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11450 Seabrook Way Cypress, CA 90630

3 Beds 2 Baths 1,312 sqft Built 1975

$560,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $426.83
  • 17 Days on Market
  • MLS # : PW21013394
  • Updated Date : 02/06/2021 at 08:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,312 sqft
  • Baths : 2 full
Listing Agent

Chapman Realty

Listing Agent's Description

THREE BEDROOM TWO BATH SINGLE STORY END UNIT LOCATED IN CYPRESS VILLAGE! Single level floor plan with 1,312 square feet of living area. Spacious living and dining area with gas fireplace. Plenty of space in the master bedroom, two double wide closets, sliding glass door to the patio, extra large vanity, walk-in shower. Two more guest bedrooms and a handicap shower in secondary hallway bath. Inside laundry for washer and dryer, upgraded furnace, newer water heater and central air conditioning! Private patio with access to a two car detached garage. Cypress Village has three community pools, three clubhouses, spa, children's pool, tennis court, greenbelts and walking paths throughout. HOA is $290. Close access to shopping, dining and public parks!

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

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18413345

* 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
Patton Elementary School Primary Regular 1,006 37 10
Patton Elementary School Middle Regular 1,006 37 10
Pacifica High School High Regular 1,773 75 9

Patton Elementary School

  • Education Level: Primary
  • # of students: 1,006
  • # of teachers: 37
10
GreatSchools Rating

Patton Elementary School

  • Education Level: Middle
  • # of students: 1,006
  • # of teachers: 37
10
GreatSchools Rating

Pacifica High School

  • Education Level: High
  • # of students: 1,773
  • # of teachers: 75
9
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,945
Property Tax -$565
Property Insurance -$59
HOA -$290
Property Management Fees -$131
CASH FLOW
-$311

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.

$560,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$11,929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $2,686

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5953$2,6804$2,7505$3,000
$3,000
RENT COMPS ANALYSIS
  • 11450 Seabrook Way Cypress, CA 3
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $2.04
    •  
  • 11095 Emerson Way Stanton, CA 1
    • 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1971
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.98
    •  
  • 11542 Palawan Street Cypress, CA 2
    • 3 beds 2 baths ∙ 1,249 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,249 Sqft ∙ Built 1972
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $2.08
    •  
  • 7081 Fulton Way Stanton, CA 4
    • 4 beds 2 baths ∙ 1,336 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,336 Sqft ∙ Built 1971
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.06
    •  
  • 6547 Reefton Avenue Cypress, CA 5
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1972
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.07
    •  
PROPERTY LISTING DETAILS
Curtis Chapman
Chapman Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21013394
Last Updated: 02/06/2021
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