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1244 S Country Glen Way Anaheim Hills, CA 92808

3 Beds 3 Baths 1,171 sqft Built 1993

INVESTimate

$548,000

List Price

$2,250

$2,025 - $2,475

Rent Est.

$571,838  ( +4.35%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $467.98
  • 15 Days on Market
  • MLS # : PW20162704
  • Updated Date : 08/19/2020 at 06:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,171 sqft
  • Baths : 3 full
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

Welcome home to this beautiful three bed, three bath Summit Court condo. Enjoy walking in from a private ground level front door into a bright and open family room. Step inside and you’ll find the kitchen with updated granite countertops and enough space to create a multitude of culinary delights to serve on the breakfast bar. The convenient downstairs bedroom is great for an office, guest bedroom, or playroom, and offers an adjacent full downstairs bathroom. Walk through the sliding glass doors into the backyard with a covered concrete patio, 3 year old synthetic turf, and fruit trees. Make this your place to BBQ and relax! Upstairs is the master suite complete with dual sinks, a full bathtub and huge walk in closet. The third bedroom and full bathroom are located at the end of the hall upstairs. The home has a one car attached garage as well as an assigned covered carport directly in front of the garage. Enjoy everything Summit Court has to offer, with a beautiful pool, spa and outdoor BBQ area, fitness room, playground and ample guest parking. And for the adventurous types there are several hiking and biking trails in close proximity! Close to shops, restaurants and convenient freeway access. Don’t pass this one up!

SEE MORE

MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Summit of Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: The Summit of 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
Running Springs Elementary School Primary Regular 695 26 8
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

Running Springs Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 26
8
GreatSchools Rating

El Rancho Charter School

  • Education Level: Middle
  • # of students: 1,186
  • # of teachers: 41
9
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,338
  • # of teachers: 86
9
GreatSchools Rating
 

$493,200$602,800$548,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,022
Property Tax -$523
Property Insurance -$55
HOA -$265
Property Management Fees -$110
CASH FLOW
-$725

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.

$548,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.35%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,970

INVESTMENT

$150,970

Down Payment
$137,000
Rehab Estimate
$5,750
Closing Costs
$8,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,000
Loan Amount $411,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $2,233

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,6503$2,8504$2,950
$2,950
RENT COMPS ANALYSIS
  • 1244 S Country Glen Way Anaheim Hills, 1
    • 3 beds 3 baths ∙ 1,171 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,171 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.92
    •  
  • 1130 S Positano Avenue Anaheim Hills, 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1995
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 7700 E Viewrim Drive Anaheim Hills, 3
    • 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1997
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.88
    •  
  • 7935 E Acorn Court Anaheim Hills, 4
    • 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1996
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.95
    •  
PROPERTY LISTING DETAILS
Clay Jorth
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20162704
Last Updated: 08/19/2020
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