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10211 Julie Beth Street Cypress, CA 90630

3 Beds 2 Baths 1,693 sqft Built 1963

$820,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $484.35
  • 11 Days on Market
  • MLS # : IG20221046
  • Updated Date : 10/31/2020 at 12:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,693 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Situated on a friendly, family-oriented neighborhood in Cypress. This Turnkey home features 3 bedroom and 2 bathrooms. As you walk in this home you will notice the Beautiful Cordova Walnut Hardwood Floors and Crown molding throughout the house. The family room is nice and Big with vaulted ceilings, wood beams, gas/wood burning fireplace and two sliding glass doors that open up to the beautiful back yard that features a patio and included with the sale ,a large tuff shed for storage.. The family room also has direct access to a large enclosed patio that features a Home Gym, but big enough for a pool table/Game room or entertainment space. There is a small room off the kitchen that can be used as an office or reading area. You also have direct access to the 2 car garage with custom cabinets and flooring and the laundry area also has more cabinets.. This house has so much to offer, Come see to appreciate it...

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$738,000$902,000$820,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$3,025
Property Tax -$828
Property Insurance -$68
Property Management Fees -$145
CASH FLOW
-$1,107

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.

$820,000

PROJECTED PRICE

$2,960

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-$20k-$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$223,050

INVESTMENT

$223,050

Down Payment
$205,000
Rehab Estimate
$5,750
Closing Costs
$12,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,025

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $205,000
Loan Amount $615,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.75

    LIST RENT PER SQFT
  • $2,971

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$2,8504$2,9605$3,000
$3,000
RENT COMPS ANALYSIS
  • 10211 Julie Beth Street Cypress, CA 4
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.75
    •  
  • 4785 Larwin Avenue Cypress, CA 1
    • 4 beds 3 baths ∙ 1,562 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,562 Sqft ∙ Built 1965
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.66
    •  
  • 4210 Via Largo Cypress, CA 2
    • 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1968
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.76
    •  
  • 5144 Melbourne Drive Cypress, CA 3
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1963
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.65
    •  
  • 9951 Via Linda Cypress, CA 5
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1967
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
PROPERTY LISTING DETAILS
Debbie Montano
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20221046
Last Updated: 10/31/2020
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