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1166 N Voyager Lane Anaheim, CA 92801

3 Beds 2 Baths 1,621 sqft Built 1977

$670,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $413.33
  • 9 Days on Market
  • MLS # : PW20234973
  • Updated Date : 11/11/2020 at 17:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,621 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

This newly remodeled single story home is located in the coveted community of "Anaheim Shores" - a community which boasts it's own private 8-acre lake with walking paths, 3 pools and gorgeous green space with mature landscaping. Fresh neutral paint compliments the bright & open floor plan. The home features wood laminate flooring throughout, recessed lighting and remodeled kitchen. The kitchen boasts plenty of white cabinet space with quartz counter tops with in-kitchen dining. The open concept living area has plenty of room for entertainment, featuring a fireplace for those cooler evenings. Sliders lead out to the side yard and back yard. The master bedroom en-suite is quite spacious with two closets and sliders opening up to the back yard as well. Secondary bedrooms share a Jack and Jill bathroom with separate vanity/sink areas. The backyard is low maintenance and has fruit trees and an avocado tree. An attached two car garage, driveway and proximity to "open" parking allows for plenty of parking. Low HOA does cover water. Ideal location for shopping, dining and freeway access makes this the home you don't want to miss!

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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: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15413345

* 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
Marshall Elementary School Primary Regular 752 27 3
Brookhurst Junior High School Middle Regular 1,193 45 3
Savanna High School High Regular 2,055 73 3

Marshall Elementary School

  • Education Level: Primary
  • # of students: 752
  • # of teachers: 27
3
GreatSchools Rating

Brookhurst Junior High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 45
3
GreatSchools Rating

Savanna High School

  • Education Level: High
  • # of students: 2,055
  • # of teachers: 73
3
GreatSchools Rating
 

$603,000$737,000$670,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,472
Property Tax -$689
Property Insurance -$66
HOA -$222
Property Management Fees -$147
CASH FLOW
-$597

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$670,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,300

INVESTMENT

$183,300

Down Payment
$167,500
Rehab Estimate
$5,750
Closing Costs
$10,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,500
Loan Amount $502,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$10,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $3,031

    COMP ESTIMATED VALUE
  • $1.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0003$3,2004$3,4005$3,600
$3,600
RENT COMPS ANALYSIS
  • 1166 N Voyager Lane Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.85
    •  
  • 1976 W Bayshore Drive Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1977
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.79
    •  
  • 1129 N Outrigger Way Anaheim, CA 3
    • 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1981
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.93
    •  
  • 1174 N Voyager Lane Anaheim, CA 4
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1977
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.86
    •  
  • 1324 W Valencia Mesa Drive Fullerton, CA 5
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1963 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1963
    LEASED 07/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.90
    •  
PROPERTY LISTING DETAILS
Debbi-an Purpura
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20234973
Last Updated: 11/11/2020
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