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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $536.21
- 4 Days on Market
- MLS # : OC20198605
- Updated Date : 11/21/2020 at 05:14
CONSTRUCTION
- Beds : 4
- Floor Size : 1,229 sqft
- Baths : 2 full
Listing Agent
Seven Gables Real Estate
Listing Agent's Description
Dare to compare to any others! This beautiful four bedroom home on a quiet tree lined street is the perfect family home. Traditional architectural details of a covered front porch, box windows and wood siding create an inviting street presence. Separate entry foyer is the perfect place to greet family and guests and makes a nice transition between living areas, kitchen and bedrooms. Flexible floor plan accommodates any lifestyle with open living/dining areas that have huge slider to covered porch and rear yard. Completely remodeled kitchen is a WOW with loads of white shaker cabinetry, quartz counters, stainless appliances and EZ care lux vinyl flooring...and every cook loves a window at the sink! All bedrooms are large, with big wardrobe closets and have space for sleep, study and play. Both bathrooms have been remodeled and sparkle. Covered rear porch extends the living space and includes laundry area. Many upgrades include dual pane windows, newer furnace and water heater, new hardware and fixtures and fresh neutral decor throughout. Oversize two car garage has long driveway that can accommodate several cars. Rear yard is a private oasis with large covered patio for entertaining, mature landscape including fruit trees and big grassy yard...perfect for kids and pets! Excellent neighborhood is just minutes from Disneyland parks and Downtown Disney, yet feels tucked away with no through traffic. You'll love coming home here at the end of a long day....every day!
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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: 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 | $2,670 |
| EXPENSES | Loan Payment | -$2,431 |
| Property Tax | -$678 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$131 | |
|
CASH FLOW
-$627
|
||
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.
$659,000
PROJECTED PRICE
$2,670
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
$180,385
LOAN DETAILS
$2,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $164,750 |
| Loan Amount | $494,250 |
1.67
YEARS SAVED
$8,802
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$2.17
LIST RENT PER SQFT
-
$2,731
COMP ESTIMATED VALUE -
$2.22
COMP AVG. RENT PER SQFT
Comps Range
-
1417 W Castle Avenue Anaheim, CA 3
- 4 beds 2 baths ∙ 1,229 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,229 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $2,670
- $2.17
-
1310 W Laster Avenue Anaheim, CA 1
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1954
LEASED 01/31/20- Rent
- Rent Per SQFT
- $2,495
- $2.08
-
1743 W Niobe Avenue Anaheim, CA 2
- 4 beds 2 baths ∙ 1,240 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,240 Sqft ∙ Built 1958
LEASED 02/23/20- Rent
- Rent Per SQFT
- $2,500
- $2.02
-
1620 W Alomar Avenue Anaheim, CA 4
- 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1955
LEASED 09/11/20- Rent
- Rent Per SQFT
- $2,850
- $2.33
-
1144 W Chateau Avenue Anaheim, CA 5
- 4 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,220 Sqft ∙ Built 1955
LEASED 01/03/20- Rent
- Rent Per SQFT
- $3,000
- $2.46
PROPERTY LISTING DETAILS
Seven Gables Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20198605
Last Updated: 11/21/2020
