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10361 Ponder Street Cypress, CA 90630

3 Beds 1 Baths 1,050 sqft Built 1963

$699,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $665.71
  • 4 Days on Market
  • MLS # : RS21034082
  • Updated Date : 02/18/2021 at 16:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,050 sqft
  • Baths : 1 full
Listing Agent

C-21 Classic Estates

Listing Agent's Description

"The Perfect Starter Home" Cute and Cozy is the best way to describe this three bedroom two bath house on a quiet street in a lovely part of the City of Cypress***Home features a remodeled kitchen complete with granite counters, gas cooking stove, built in microwave, dishwasher, and skylight*** Windows have all been replaced*** central heating has been installed***two redone bathrooms***Large family backyard has patio cover, built in cooking area, sink, and two storage sheds***Two car attached garage***Driveway is extra wide to accommodate a possible RV or some adult toys like a boat, or anything else your heart desires***Outstanding feeder schools which are Vessels Elementary, Lexington M.S. and Cypress H.S. (or Oxford Academy if your child qualifies)*** Don't snooze and lose out on this perfect young family home*** Check out the virtual tour of the home https://mls.ricohtours.com/ddbd089d-944a-4b87-abf7-37fbf7ae312a

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
Lexington Junior High School Middle Regular 1,275 44 8
Cypress High School High Regular 2,737 92 9
Lexington Junior High School Middle Unknown NA

Lexington Junior High School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 44
8
GreatSchools Rating

Cypress High School

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

Lexington Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,428
Property Tax -$706
Property Insurance -$53
Property Management Fees -$129
CASH FLOW
-$685

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.

$699,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.38%

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

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $2.5

    LIST RENT PER SQFT
  • $2,355

    COMP ESTIMATED VALUE
  • $2.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,630
1$2,6302$2,7503$2,7504$2,7905$2,995
$2,995
RENT COMPS ANALYSIS
  • 10361 Ponder Street Cypress, CA 1
    • 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $2.50
    •  
  • 6240 Myra Avenue Buena Park, CA 2
    • 4 beds 2 baths ∙ 1,188 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,188 Sqft ∙ Built 1959
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.31
    •  
  • 10312 Lorinda Avenue Buena Park, CA 3
    • 4 beds 2 baths ∙ 1,187 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,187 Sqft ∙ Built 1959
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.32
    •  
  • 5142 Belle Avenue Cypress, CA 4
    • 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
    •  
  • 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
Odai Peri
C-21 Classic Estates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS21034082
Last Updated: 02/18/2021
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