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1168 S Silver Star Way Anaheim Hills, CA 92808

4 Beds 3 Baths 2,013 sqft Built 1993

$948,888

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $471.38
  • 9 Days on Market
  • MLS # : OC21125669
  • Updated Date : 07/10/2021 at 17:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,013 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Platinum Prop

Listing Agent's Description

A CHARMING, UPGRADED, VIEW home in the desirable city of Anaheim Hills! RARE PREMIUM lot- One of the LARGEST LOTs in the community! Beautiful canyon/creek view! Double Door entry leads to a lighted living room with dramatic cathedral ceiling and impressive light fixture. Formal dining room adjacent to the living room. Family room with fire place and built in cabinets open to the kitchen. The upgraded gourmet kitchen features granite counter top, stainless steel appliances, 5 burner gas range, new dishwasher and new microwave, plus a spacious dining island and plenty of storage in upgraded cabinets w large drawers. Tile floor throughout on the first floor. Upstairs, you will find the master bedroom with view to the back yard and canyon, a shower with a glass door and a separate soaking tub, dual sink vanities and a big walk-in closet. 3 secondary bedrooms. All bedrooms have closet with organizers and plantation shutters. An additional bath with glass door. Inside laundry room with washer and dryer on the first floor. Direct access to a 2 car garage with Tesla/EV electric car charger and long driveway. Recessed lights on the first floor. AC system, water heater, most windows and sliding door were replaced within the last 3 years. Dual pane windows. The property has water softener , reverse osmosis system, and alarm system. Move-in ready with fresh interior paint throughout and new carpet on the second floor. An impressive HUGE back yard that is great for entertaining. Great quiet interior location. No mello Roos! Low HOA fees! Just minutes from , Ronald Reagan Park, recreational trails, shopping, and restaurants with convenient 91 freeway and 241 toll access. Award winning schools. A RARE OPPORTUNITY and a truly beautiful home! Must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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]

PRICE & RENT TRENDS

Neighborhood: The Summit of Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: The Summit of Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15963818

* 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
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

El Rancho Charter School

  • Education Level: Middle
  • # of students: 1,186
  • # of teachers: 41
9
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,338
  • # of teachers: 86
9
GreatSchools Rating
 

$853,999$1,043,777$948,888

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$3,296
Property Tax -$905
Property Insurance -$76
HOA -$100
Property Management Fees -$166
CASH FLOW
-$1,163

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$948,888

PROJECTED PRICE

$3,380

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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

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$257,205

INVESTMENT

$257,205

Down Payment
$237,222
Rehab Estimate
$5,750
Closing Costs
$14,233

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,296

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,222
Loan Amount $711,666
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$635

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $3,568

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$3,380
1$3,3802$3,3953$3,4004$3,5005$3,700
$3,700
RENT COMPS ANALYSIS
  • 1168 S Silver Star Way Anaheim Hills, CA 1
    • 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $1.68
    •  
  • 8605 E Canyon Vista Drive Anaheim Hills, CA 2
    • 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 1994
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.85
    •  
  • 933 S Lone Pine Lane Anaheim Hills, CA 3
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 1990
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.72
    •  
  • 1257 S Silver Star Way Anaheim Hills, CA 4
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1992
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.75
    •  
  • 744 S Morningstar Drive Anaheim Hills, CA 5
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1991
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.77
    •  
PROPERTY LISTING DETAILS
Yael Gross
Coldwell Banker Platinum Prop
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21125669
Last Updated: 07/10/2021
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