however, this is a fantastic investment opportunity for a buy and hold investor. This home could use between $10,000- $20,000 in upgrades to modernize it, however 0 upgrades are necessary. This property could make an excellent lease for an investor looking to purchase for the long term using a 30 year fixed fully ammortized loan or for a first time homebuyer.
Look at these numbers, this property could be a great hedge against the potential inflation that current policy could bring. In addition, because of the cashflow it's a relatively safe investment. Take advantage of todays really low interest rates before they're gone!
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