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1317 E Banyan Avenue Anaheim, CA 92805

3 Beds 2 Baths 1,231 sqft Built 1958

$610,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $495.53
  • 21 Days on Market
  • MLS # : PW20226363
  • Updated Date : 11/13/2020 at 13:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,231 sqft
  • Baths : 2 full
Listing Agent

Own It Group

Listing Agent's Description

You’ve found the most stunning home in the desirable area of Anaheim. 1317 E Banyan, Anaheim, CA presents high-quality interior, exterior, and neighborhood amenities. As soon as you walk in, you’re met with the natural hardwood floor in the living room. Enjoy a warm cozy feeling in the middle of winter with the brick fireplace in the living room. The updated, well-maintained kitchen features modern appliances that are easy to use. Stove, Microwave, Dishwasher, cabinets, and drawers. The kitchen floor is a neutral white tile. The backyard shows how well it's been taken care of - Beautiful tall natural palm trees all around the block wall. With a wood pergola patio cover in the backyard providing shade or rain coverage. Perfect backyard patio for entertainment with family or friends. First showing 11/14/20 from 9:00 am 2:00 pm see link on remarks to schedule appointments

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: 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
Thomas Edison Elementary School Primary Regular 975 32 2
Thomas Edison Elementary School Middle Regular 975 32 2
Anaheim High School High Regular 3,206 130 4

Thomas Edison Elementary School

  • Education Level: Primary
  • # of students: 975
  • # of teachers: 32
2
GreatSchools Rating

Thomas Edison Elementary School

  • Education Level: Middle
  • # of students: 975
  • # of teachers: 32
2
GreatSchools Rating

Anaheim High School

  • Education Level: High
  • # of students: 3,206
  • # of teachers: 130
4
GreatSchools Rating
 

$549,000$671,000$610,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,251
Property Tax -$627
Property Insurance -$57
Property Management Fees -$124
CASH FLOW
-$519

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.

$610,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.42%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$11,280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $2.06

    LIST RENT PER SQFT
  • $2,530

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5403$2,6004$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 1317 E Banyan Avenue Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $2.06
    •  
  • 969 Eastwind Drive Placentia, CA 1
    • 3 beds 1 baths ∙ 1,092 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,092 Sqft ∙ Built 1972
    property image
    LEASED 06/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $2.01
    •  
  • 1333 E Kenwood Avenue Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1954
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.98
    •  
  • 1242 E Kenwood Avenue Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1954
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.17
    •  
  • 303 S Dawn Street Anaheim, CA 5
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1954
    property image
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.06
    •  
PROPERTY LISTING DETAILS
Henry Cossio
Own It Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20226363
Last Updated: 11/13/2020
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