Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1041 Derry Street La Habra, CA 90631

3 Beds 2 Baths 1,361 sqft Built 1960

$650,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $477.59
  • 2 Days on Market
  • MLS # : PW21005193
  • Updated Date : 01/09/2021 at 13:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,361 sqft
  • Baths : 2 full
Listing Agent

Era North Orange County

Listing Agent's Description

Beautiful SINGLE STORY home with POOL in La Habra! This home features a spacious living room with large front window that brings in lots of natural lighting. Large kitchen contains granite counters, plenty of cabinetry for storage, breakfast nook area and is open to family room with cozy brick fireplace and direct access to the backyard. This home features spacious bedrooms, two bathrooms, inside laundry and 2 car garage with long driveway for extra parking. Private backyard features a beautiful sparking swimming pool and covered patio which is perfect for entertaining! Come view this beautiful house and make it yours today!

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

Zip Code: 90631

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $217k742k

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

Zip Code: 90631

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17143345

* 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
Las Positas Elementary School Primary Regular 507 21 4
Imperial Middle School Middle Regular 825 32 3
La Habra High School High Magnet 2,230 73 7

Las Positas Elementary School

  • Education Level: Primary
  • # of students: 507
  • # of teachers: 21
4
GreatSchools Rating

Imperial Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 32
3
GreatSchools Rating

La Habra High School

  • Education Level: High
  • # of students: 2,230
  • # of teachers: 73
7
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,258
Property Tax -$670
Property Insurance -$60
Property Management Fees -$140
CASH FLOW
-$268

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.

$650,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.6%
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-$5.0k$0.0$5.0k$10k$15k$20k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$22,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $2.1

    LIST RENT PER SQFT
  • $2,868

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,7503$2,8004$2,8605$2,900
$2,900
RENT COMPS ANALYSIS
  • 1041 Derry Street La Habra, CA 4
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $2.10
    •  
  • 831 Las Lomas Drive La Habra, CA 1
    • 3 beds 2 baths ∙ 1,098 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,098 Sqft ∙ Built 1972
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.19
    •  
  • 221 W Parkwood Avenue La Habra, CA 2
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1962
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.00
    •  
  • 500 W Patwood Drive La Habra, CA 3
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1962
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.11
    •  
  • 210 W Parkwood Avenue La Habra, CA 5
    • 4 beds 2 baths ∙ 1,361 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,361 Sqft ∙ Built 1962
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
PROPERTY LISTING DETAILS
Darryl Jones
Era North Orange County
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21005193
Last Updated: 01/09/2021
BESbswy