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1415 E Gary Place Anaheim, CA 92805

5 Beds 2 Baths 2,200 sqft Built 1955

$799,900

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $363.59
  • 3 Days on Market
  • MLS # : OC21058071
  • Updated Date : 03/20/2021 at 14:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,200 sqft
  • Baths : 1 full , 1 half
Listing Agent

Brandon S. Dickens

Listing Agent's Description

Great home, easy to show. Recently repainted interior, roof was replaced in 2010. Amazing cul-de-sac location with plenty of paved parking on driveway and side of house. Beautiful hardwood floors throughout. Property features a formal sitting room and large family room with a hidden door! Home also features vinyl windows. The backyard is enormous and has lots of space for a pool, playground equipment, and more. Buyers will have a hard time finding a house with such a large yard and 5 bedrooms in this price range. Buyer to verify all information including sq ft.

SEE MORE

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
South Junior High School Middle Regular 1,558 67 2
Katella High School High Regular 2,692 92 4
South Junior High School Middle Unknown NA

South Junior High School

  • Education Level: Middle
  • # of students: 1,558
  • # of teachers: 67
2
GreatSchools Rating

Katella High School

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

South Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$719,910$879,890$799,900

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$2,778
Property Tax -$822
Property Insurance -$80
Property Management Fees -$166
CASH FLOW
-$467

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.

$799,900

PROJECTED PRICE

$3,380

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$500k$1.0M$1.5M$2.0M$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$22,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $3,751

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,3803$3,600
$3,600
RENT COMPS ANALYSIS
  • 1415 E Gary Place Anaheim, CA 2
    • 5 beds 2 baths ∙ 2,200 Sqft ∙ Built 1955 5 beds 2 baths ∙ 2,200 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $1.54
    •  
  • 2530 E Elsiena Way Anaheim, CA 1
    • 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1974
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.72
    •  
  • 2779 E Vermont Avenue Anaheim, CA 3
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1961
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.69
    •  
PROPERTY LISTING DETAILS
Kristine Partridge
Brandon S. Dickens
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21058071
Last Updated: 03/20/2021
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