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

11642 Rabaul Drive Cypress, CA 90630

4 Beds 3 Baths 2,136 sqft Built 1970

$899,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $420.88
  • 2 Days on Market
  • MLS # : OC21023439
  • Updated Date : 02/06/2021 at 06:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,136 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Entertainer's Dream Home in Fabulous Family-Friendly Neighborhood in Top School Zone (Award-Winning Patton, Bell, Pacifica) w/4 Bedrms, 3 Upgraded Baths (1 BD & Full Bath Down) + Giant Bonus Rm on Interior Lot w/Large Welcoming Front Courtyard & a Backyard that is Ready for that California Outdoor Living Lifestyle & Entertaining w/Sparkling Pool (Iron Safety Fence) & Huge Full Covered Patio w/2 Ceiling Fans, Recessed Lights & Surround Sound! This Beautiful Home has an Open Concept Floorplan, Lots of Natural Light & is Highly Upgraded Throughout. It Features: Dual Zone A/C, "Paid-For" Solar System, Soaring Ceiling, Dual Pane Windows, Crown Molding, Recessed Lighting, Custom Window/Door Casements, Raised Panel Interior Doors, Tile Flooring Down, Granite Counters, and More! Custom Entry Door w/2 Opening Sidelights have Beveled Glass & Palladium Window Above, Opens to a Lovely Formal Living Rm w/Bay Window & Fireplace, Hardwood Staircase w/Handcrafted Wood Railings & Banister, and a Formal Dining Rm. Kitchen Boasts Granite Counters, Stainless Sink & Appliances, Separate Granite Coffee Bar, Walk-In Pantry & Open to Large Family Rm. Master Suite has Walk-In Closet & Remodeled Bathrm w/Newer Vanity, Fixtures & Shower w/Designer Tile Surround w/Mosaic Glass Tile Inlay. 2 More Bedrms Upstairs + Large Guest Bath w/Tiled Tub/Shower + the Fabulous Bonus Rm. This Home Truly Has it All, Plus Steps to Park, Close to Navy Golf Course, Shopping, Restaurants, Beach & 405, 22 & 605 Freeways.

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
Bell Intermediate School Middle Regular 676 25 9
Pacifica High School High Regular 1,773 75 9

Bell Intermediate School

  • Education Level: Middle
  • # of students: 676
  • # of teachers: 25
9
GreatSchools Rating

Pacifica High School

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

$809,100$988,900$899,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,123
Property Tax -$895
Property Insurance -$79
Property Management Fees -$167
CASH FLOW
-$853

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.

$899,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.38%

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-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $3,065

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1503$3,2504$3,4105$3,600
$3,600
RENT COMPS ANALYSIS
  • 11642 Rabaul Drive Cypress, CA 4
    • 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $1.60
    •  
  • 6654 Brewster Court Cypress, CA 1
    • 3 beds 4 baths ∙ 2,301 Sqft ∙ Built 1974 3 beds 4 baths ∙ 2,301 Sqft ∙ Built 1974
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.30
    •  
  • 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
    •  
  • 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
Eva Riddle
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21023439
Last Updated: 02/06/2021
BESbswy