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

1118 S Peregrine Place Anaheim, CA 92806

4 Beds 2 Baths 1,468 sqft Built 1968

$669,900

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $456.34
  • 5 Days on Market
  • MLS # : 20665388
  • Updated Date : 12/05/2020 at 12:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,468 sqft
  • Baths : 2 full
Listing Agent

C-west Realty

Listing Agent's Description

Cozy house located in the heart of Anaheim. Situated smack dab in super convenient proximity to every necessity, including but not limited to good schools, eateries, malls/shopping centers, auto zone, etc., this gem offers anything and everything to a lovely family looking to settle in a great neighborhood. The emphasis on great location cannot be understated, as the house offers the rare bonus of being located just minutes away from the 57 Freeway but also being located snugly in a cul-de-sac, completely blocking out the traffic noise. The proximity to the freeway allows an easy commute and makes traveling so easy. An amazing bonus is that there are fully paid-off solar panels installed; they come at no extra cost and they save a ton of utilities money. The cherry-on-top is the cute, cozy backyard. A miniature orchard with all different kinds of fruit, you will be able to enjoy delicious fruit year-round. Don't miss this amazing chance to call this perfect family house your own!!!

SEE MORE

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: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
Guinn Elementary School Primary Regular 794 28 1
South Junior High School Middle Regular 1,558 67 2
Katella High School High Regular 2,692 92 4

Guinn Elementary School

  • Education Level: Primary
  • # of students: 794
  • # of teachers: 28
1
GreatSchools Rating

South Junior High School

  • Education Level: Middle
  • # of students: 1,558
  • # of teachers: 67
2
GreatSchools Rating

Katella High School

  • Education Level: High
  • # of students: 2,692
  • # of teachers: 92
4
GreatSchools Rating
 

$602,910$736,890$669,900

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,472
Property Tax -$689
Property Insurance -$63
Property Management Fees -$137
CASH FLOW
-$560

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$669,900

PROJECTED PRICE

$2,800

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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$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$183,274

INVESTMENT

$183,274

Down Payment
$167,475
Rehab Estimate
$5,750
Closing Costs
$10,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,475
Loan Amount $502,425
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$13,044

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.91

    LIST RENT PER SQFT
  • $2,771

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,8003$2,9004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 1118 S Peregrine Place Anaheim, CA 2
    • 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.91
    •  
  • 2232 E North Redwood Drive Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1956
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.81
    •  
  • 1434 E Clifpark Way Anaheim, CA 3
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1971
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.07
    •  
  • 2708 E Lizbeth Avenue Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1962
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.84
    •  
  • 879 S Wayside Street Anaheim, CA 5
    • 4 beds 1 baths ∙ 1,639 Sqft ∙ Built 1959 4 beds 1 baths ∙ 1,639 Sqft ∙ Built 1959
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.83
    •  
PROPERTY LISTING DETAILS
Hatsey Egziabher
C-west Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20665388
Last Updated: 12/05/2020
BESbswy