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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $347.42
- 17 Days on Market
- MLS # : PW20259876
- Updated Date : 01/02/2021 at 11:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,799 sqft
- Baths : 2 full , 1 half
Listing Agent
Gmt Real Estate
Listing Agent's Description
Welcome home to highly sought after Cypress Village! This beautiful townhome is the largest floorpan boasting three bedrooms, two and a half baths and 1799 square feet. The formal living room has newly installed luxury vinyl flooring and a cozy fireplace. The recently renovated Entertainer's kitchen features white craftsmen cabinets and quartz countertops. The kitchen is open to a large dining area with lots of windows offering natural light. There is also a powder room on the first floor perfect for guests. Berber carpet covers the stairs extending into the hallway and bedrooms upstairs.The oversized master boasts a large walk in closet, fireplace and an en suite master bathroom. Two additional generously sized bedrooms are also upstairs. Cypress Village features tree-lined greenbelts, walking paths, three pools, huge spa, kiddy pool, tennis court, clubhouses and recreation rooms. This beautiful home is located in the attendance area for top-rated GGUSD schools. Patton Elementary, Bell Intermediate and Pacifica High School are all rated 9's and 10's.
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MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Cypress
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cypress
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,920 |
| EXPENSES | Loan Payment | -$2,306 |
| Property Tax | -$631 | |
| Property Insurance | -$71 | |
| HOA | -$285 | |
| Property Management Fees | -$143 | |
|
CASH FLOW
-$516
|
||
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.
$625,000
PROJECTED PRICE
$2,920
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$171,375
LOAN DETAILS
$2,306
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $156,250 |
| Loan Amount | $468,750 |
1.67
YEARS SAVED
$8,695
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,920
LIST RENT -
$1.62
LIST RENT PER SQFT
-
$3,148
COMP ESTIMATED VALUE -
$1.75
COMP AVG. RENT PER SQFT
Comps Range
-
11265 Knott Avenue Cypress, CA 1
- 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $2,920
- $1.62
-
11375 Harkers Court Cypress, CA 2
- 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1974
LEASED 04/16/20- Rent
- Rent Per SQFT
- $3,000
- $1.85
-
6985 Molokai Drive Cypress, CA 3
- 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1967
LEASED 04/05/20- Rent
- Rent Per SQFT
- $3,000
- $1.79
-
6888 Kent Way Cypress, CA 4
- 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1974
LEASED 11/12/20- Rent
- Rent Per SQFT
- $3,000
- $1.67
-
6651 Brewster Court Cypress, CA 5
- 3 beds 3 baths ∙ 1,933 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,933 Sqft ∙ Built 1973
LEASED 02/12/20- Rent
- Rent Per SQFT
- $3,275
- $1.69
PROPERTY LISTING DETAILS
Gmt Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20259876
Last Updated: 01/02/2021
