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13211 Voyager Dr, Irvine, California 92605, US

Est. IRR: 12.47%
Est. Yield: N/A
Est. Equity Multiple: N/A

Key Stats

Last updated: December 13, 2022, 02:59 am

Est. IRR: 12.47%
Est. Hold Period: 3 years
Est. Property Value: $1,265,018
Beds / Baths: 3 bd / 3 ba
Year Built / Renovated: 1971 / 2016
Sq. Ft.: 2,321
Discount to FMV: 28%
Discounted Value: $910,813

Asset Class (Home Equity Investment)

Home Equity Investments (HEIs) provides liquidity to 'equity-rich' homeowners without the need to take on more debt. They provide investors with a new way to invest in the equity in residential real estate, but without the associated costs such as mortgage, interest, property taxes, and maintenance costs.

About

Home Equity Investment in Irvine, CA

This owner-occupied home with 3 beds and 3 baths is located close to Walnut Village Center (0.4 mi), Heritage Plaza (0.7 mi), and Santa Ana Zoo (3.8 mi).

The home sits on 0.13 acres with a total interior space of 2,321 square feet. The property was originally built in 1971 and was renovated in 2016, and includes a solar system, a dishwasher, and an HVAC system.

Local schools include College Park Elementary School (0.1 mi) with a 7/10 rating, Irvine High School (0.8 mi) with a 8/10 rating, and Venado Middle School (1.0 mi) with a 8/10 rating. Nearby colleges include Southern States University - Los Angeles/Irvine Campus (1.0 mi), Irvine Valley College (2.4 mi), and UMass Global (3.8 mi).

The largest employers in the area include Verizon (1.5 mi), St. John Knits (3.0 mi), and Irvine Unified School District (3.2 mi).

The business plan would be classified as a long-term hold strategy because you are buying home equity at a discount to its fair market value.

5 Highlights about this deal:

The property is valued at $1,265,018 with a conservative Zillow Zestimate of $1,216,800 (Nov 2022).
A similar property built in 1971 within 0.23 miles was sold for $1.51 million in February 2022.
Irvine has won several awards including the 5th best city to live, the 3rd happiest place, and one of the best-run cities in the US.
Real Estate prices in Irvine have been appreciating at 7.35% every year. According to Zillow, home prices in Irvine appreciated by 18% in the last year.
Irvine ranks as the 10th happiest city in America according to SmartAsset in Dec 2022.