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11653 Halawa Lane Cypress, CA 90630

3 Beds 2 Baths 1,822 sqft Built 1965

INVESTimate

$769,000

List Price

$2,990

$2,740 - $3,240

Rent Est.

$817,370  ( +6.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $422.06
  • 5 Days on Market
  • MLS # : OC20168998
  • Updated Date : 08/24/2020 at 12:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,822 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Coastal Proper

Listing Agent's Description

Rarely on the market Orangewood Estates Cypress Tri Level gem!! The 2 bedroom plus office (3rd bedroom), 2 bathroom has a spacious 1800+ sq ft open floor plan with expanded family room and sunroom area. Sunroom exits to a relaxing covered patio area. Family room expansion easily converts to a 4th bedroom. Boasts a 6,200 sq ft lot to enjoy outdoor bbq, lounging, and seasonal activities. Two car attached garage with room for storage. All of this in an award winning school district with top rated schools, college, local parks, restaurants & shopping close by, and centrally located. Also minutes to the freeway for convenient commuting. This is a must see, it won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

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
 

$692,100$845,900$769,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,837
Property Tax -$776
Property Insurance -$71
Property Management Fees -$147
CASH FLOW
-$841

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.

$769,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.29%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $3,175

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9903$3,0004$3,0005$3,275
$3,275
RENT COMPS ANALYSIS
  • 11653 Halawa Lane Cypress, 2
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.64
    •  
  • 11432 Tilghman Way Cypress, 1
    • 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1973
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.64
    •  
  • 11375 Harkers Court Cypress, 3
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1974
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.85
    •  
  • 6985 Molokai Drive Cypress, 4
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1967
    property image
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.79
    •  
  • 6651 Brewster Court Cypress, 5
    • 3 beds 3 baths ∙ 1,933 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,933 Sqft ∙ Built 1973
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $1.69
    •  
PROPERTY LISTING DETAILS
Keith Koss
Keller Williams Coastal Proper
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20168998
Last Updated: 08/24/2020
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