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PROPERTY INFO
FACTS
- Single Family
- Built In 1954
- Price/Sqft : $549.74
- 3 Days on Market
- MLS # : CV20244378
- Updated Date : 11/20/2020 at 18:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,164 sqft
- Baths : 1 full , 1 half
Listing Agent
Synergy One Real Estate
Listing Agent's Description
Wonderfully Remodeled Single Story Anaheim Home for Sale! This home has been fully remodeled with brand new everything! Brand new Dual Pane Vinyl Tinted Low-E Windows, new AC/Heating Unit, new Roof, new Tankless Water Heater, new Water-proof Vinyl Plank Flooring throughout. Features 3 Bedrooms, 1 1/2 Bathrooms, 1,164 Sq. Ft, All New Light Fixtures or Ceiling Fans, an Abundance of Windows, Detached 2 Car-Garage w/ Alley Access perfect for future ADU Conversion. Beautiful brand new Open Kitchen with Floating Vent Hood, Quartz Counter-tops, Soft-Close Cabinets & Drawers with European Hinges, Spice Racks built in to Cabinets, & Pull-Out Trash Bins w/in Cabinets. Washer & Gas Dryer Hookups in Garage, Huge Flat Lot 6,349 Sq. Ft., Alley Access, RV/Boat Parking, Side yard nicely landscaped, Huge Backyard is entertainers dream and blank canvas for new homeowners to design and create to their own liking! Near all amenities including schools, shopping, entertainment, transportation, and easy access to 5 & 91 freeways. Make Offer now! This property will go quick!
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MARKET HIGHLIGHTS
- 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)
- As part of Southern California area, Orange County market inherits all the benefits from the area.
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
- 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 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)
PRICE & RENT TRENDS
Neighborhood: West Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$2,361 |
| Property Tax | -$661 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$113 | |
|
CASH FLOW
-$880
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$639,900
PROJECTED PRICE
$2,310
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.35% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$175,324
LOAN DETAILS
$2,361
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $159,975 |
| Loan Amount | $479,925 |
0.42
YEARS SAVED
$745
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$1.98
LIST RENT PER SQFT
-
$2,316
COMP ESTIMATED VALUE -
$1.99
COMP AVG. RENT PER SQFT
Comps Range
-
1006 N Magnolia Avenue Anaheim, CA 1
- 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1954
- Rent
- Rent Per SQFT
- $2,310
- $1.98
-
1345 N Ferndale Street Anaheim, CA 2
- 4 beds 2 baths ∙ 1,307 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,307 Sqft ∙ Built 1954
LEASED 04/24/20- Rent
- Rent Per SQFT
- $2,500
- $1.91
-
8211 Hickory Drive Buena Park, CA 3
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1955
LEASED 03/25/20- Rent
- Rent Per SQFT
- $2,600
- $2.00
-
2421 W Greenacre Avenue Anaheim, CA 4
- 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1955
LEASED 11/24/19- Rent
- Rent Per SQFT
- $2,600
- $2.02
-
2500 W Chain Avenue Anaheim, CA 5
- 3 beds 1 baths ∙ 1,355 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,355 Sqft ∙ Built 1969
LEASED 10/23/20- Rent
- Rent Per SQFT
- $2,750
- $2.03
PROPERTY LISTING DETAILS
Synergy One Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20244378
Last Updated: 11/20/2020
