For SaleRisky Deal5 days on market
2242 Orchard Dr
2242 Orchard Dr, Newport Beach, CA 92660, Newport Beach, CA 92660
$1,500,000
Estimate®:$1,487,300
Listing Price
2242 Orchard Dr, Newport Beach, CA 92660
Loc: Newport Beach, CA
Days Listed
5
Tax Assessed
$406k
Estimate®
$1487k
Market Rate
Lot Size
6,000 sqft
Rent Estimate
$5,659/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
Mariners Elementary School
K-6
2.4 mi away
9
Horace Ensign Intermediate School
7-8
3.5 mi away
9
Newport Harbor High School
9-12
3.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Single Family Residence1948Central, Forced Air, Natural GasCentral AirOn Street6,000 sqft5 Days$1,356
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.68%
Total ROI
17.2%
Cash Flow
$-4,429/mo
DSCR
0.43
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-4,429/mo net cash flow with a 2.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Newport Beach, CA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-20 | Listed for sale | $1,500,000 | $1,356 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $405,822 |
| 2025 | $5,050 | $397,865 |
| 2024 | $4,942 | $390,064 |
| 2023 | $4,795.04 | $382,416 |
| 2022 | $4,684.62 | $374,918 |
| 2021 | $4,579.76 | $367,567 |
| 2020 | $4,521.92 | $363,799 |
| 2019 | $4,521.92 | $356,666 |
| 2018 | $4,425.66 | $349,673 |
| 2017 | $4,267.38 | $342,817 |
| 2016 | $4,267.38 | $336,096 |
| 2015 | $4,179.8 | $331,048 |
| 2014 | $3,974.7 | $324,564 |
| 2013 | $0 | $323,098 |
| 2012 | $0 | $316,763 |
| 2011 | $0 | $310,552 |
| 2010 | $0 | $308,232 |
| 2009 | $0 | $308,965 |
| 2008 | $0 | $302,907 |
| 2007 | $0 | $296,968 |
| 2006 | $0 | $291,146 |
| 2005 | $0 | $285,438 |
| 2004 | $0 | $279,842 |
| 2003 | $0 | $274,714 |
| 2002 | $0 | $269,328 |
| 2001 | $2,908.78 | $264,048 |
| 2000 | $2,823.38 | $258,871 |
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