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1239 W Dwyer Drive Anaheim, CA 92801

4 Beds 3 Baths 2,589 sqft Built 1957

$929,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $358.83
  • 3 Days on Market
  • MLS # : PW20257060
  • Updated Date : 12/18/2020 at 15:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,589 sqft
  • Baths : 2 full , 1 half
Listing Agent

Paul Kott Realtors, Inc.

Listing Agent's Description

Rare Westmont Listing! Don't miss out on this home located on one of the best streets in Anaheim (Dwyer circle)! This mid-century modern ranch style gem features mirrored entry way with step-down formal living room complete with vaulted ceilings and stone fireplace. There is also a family room featuring a built-in bar and sliding glass door out to the patio/pool area. Other features to this spacious home are a large kitchen, formal dining room, separate laundry room, 4 bedrooms, office and bonus room (both could be converted into bedrooms), 2.5 bathrooms, built-in storage galore, central air and heat, recessed lighting and ceiling fans. The backyard oasis completes this home with a large patio area, small cabana with outdoor restroom/changing room and pool with a diving board. There is an attached 2 car-garage and circular driveway along with established fruit trees galore and lush landscaping in both front and back yards. Close to schools, freeways, shopping, Anaheim Civic Center, Anaheim Packing House District, Disneyland Resort and so much more! Don't miss out on this rare opportunity! Virtual Tour: https://my.matterport.com/show/?m=KdtqAosxSsi&brand=0

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Colony

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $199k742k

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

Neighborhood: The Colony

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $14693345

* 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
Westmont Elementary School Primary Regular 835 31 3
Westmont Elementary School Middle Regular 835 31 3
Anaheim High School High Regular 3,206 130 4

Westmont Elementary School

  • Education Level: Primary
  • # of students: 835
  • # of teachers: 31
3
GreatSchools Rating

Westmont Elementary School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 31
3
GreatSchools Rating

Anaheim High School

  • Education Level: High
  • # of students: 3,206
  • # of teachers: 130
4
GreatSchools Rating
 

$836,100$1,021,900$929,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$3,428
Property Tax -$972
Property Insurance -$90
Property Management Fees -$163
CASH FLOW
-$1,322

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.

$929,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.2%
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$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$251,935

INVESTMENT

$251,935

Down Payment
$232,250
Rehab Estimate
$5,750
Closing Costs
$13,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,428

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $232,250
Loan Amount $696,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$667

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $3,426

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,1003$3,3304$3,700
$3,700
RENT COMPS ANALYSIS
  • 1239 W Dwyer Drive Anaheim, CA 3
    • 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $1.29
    •  
  • 1435 W Westmont Drive Anaheim, CA 1
    • 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 1965 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 1965
    property image
    LEASED 07/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.24
    •  
  • 807 S Agate Street Anaheim, CA 2
    • 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1956 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1956
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.29
    •  
  • 581 S Greenwich Street Anaheim, CA 4
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1977
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.44
    •  
PROPERTY LISTING DETAILS
Paul Kott
Paul Kott Realtors, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20257060
Last Updated: 12/18/2020
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