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10171 Barbara Anne Street Cypress, CA 90630

3 Beds 2 Baths 1,078 sqft Built 1963

$750,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $695.73
  • 2 Days on Market
  • MLS # : PW21009884
  • Updated Date : 01/16/2021 at 11:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,078 sqft
  • Baths : 2 full
Listing Agent

Re/max College Park Realty

Listing Agent's Description

Upgraded Floor Plan: Single Level 3 Bedrooms and 2 Bath Lake Park Home. East Facing Home. Nearly 1,100 square feet of Living Space + Enclosed Patio. 6,500 SF Lot. The Open and Bright Kitchen has been upgraded with New Cabinets including under-cabinet lighting, Beautiful Granite Counter Tops and Custom Backsplash, and Stainless Steel Appliances. Expanded Counter Space with Breakfast Dining for 6. The Spacious Living Room is highlighted with French Doors. Spacious Enclosed Patio with Tile Flooring and Ceiling Fan. Additional Features: Master Bedroom with Private Bath. Upgraded Wood-laminate Flooring throughout. Dual Pane Vinyl-frame Windows. Central Air Conditioning and Heating Systems. Two Car Garage with Direct Access. Laundry Room in Garage. Short Walk to Parks and Schools. Close to Highly Rated Cypress Schools including: Landell Elementary, Lexington Jr. High, Oxford Academy, and adjacent to Grace Private Christian School.

SEE MORE

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: Cypress

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18413345

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Margaret Landell Elementary School Primary Regular 711 24 10
Margaret Landell Elementary School Middle Regular 711 24 10
Cypress High School High Regular 2,737 92 9

Margaret Landell Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 24
10
GreatSchools Rating

Margaret Landell Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 24
10
GreatSchools Rating

Cypress High School

  • Education Level: High
  • # of students: 2,737
  • # of teachers: 92
9
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,605
Property Tax -$757
Property Insurance -$53
Property Management Fees -$131
CASH FLOW
-$876

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$750,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,161

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,670

    LIST RENT
  • $2.48

    LIST RENT PER SQFT
  • $2,334

    COMP ESTIMATED VALUE
  • $2.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,670
1$2,6702$2,7903$2,9004$2,9755$2,995
$2,995
RENT COMPS ANALYSIS
  • 10171 Barbara Anne Street Cypress, CA 1
    • 3 beds 2 baths ∙ 1,078 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,078 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $2.48
    •  
  • 5142 Belle Avenue Cypress, CA 2
    • 3 beds 1 baths ∙ 1,287 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,287 Sqft ∙ Built 1961
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $2.17
    •  
  • 10181 Saint Joan Street Cypress, CA 3
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1962
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.16
    •  
  • 4553 Middlebury Circle Cypress, CA 4
    • 3 beds 1 baths ∙ 1,380 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,380 Sqft ∙ Built 1965
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.16
    •  
  • 5207 Cumberland Drive Cypress, CA 5
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1964
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.17
    •  
PROPERTY LISTING DETAILS
Cary Hairabedian
Re/max College Park Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21009884
Last Updated: 01/16/2021
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