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136 W Wilken Way Anaheim, CA 92802

3 Beds 2 Baths 1,187 sqft Built 1958

$649,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $547.51
  • 7 Days on Market
  • MLS # : SW20227414
  • Updated Date : 10/28/2020 at 08:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,187 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams, The Lakes

Listing Agent's Description

Adorable 3 bedroom 1.5 bath home, with a large back yard complete with garden, spa and several fruit trees. Included is a large, recently built shed. It offers an additional room and mini workshop built into the garage. This can be used as a crafts room, sewing room, guest room or just extra storage area. This home is in a peaceful neighborhood, minutes from freeway access. Enjoy Disney, Anaheim stadium, Harbor Blvd, all very close. This is a great location!!

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

Zip Code: 92802

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Zip Code: 92802

ZipNIR 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
Ponderosa Elementary School Primary Regular 1,074 36 1
Ball Junior High School Middle Regular 1,043 40 2
Loara High School High Regular 2,377 88 4

Ponderosa Elementary School

  • Education Level: Primary
  • # of students: 1,074
  • # of teachers: 36
1
GreatSchools Rating

Ball Junior High School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 40
2
GreatSchools Rating

Loara High School

  • Education Level: High
  • # of students: 2,377
  • # of teachers: 88
4
GreatSchools Rating
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,398
Property Tax -$678
Property Insurance -$56
Property Management Fees -$115
CASH FLOW
-$896

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.

$649,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.36%

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

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$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $2,362

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3503$2,4954$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 136 W Wilken Way Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,187 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,187 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.98
    •  
  • 11935 Buckingham Circle Garden Grove, CA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1965
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.88
    •  
  • 2045 S June Place Anaheim, CA 3
    • 3 beds 3 baths ∙ 1,333 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,333 Sqft ∙ Built 1974
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.87
    •  
  • 4328 W Simmons Avenue Orange, CA 4
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1955
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.05
    •  
  • 11880 Egham Circle Garden Grove, CA 5
    • 3 beds 3 baths ∙ 1,320 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,320 Sqft ∙ Built 1965
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.16
    •  
PROPERTY LISTING DETAILS
Martha Robles
Keller Williams, The Lakes
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20227414
Last Updated: 10/28/2020
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