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1231 N Lynwood Drive Anaheim Hills, CA 92807

4 Beds 3 Baths 2,379 sqft Built 1980

$849,980

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $357.28
  • 2 Days on Market
  • MLS # : CV20235336
  • Updated Date : 11/07/2020 at 17:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,379 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rg Realty

Listing Agent's Description

Beautiful 4 brs, 2.5 bath, 2,379 sqft home, spacious open floor plan, hillside views, and walking distance to the Yorba Regional Park. Through the entrance, immediately notice the vaulted ceiling, dual panel windows, and newly installed laminate wood floors. Entertain guests in the living room next to the entrance, and transition over to the dining area. Spacious kitchen with lots of cabinet space, a newly installed induction stove, pull-out drawers, granite countertops, garden window, recessed lighting and a new double convection oven. A breakfast area, with a counter bar, is nicely nestled between the family room and the kitchen. Family room features a fireplace, recessed lighting and crown molding. Garage has epoxy flooring with many storage cabinets, and it is updated with a new water heater plus a new garage door. A tropical oasis of a lush backyard is ideal for relaxing with guests. Koi pond with streams and waterfalls, built-in BBQ with stereo system, LED lighting within the Palau (Grass hut), an additional patio with curtain covers are impressive features to entertain. Retiring for the night, slip upstairs to a large master suite, with vaulted ceiling, remote controlled fireplace, soaking tub, shower, and a walk-in closet. Enjoy lower electric bills with the whole house fan. This home has gorgeous curb appeal located in the award-winning Placentia-Yorba Linda School District. NO HOA and NO MELLO ROOS.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: 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
Woodsboro Elementary School Primary Magnet 582 20 8
Bernardo Yorba Middle School Middle Regular 643 25 9
Esperanza High School High Regular 1,858 72 8

Woodsboro Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 20
8
GreatSchools Rating

Bernardo Yorba Middle School

  • Education Level: Middle
  • # of students: 643
  • # of teachers: 25
9
GreatSchools Rating

Esperanza High School

  • Education Level: High
  • # of students: 1,858
  • # of teachers: 72
8
GreatSchools Rating
 

$764,982$934,978$849,980

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$3,136
Property Tax -$821
Property Insurance -$85
Property Management Fees -$180
CASH FLOW
-$552

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.

$849,980

PROJECTED PRICE

$3,670

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$230,995

INVESTMENT

$230,995

Down Payment
$212,495
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,495
Loan Amount $637,485
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$20,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,670

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $3,658

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4003$3,6004$3,6705$3,795
$3,795
RENT COMPS ANALYSIS
  • 1231 N Lynwood Drive Anaheim Hills, CA 4
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $1.54
    •  
  • 20405 Via Don Juan Yorba Linda, CA 1
    • 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.56
    •  
  • 7675 E Camino Tampico Anaheim Hills, CA 2
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1976
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.49
    •  
  • 7990 E Bauer Road Anaheim Hills, CA 3
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1985
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.60
    •  
  • 7688 E Calle Durango Anaheim Hills, CA 5
    • 5 beds 1 baths ∙ 2,523 Sqft ∙ Built 1977 5 beds 1 baths ∙ 2,523 Sqft ∙ Built 1977
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.50
    •  
PROPERTY LISTING DETAILS
Wen-yi Fang
Rg Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20235336
Last Updated: 11/07/2020
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