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1242 N Lighthouse Lane Anaheim, CA 92801

3 Beds 3 Baths 1,692 sqft Built 1983

$699,900

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
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!

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: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15413345

* 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
Marshall Elementary School Primary Regular 752 27 3
Brookhurst Junior High School Middle Regular 1,193 45 3
Savanna High School High Regular 2,055 73 3

Marshall Elementary School

  • Education Level: Primary
  • # of students: 752
  • # of teachers: 27
3
GreatSchools Rating

Brookhurst Junior High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 45
3
GreatSchools Rating

Savanna High School

  • Education Level: High
  • # of students: 2,055
  • # of teachers: 73
3
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

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
$2,500
1$2,5002$2,9003$3,0604$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 1242 N Lighthouse Lane Anaheim, CA 3
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.81
    •  
  • 2681 W Cameron Court Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1980
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.84
    •  
  • 1976 W Bayshore Drive Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1977
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.79
    •  
  • 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
    •  
  • 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
Ben Gomez
Nationwide Real Estate Execs
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21000312
Last Updated: 01/02/2021
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