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10312 Gregory Street Cypress, CA 90630

4 Beds 2 Baths 2,080 sqft Built 1963

$980,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $471.15
  • 11 Days on Market
  • MLS # : PW20225175
  • Updated Date : 10/24/2020 at 15:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,080 sqft
  • Baths : 1 full , 1 half
Listing Agent

Kohr Group Realty

Listing Agent's Description

Charming two story home in the heart of Cypress! Welcome to 10312 Gregory Street, an expansive, updated home with 4 bedrooms, 3 bathrooms and close to 2,100 sqft of living space! Gregory features an open floorplan with dining area adjacent to kitchen, family room and living room. The expanded kitchen boasts newer cabinetry and granite counter tops. Sliding doors from the kitchen and family room lead out to the covered patio and sizable backyard expanding the living and entertaining space that much more. Just off the family room, down the hall sit the 3 bedrooms and 1 1/2 bath. Host guests in the sizable, bright Living Room with fireplace. Head upstairs to the private and HUGE Primary bedroom with ample closet space and large en suite bath. This home is completed with a large 2 car garage, central A/C and heating and separate laundry room. Just steps to Grace Christian School and very near top-rated Cypress schools, shopping, dining, and parks.

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
 

$882,000$1,078,000$980,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$3,616
Property Tax -$990
Property Insurance -$77
Property Management Fees -$171
CASH FLOW
-$1,373

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.

$980,000

PROJECTED PRICE

$3,480

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$265,450

INVESTMENT

$265,450

Down Payment
$245,000
Rehab Estimate
$5,750
Closing Costs
$14,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,616

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $245,000
Loan Amount $735,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$523

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,536

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3503$3,4804$3,7005$3,750
$3,750
RENT COMPS ANALYSIS
  • 10312 Gregory Street Cypress, CA 3
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1963 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $1.67
    •  
  • 9937 Barcelona Lane Cypress, CA 1
    • 5 beds 3 baths ∙ 1,983 Sqft ∙ Built 1965 5 beds 3 baths ∙ 1,983 Sqft ∙ Built 1965
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.66
    •  
  • 4595 Maybury Circle Cypress, CA 2
    • 5 beds 3 baths ∙ 1,943 Sqft ∙ Built 1968 5 beds 3 baths ∙ 1,943 Sqft ∙ Built 1968
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.72
    •  
  • 10161 Saltair Drive Cypress, CA 4
    • 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.69
    •  
  • 4602 Howard Avenue Los Alamitos, CA 5
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1948 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1948
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.73
    •  
PROPERTY LISTING DETAILS
Nicole Wright
Kohr Group Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20225175
Last Updated: 10/24/2020
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