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131 S Chantilly Street Anaheim, CA 92806

4 Beds 3 Baths 2,361 sqft Built 1970

$749,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $317.24
  • 8 Days on Market
  • MLS # : DW20248170
  • Updated Date : 12/03/2020 at 21:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,361 sqft
  • Baths : 3 full
Listing Agent

Iberri & Associates Real Estate

Listing Agent's Description

Amazing 4 bedroom, 3 bath Home in Excellent Neighborhood in East Anaheim. Well kept, spacious floor plan offering a living Room featuring cathedral ceiling and fireplace and a formal dining room just around the corner. The kitchen with upgraded cabinetry, Corian kitchen counter tops and a center island/breakfast bar, and recessed lighting opens to the large Family room with Wet Bar. One bedroom and full bath are downstairs, making it ideal for guest or an office. Laundry room on the main floor. The other 3 bedrooms are upstairs, and the huge master suite has a private bath. There's a large, private yard with sparkling pool and plenty of room to enjoy the sun. There are newer vinyl windows throughout the house, central air conditioning and ceiling fans in every room. The attached 3 car garage with direct access has roll-up sectional doors, an opener and overhead storage area. Great Cul-de-sac Location. Close to shopping and easy freeway access too! Won't last! Hurry and make it yours today!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
Sunkist Elementary School Primary Regular 892 31 3
Sunkist Elementary School Middle Regular 892 31 3
Katella High School High Regular 2,692 92 4

Sunkist Elementary School

  • Education Level: Primary
  • # of students: 892
  • # of teachers: 31
3
GreatSchools Rating

Sunkist Elementary School

  • Education Level: Middle
  • # of students: 892
  • # of teachers: 31
3
GreatSchools Rating

Katella High School

  • Education Level: High
  • # of students: 2,692
  • # of teachers: 92
4
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$2,763
Property Tax -$770
Property Insurance -$84
Property Management Fees -$163
CASH FLOW
-$451

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.

$749,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$26,568

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $3,571

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2003$3,3004$3,3305$3,995
$3,995
RENT COMPS ANALYSIS
  • 131 S Chantilly Street Anaheim, CA 4
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $1.41
    •  
  • 906 S Chantilly Street Anaheim, CA 1
    • 4 beds 3 baths ∙ 2,131 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,131 Sqft ∙ Built 1962
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.50
    •  
  • 121 S Plantation Place Anaheim, CA 2
    • 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.46
    •  
  • 184 S Alice Way Anaheim, CA 3
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1969
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.40
    •  
  • 2625 E Ward Anaheim, CA 5
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1970
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.69
    •  
PROPERTY LISTING DETAILS
Jose Iberri
Iberri & Associates Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20248170
Last Updated: 12/03/2020
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