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PROPERTY INFO
FACTS
- Single Family
- Built In 1954
- Price/Sqft : $477.01
- 5 Days on Market
- MLS # : PW21143373
- Updated Date : 07/13/2021 at 12:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,109 sqft
- Baths : 1 full
Listing Agent
First Team Real Estate
Listing Agent's Description
Bring your toolbelt and imagination! This diamond in the rough has endless possibilities and is just waiting for the visionary who can realize its potential. With 3 bedrooms, 1 bathroom and a 1 car garage this house sits on a spacious lot consisting of 6400 square feet. The large back yard can easily fit a pool and spa and outdoor living spaces. Located in the heart of Anaheim close to parks, schools and a diverse mix of local dining, this home is just a short ride to amusement parks and all the gorgeous southern California Beaches that Orange County has to offer.
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MARKET HIGHLIGHTS
- 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)
- 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]
PRICE & RENT TRENDS
Neighborhood: The Colony
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Colony
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,330 |
| EXPENSES | Loan Payment | -$1,837 |
| Property Tax | -$544 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$114 | |
|
CASH FLOW
-$216
|
||
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.
$529,000
PROJECTED PRICE
$2,330
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 7.2% |
| 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
$145,935
LOAN DETAILS
$1,837
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $132,250 |
| Loan Amount | $396,750 |
4.25
YEARS SAVED
$21,345
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,330
LIST RENT -
$2.45
LIST RENT PER SQFT
-
$2,071
COMP ESTIMATED VALUE -
$2.18
COMP AVG. RENT PER SQFT
Comps Range
-
1017 S Lemon Street Anaheim, CA 1
- 3 beds 1 baths ∙ 950 Sqft ∙ Built 1954 3 beds 1 baths ∙ 950 Sqft ∙ Built 1954
- Rent
- Rent Per SQFT
- $2,330
- $2.45
-
1310 W Laster Avenue Anaheim, CA 2
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1954
LEASED 01/31/20- Rent
- Rent Per SQFT
- $2,495
- $2.08
-
1418 E Pat Place Anaheim, CA 3
- 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1956
LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,575
- $2.24
-
936 W Lamark Lane Anaheim, CA 4
- 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1973
LEASED 06/16/20- Rent
- Rent Per SQFT
- $2,700
- $2.22
PROPERTY LISTING DETAILS
First Team Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21143373
Last Updated: 07/13/2021
