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Shevy Akason
949.769.1599
shevy@findmylandmark.com




Lake Forest/ 3/2 / fantastic investment opportunity

 
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       Great Cash flow investment opportunity. This home will lease for $2100/month and should lease in less than 45 days. The property will need some work, I recommend offering $206,000 with $3000 towards closing costs and $3000 in concessions for repairs. Using 5% vacancy and assuming a reassement of the property taxes this property will have solid cash flow.  

RentVsOwnulator™

Purchase Price $
Down Payment % $
Interest Rate %
Number of Years years
Mortgage $
Monthly Payment $
Property Tax % $
Special Taxes and Levies % $
Homeowners Insurance % $
Homeowners Association Fees $ $
Other (ex. Private Mortgage Ins) $ $
Maintenance and Replacement Reserves % $
Monthly Cash Cost $
Monthly Interest for 1st Payment $
Tax Savings (% of Interest and Property Tax) % $
Equity Hidden in Payment $
Lost Income to Down Payment % $
Total Cost of Ownership $
Monthly Rent $
Estimated Ownership Costs %
Estimated Purchase Price $
Estimated Down Payment $
Estimated Loan $

Property Type:   Residential Lease       Status:   Leased
Subject
Property		                            
# MLS# Type A/D Address City/ Area TGNO Trct/M Bed B t/f Stories Gar SqFt YBlt Lse Term Sold Price SP/ SqFt SP/LP SP/OLP Sold Date DOM
1    CONDO  A     LF   3  2/2  2  0  1,412  1972  12  Months  $2,025  $1.43  98.78%  98.78%  9/01/2008  3 
2  CONDO  A    LF   4  3/2  2  0  1,628  1976  12  Months  $2,100  $1.29  100.00%  91.30%  5/15/2008  35 
3    SFR  A     LF 3  3/2  2  0  1,524  1976  0  Months  $2,000  $1.31  93.02%  86.96%  5/01/2008  73 
4  SFR  A    LF   4  3/2  2  0  1,672  1972  12  Months  $2,300  $1.38  97.87%  97.87%  1/15/2009  62 
Average 4     0 1,559   12   $2,106 $1.35 97.42% 93.73%   43
Number of Properties: 4
Average ( SalePrice / SqFt ) : ( 2106 / 1559 ) = $ 1.35

Shevy Akason  Residential    
 
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Orange County (OR)
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Listing Activity


Comparative Market Analysis

 

Property Type:   Residential       Status:   Active
Subject
Property		                  
# MLS# Type A/D Address City/ Area TGNO Trct/M Bed B t/f St Gar A/D SqFt YBlt List Price DOM
1  P660207  SFR  A  21709 Lake Vista Dr   LF/ LS  891G2  LKP /1  3  2/2  2  0     1,490  1972  $229,900  85 
Average 3     0   1,490   $229,900 85
Number of Properties: 1
Average ( ListPrice / SqFt ) : ( 229900 / 1490 ) = $ 154.30

Property Type:   Residential       Status:   Sold
Subject
Property		                          
# MLS# Type A/D Address City/ Area TGNO Trct/M Bed B t/f St Gar A/D SqFt YBlt Sold Price SP/ SqFt SP/LP SP/OLP Sold Date DOM
1  S542827  SFR  A  24855 Lakefield St   LF/ LS  891H3  LKP /z  3  2/1  2  0     1,398  1972  $270,000  $193.13  112.50%  112.50%  10/15/2008  10 
2  S550636  SFR  A  21981 Lakeland Ave   LF/ LS  891H3  LKP /A  3  2/1  1  0     1,200  1971  $278,000  $231.67  109.02%  109.02%  11/21/2008  8 
3  S541943  SFR  A  21712 Lake Vista Dr   LF/ LS  891G2  LKP /C  3  3/1  2  0     1,452  1977  $295,000  $203.17  107.27%  107.27%  9/26/2008  9 
4  S539940  SFR  A  22022 Lakeland Ave   LF/ LS  891H3  LKP /0  3  2/2  2  0     1,490  1972  $275,000  $184.56  98.57%  110.04%  12/10/2008  96 
5  P636316  SFR  A  21791 Lake Vista Dr   LF/ LS  891G2  LKP /B  3  2/2  1  0     1,164  1972  $279,000  $239.69  100.00%  100.00%  6/23/2008  9 
6  S532881  SFR  A  24871 Lakefield St   LF/ LS  891H3  LKP /E  4  3/2  2  0     1,608  1972  $298,000  $185.32  101.02%  101.02%  7/28/2008  7 
Average 3     0   1,385   $282,500 $206.26 104.73% 106.64%   23
Number of Properties: 6
Average ( SalePrice / SqFt ) : ( 282500 / 1385 ) = $ 203.97



Shevy Akason and Associates
"We're not Just Real Estate agents, we're real estate consultants"
Shevy Akason | Realtor | Evergreen Realty
 Phone 949.769.1599 | Fax 949.753.0671
findmylandmark.com
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