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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$230,995
LOAN DETAILS
$3,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,495 |
| Loan Amount | $637,485 |
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
-
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
Rg Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20235336
Last Updated: 11/07/2020
