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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $454.76
- 3 Days on Market
- MLS # : PW21035477
- Updated Date : 02/20/2021 at 21:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,649 sqft
- Baths : 2 full
Listing Agent
Liberio, James
Listing Agent's Description
Welcome home to this Beautiful West Anaheim Home. Located on a quiet ColdASac in one of the Best Neighborhoods of the area. This Home has been well taken care of, with several Beautiful Upgrades. Remodeled Kitchen with Newer Cabinets and Counters, as well as Recessed Lighting. Beautiful Double Pane Windows and Sliders throughout. As well as Plantation Shutters. A great layout with 4 bedrooms and 3 bathrooms, and tons of extra space. This home also has a very large wide open backyard, with a large covered patio and Beautiful Fruit Trees. Just waiting for you to come and put the finishing touches to call it HOME!!! Located walking distance to Schools and Shopping. Close to Disneyland!
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MARKET HIGHLIGHTS
- 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)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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 | $3,050 |
| EXPENSES | Loan Payment | -$2,605 |
| Property Tax | -$771 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$542
|
||
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.
$749,900
PROJECTED PRICE
$3,050
PROJECTED RENT
0.41%
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
$204,474
LOAN DETAILS
$2,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $187,475 |
| Loan Amount | $562,425 |
2.5
YEARS SAVED
$14,275
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,050
LIST RENT -
$1.85
LIST RENT PER SQFT
-
$3,298
COMP ESTIMATED VALUE -
$2
COMP AVG. RENT PER SQFT
Comps Range
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1309 S Falcon Street Anaheim, CA 4
- 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $3,050
- $1.85
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725 S Hacienda Street Anaheim, CA 1
- 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964
LEASED 07/04/20- Rent
- Rent Per SQFT
- $2,900
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1359 S Walnut Street Anaheim, CA 2
- 4 beds 3 baths ∙ 1,466 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,466 Sqft ∙ Built 1977
LEASED 03/25/20- Rent
- Rent Per SQFT
- $3,000
- $2.05
-
1604 W Palais Road Anaheim, CA 3
- 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1961
LEASED 02/03/21- Rent
- Rent Per SQFT
- $3,000
- $2.06
-
1216 W Beacon Avenue Anaheim, CA 5
- 4 beds 3 baths ∙ 1,757 Sqft ∙ Built 1954 4 beds 3 baths ∙ 1,757 Sqft ∙ Built 1954
LEASED 06/29/20- Rent
- Rent Per SQFT
- $3,600
- $2.05
PROPERTY LISTING DETAILS
Liberio, James
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21035477
Last Updated: 02/20/2021
