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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $413.65
- 3 Days on Market
- MLS # : PW21000312
- Updated Date : 01/02/2021 at 08:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,692 sqft
- Baths : 2 full , 1 half
Listing Agent
Nationwide Real Estate Execs
Listing Agent's Description
Welcome to this gorgeous 3 bedrooms, 2.5 bathrooms two-story home in the tranquil community of Anaheim Shores. As you enter the home, you will be greeted with tons of natural lighting, vaulted ceilings, stunning hard-wood flooring, and a warm fireplace. Enjoy cooking decadent meals in your spacious kitchen. The kitchen features lots of countertop space, cabinets, and a breakfast counter. Upstairs you will find the roomy bedrooms and carpet flooring. The master suite is spacious with a walk-in closet, tall ceilings, and a master bathroom with an oversized soaking bathtub. Front the master bedroom, step out to your balcony that overlooks the gorgeous lake. Enjoy the spacious backyard which includes a covered patio and direct access to the greenbelt and lake. Central A/C, custom wooden shutters, dual-paned windows, formal dining room, and attached 2-car garage. Take a peaceful evening stroll next to the private lake and watch the wildlife flourish. The Anaheim Shores community offers on-site security, 3 pools, 3 Jacuzzi’s and award-winning landscaping. Located near lots of shopping, transportation, dining, and freeway access. This home is a must-see!
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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: West Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,060 |
| EXPENSES | Loan Payment | -$2,582 |
| Property Tax | -$720 | |
| Property Insurance | -$68 | |
| HOA | -$222 | |
| Property Management Fees | -$150 | |
|
CASH FLOW
-$682
|
||
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.
$699,900
PROJECTED PRICE
$3,060
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.35% |
| 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
$191,224
LOAN DETAILS
$2,582
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,975 |
| Loan Amount | $524,925 |
1.58
YEARS SAVED
$7,687
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,060
LIST RENT -
$1.81
LIST RENT PER SQFT
-
$3,058
COMP ESTIMATED VALUE -
$1.81
COMP AVG. RENT PER SQFT
Comps Range
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1242 N Lighthouse Lane Anaheim, CA 3
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- $2,500
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LEASED 02/09/20- Rent
- Rent Per SQFT
- $2,900
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-
1864 W Surf Drive Anaheim, CA 4
- 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 1978
LEASED 09/08/20- Rent
- Rent Per SQFT
- $3,200
- $1.74
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1174 N Voyager Lane Anaheim, CA 5
- 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1977
LEASED 04/24/20- Rent
- Rent Per SQFT
- $3,400
- $1.86
PROPERTY LISTING DETAILS
Nationwide Real Estate Execs
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21000312
Last Updated: 01/02/2021
