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11520 Cozumel Street Cypress, CA 90630

5 Beds 3 Baths 2,250 sqft Built 1972

$874,800

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $388.80
  • 21 Days on Market
  • MLS # : PW21010932
  • Updated Date : 02/05/2021 at 12:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,250 sqft
  • Baths : 3 full
Listing Agent

Gmt Real Estate

Listing Agent's Description

Welcome to this spacious South Cypress Dream home! This highly desired floorplan features five bedrooms and three bathrooms in this two story home. Upon arrival, you'll be greeted with a long walkway alongside a private front courtyard. The inviting entry features wood floors, berber carpet and a vaulted ceiling over the front living room. A spacious, open- concept kitchen offers large windows allowing lots of natural light into the adjacent dining area. The freshly painted downstairs master bedroom includes an en-suite master bathroom with a pedestal sink and custom shower. The upstairs features an oversized loft with vaulted ceilings and is suitable for a game room or second living room. Also upstairs are two bedrooms with a bonus storage area/playroom and one full bathroom. The home also offers direct access to the two car garage with laundry area. The home is conveniently situated within the Garden Grove Unified School District attendance area, specifically Patton Elementary, Bell Intermediate and Pacifica High School which are all top-rated schools!

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
 

$787,320$962,280$874,800

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$3,039
Property Tax -$883
Property Insurance -$81
Property Management Fees -$153
CASH FLOW
-$1,026

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.

$874,800

PROJECTED PRICE

$3,130

PROJECTED RENT

0.36%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$237,572

INVESTMENT

$237,572

Down Payment
$218,700
Rehab Estimate
$5,750
Closing Costs
$13,122

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,700
Loan Amount $656,100
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $3,375

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$3,130
1$3,1302$3,1503$3,2504$3,5755$3,600
$3,600
RENT COMPS ANALYSIS
  • 11520 Cozumel Street Cypress, CA 1
    • 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.39
    •  
  • 11601 Luzon Street Cypress, CA 2
    • 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1970
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.40
    •  
  • 11573 Manila Drive Cypress, CA 3
    • 5 beds 2 baths ∙ 2,263 Sqft ∙ Built 1969 5 beds 2 baths ∙ 2,263 Sqft ∙ Built 1969
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.44
    •  
  • 6188 Palau Street Cypress, CA 4
    • 5 beds 3 baths ∙ 2,297 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,297 Sqft ∙ Built 1971
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,575
    • $1.56
    •  
  • 6598 Reefton Avenue Cypress, CA 5
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1972
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.60
    •  
PROPERTY LISTING DETAILS
Nancy Dodd
Gmt Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21010932
Last Updated: 02/05/2021
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