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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $420.67
- 4 Days on Market
- MLS # : PW20243370
- Updated Date : 11/19/2020 at 15:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,080 sqft
- Baths : 2 full , 1 half
Listing Agent
Kohr Group Realty
Listing Agent's Description
IMPROVED PRICE! 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, newer 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.
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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: Cypress
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cypress
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,510 |
| EXPENSES | Loan Payment | -$3,228 |
| Property Tax | -$884 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$172 | |
|
CASH FLOW
-$851
|
||
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.
$875,000
PROJECTED PRICE
$3,510
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$237,625
LOAN DETAILS
$3,228
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $218,750 |
| Loan Amount | $656,250 |
1.5
YEARS SAVED
$8,510
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,510
LIST RENT -
$1.69
LIST RENT PER SQFT
-
$3,536
COMP ESTIMATED VALUE -
$1.7
COMP AVG. RENT PER SQFT
Comps Range
-
10312 Gregory Street Cypress, CA 3
- 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $3,510
- $1.69
-
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
Kohr Group Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20243370
Last Updated: 11/19/2020
