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1287 N Willamette Drive Anaheim Hills, CA 92807

3 Beds 2 Baths 1,438 sqft Built 1976

$719,888

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $500.62
  • 4 Days on Market
  • MLS # : PI20223044
  • Updated Date : 11/02/2020 at 19:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,438 sqft
  • Baths : 2 full
Listing Agent

Coastal Connection Real Estate

Listing Agent's Description

FANTASTIC OPPORTUNITY! If Location is important to you, look no further. This beautifully upgraded single level, 5445 sq. ft. corner lot property is situated in the HIGHLY sought after Woodsboro track. The designer inspired 3 bedroom / 2 bath home boasts newly installed wood laminate floors in most rooms, crown molding, recessed lighting, upgraded bathrooms, open concept family area with brick fireplace, entertainment wall with shiplap, upgraded kitchen cabinets, cupboards and hardware, stainless steel appliances, newer HVAC unit, dual pane windows, garage storage cabinets, and more. This family friendly neighborhood is active and inviting. This community is often found outside interacting and often come together to celebrate holiday events. This home is conveniently located within walking distance to picturesque Yorba Regional Park, Woodsboro Elementary School, and close to freeways, toll roads, restaurants and great shopping centers. (more photos to follow) How does it get better than this?

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: 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
Woodsboro Elementary School Primary Magnet 582 20 8
Bernardo Yorba Middle School Middle Regular 643 25 9
Esperanza High School High Regular 1,858 72 8

Woodsboro Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 20
8
GreatSchools Rating

Bernardo Yorba Middle School

  • Education Level: Middle
  • # of students: 643
  • # of teachers: 25
9
GreatSchools Rating

Esperanza High School

  • Education Level: High
  • # of students: 1,858
  • # of teachers: 72
8
GreatSchools Rating
 

$647,899$791,877$719,888

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,656
Property Tax -$696
Property Insurance -$62
Property Management Fees -$140
CASH FLOW
-$703

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.

$719,888

PROJECTED PRICE

$2,850

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$196,520

INVESTMENT

$196,520

Down Payment
$179,972
Rehab Estimate
$5,750
Closing Costs
$10,798

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,972
Loan Amount $539,916
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,434

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $2,854

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,1504$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 1287 N Willamette Drive Anaheim Hills, CA 1
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.98
    •  
  • 5851 Via Romero Yorba Linda, CA 2
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1978
    property image
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
  • 6169 Via Nietos Yorba Linda, CA 3
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1978
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.06
    •  
  • 1224 N Foxton Circle Anaheim, CA 4
    • 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 1976
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.93
    •  
  • 5725 Via Del Coyote Yorba Linda, CA 5
    • 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 1984
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.00
    •  
PROPERTY LISTING DETAILS
Rebecca Greto
Coastal Connection Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PI20223044
Last Updated: 11/02/2020
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