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1052 Grand Cyn Brea, CA 92821

4 Beds 3 Baths 2,119 sqft Built 1978

$889,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $419.54
  • 7 Days on Market
  • MLS # : OC21147460
  • Updated Date : 07/08/2021 at 08:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,119 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

This spectacular home located in the beautiful community of Country Canyon is truly turn key! From the moment you walk into this gem, you'll notice the immense feeling of open spaces. With an abundance of windows, the lighting is unbelievable throughout entire home. The roomy living room boasts a beautiful fireplace and cathedral ceilings. The formal dining room is right off the kitchen ready for entertaining. Spacious kitchen with quartz countertops and stainless steel appliances is open to the den with expansive windows offering even more light. Remodeled powder room downstairs with matching quartz countertops. Upstairs you will enjoy plush carpeting in all the bedrooms and stairs. Immense master bedroom has large walk-in closet and an en-suite bathroom with double sink and another impressive countertop. Relax or entertain in the spacious backyard featuring lush green grass. Very conveniently located near freeway and downtown Brea. Welcome home!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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]

PRICE & RENT TRENDS

Zip Code: 92821

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92821

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18443345

* 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
Brea Junior High School Middle Regular 891 32 8
Brea-olinda High School High Regular 1,895 68 9

Brea Junior High School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 32
8
GreatSchools Rating

Brea-olinda High School

  • Education Level: High
  • # of students: 1,895
  • # of teachers: 68
9
GreatSchools Rating
 

$800,100$977,900$889,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$3,088
Property Tax -$892
Property Insurance -$78
Property Management Fees -$168
CASH FLOW
-$796

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.

$889,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.7%
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-$15k-$10k-$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$241,335

INVESTMENT

$241,335

Down Payment
$222,250
Rehab Estimate
$5,750
Closing Costs
$13,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,088

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,250
Loan Amount $666,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,525

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $3,427

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$3,430
1$3,4302$3,4503$3,4504$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 1052 Grand Cyn Brea, CA 1
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $1.62
    •  
  • 346 Buttonwood Drive Brea, CA 2
    • 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1965
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.51
    •  
  • 1100 Grand Canyon Brea, CA 3
    • 4 beds 3 baths ∙ 1,953 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,953 Sqft ∙ Built 1981
    LEASED 04/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.77
    •  
  • 1108 Grand Canyon Brea, CA 4
    • 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 1977
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.70
    •  
  • 363 Skywood Street Brea, CA 5
    • 5 beds 3 baths ∙ 2,418 Sqft ∙ Built 1966 5 beds 3 baths ∙ 2,418 Sqft ∙ Built 1966
    LEASED 04/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.49
    •  
PROPERTY LISTING DETAILS
Dana Canfield
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21147460
Last Updated: 07/08/2021
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