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1102 Niguel Canyon Way Brea, CA 92821

5 Beds 3 Baths 2,980 sqft Built 1980

$1,000,000

List Price

$4,150

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $335.57
  • 4 Days on Market
  • MLS # : PW21150285
  • Updated Date : 07/13/2021 at 12:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,980 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Diamond

Listing Agent's Description

Gorgeous Corner Lot Home Located in Canyon Country! This Brea home offers five bedrooms (1 downstairs), three bathrooms, approximately 2,890 sq. feet of living space and Tesla Solar Panels. Upon entering you will notice the brand new wood laminate flooring and fresh paint throughout. Cathedral ceilings. updated bathrooms and recessed lighting are just some features this home has to offer. The kitchen features stainless steel appliances, granite countertops, custom wood cabinetry, a breakfast bar, plus an additional dining area. Adjacent to the kitchen is the living room which features a fireplace dry bar and built-in shelves plus storage. The main floor also has a bedroom, full bath, laundry room, formal dining room and spacious family room. The remaining four bedrooms can all be found on the second floor. The spacious master suite offers bay windows and built-in shelves. The master bathroom features a dual sink vanity, walk-in glass shower plus a large walk-in closet. The backyard is perfect for entertaining! With nice views, room for patio seating, a cozy fire pit, plus a lush lawn. Located within an award winning Brea School District and close to nearby shopping, dining and entertainment. This home is a must-see!

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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
 

$900,000$1,100,000$1,000,000

PURCHASE PRICE

$3,735$4,565$4,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,150
EXPENSES Loan Payment -$3,473
Property Tax -$1,003
Property Insurance -$99
Property Management Fees -$203
CASH FLOW
-$629

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.

$1,000,000

PROJECTED PRICE

$4,150

PROJECTED RENT

0.42%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

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$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $250,000
Loan Amount $750,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$20,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,150

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $4,098

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,7003$4,0004$4,1505$4,300
$4,300
RENT COMPS ANALYSIS
  • 1102 Niguel Canyon Way Brea, CA 4
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.39
    •  
  • 902 Forbes Drive Brea, CA 1
    • 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1987
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.29
    •  
  • 802 Forbes Drive Brea, CA 2
    • 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1988
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.36
    •  
  • 1261 Northwood Avenue Brea, CA 3
    • 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1966
    property image
    LEASED 04/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.45
    •  
  • 513 Silver Canyon Way Brea, CA 5
    • 5 beds 2 baths ∙ 3,067 Sqft ∙ Built 1976 5 beds 2 baths ∙ 3,067 Sqft ∙ Built 1976
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.40
    •  
PROPERTY LISTING DETAILS
Alex Horowitz
Coldwell Banker Diamond
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21150285
Last Updated: 07/13/2021
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