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1230 S Springwood Drive Anaheim Hills, CA 92808

5 Beds 3 Baths 2,443 sqft Built 1999

$1,099,000

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $449.86
  • 7 Days on Market
  • MLS # : PW21008381
  • Updated Date : 01/22/2021 at 10:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,443 sqft
  • Baths : 3 full
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

Situated on a cul-de-sac in the desirable Summit Community sits this beautifully upgraded family home. The largest of the Cambria model featuring 5 bedrooms, 3 baths, plus a large loft allowing plenty of versatility. The exterior features new paint, dual lock and pane windows throughout, front and back landscaping with new pavilion and built-in barbecue. Stepping inside you'll see newly painted walls, ceilings and baseboards. Updated luxury vinyl flooring downstairs with newly tiled bathrooms and carpeting upstairs. The beautifully laid out kitchen has been remodeled with its large quartzite kitchen island making this space ideal for relaxing with its welcoming fireplace! Kitchen features slow-close cabinets spanning from floor to ceiling, double pantry with ample storage, pull out spice drawer. All new kitchen-aid suite appliances with built-in refrigerator, dual gas oven range, microwave, warming drawer and wine refrigerator . These are just a few of the amazing upgrades that make this kitchen an entertainer’s dream! The spacious master suite offers a spa like experience, with amazing views of the hillside, his and hers walk-in closet, fully remodeled master bath with marble counters which compliments the large walk-in shower with dual rain shower heads. Other upgrades include, water softening system, PEX piping, energy efficient lighting, all new toilets, sinks and faucets. New air conditioning system with Nest home thermostat for eco temperature monitoring.

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 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)

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
Running Springs Elementary School Primary Regular 695 26 8
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

Running Springs Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 26
8
GreatSchools Rating

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
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$3,817
Property Tax -$1,049
Property Insurance -$86
HOA -$100
Property Management Fees -$181
CASH FLOW
-$1,533

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.

$1,099,000

PROJECTED PRICE

$3,700

PROJECTED RENT

0.34%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,700

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,646

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,550
1$3,5502$3,6503$3,7004$3,7505$3,800
$3,800
RENT COMPS ANALYSIS
  • 1230 S Springwood Drive Anaheim Hills, CA 3
    • 5 beds 3 baths ∙ 2,443 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,443 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.51
    •  
  • 8852 E Crestview Lane Anaheim Hills, CA 1
    • 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1998
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.58
    •  
  • 8865 E Wiley Way Anaheim Hills, CA 2
    • 5 beds 3 baths ∙ 2,443 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,443 Sqft ∙ Built 1999
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.49
    •  
  • 967 S Ladan Lane Anaheim Hills, CA 4
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 1994
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.44
    •  
  • 8730 E Running Springs Drive Anaheim Hills, CA 5
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1996
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.46
    •  
PROPERTY LISTING DETAILS
Amber Smyser
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21008381
Last Updated: 01/22/2021
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