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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $419.89
- 6 Days on Market
- MLS # : OC20244350
- Updated Date : 11/25/2020 at 12:33
CONSTRUCTION
- Beds : 5
- Floor Size : 1,760 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
HURRY!! STOP THE CAR!!! Total Remodel! Anaheim Single story home with NEW flooring, doors, windows, cabinets, roof, appliances and even APEX piping!!! This Anaheim home has been renovated from top to bottom taking turnkey to an entire new level. As you approach the home, you are welcomed with a spacious and green lush front yard and captivating curb appeal. The home is able to be enjoyed as a 4 bedroom + 2 bath with a separate guest suite with private entrance and full additional bed & bath! Perfect for renting out this unit or having extended family that prefer a little independence. This dream home is light and bright, offering 4 bedrooms and 2 baths. Completely transformed, this open floorpan is perfect for entertaining. The kitchen features gorgeous white cabinetry, updated stainless-steel appliances, and an oversized-island/ breakfast bar. The kitchen is just one of the many updates completed providing an elegant and contemporary interior, The bathrooms are also completely remodeled with upgraded cabinets, counter tops and the most elegant finishes! The bedrooms have new flooring, windows, closet doors and fresh paint to provide a clean and upscale feel. This home is perfectly located in the heart of Anaheim surrounded by wonderful homes, wide tree lined streets and and a great sense of community! Conveniently located, this home is right between the 5 and 91 freeways, close to the Block Shopping Center, Disneyland, Knott's Berry Farm, and the Honda Event Center. No HOA!
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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 | $2,900 |
| EXPENSES | Loan Payment | -$2,727 |
| Property Tax | -$760 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$798
|
||
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.
$739,000
PROJECTED PRICE
$2,900
PROJECTED RENT
0.39%
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
$201,585
LOAN DETAILS
$2,727
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $184,750 |
| Loan Amount | $554,250 |
1.33
YEARS SAVED
$6,040
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,900
LIST RENT -
$1.65
LIST RENT PER SQFT
-
$3,172
COMP ESTIMATED VALUE -
$1.8
COMP AVG. RENT PER SQFT
Comps Range
-
1789 W Crone Avenue Anaheim, CA 2
- 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1958
![property image]()
- Rent
- Rent Per SQFT
- $2,900
- $1.65
-
725 S Hacienda Street Anaheim, CA 1
- 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964
![property image]()
LEASED 07/04/20- Rent
- Rent Per SQFT
- $2,900
- $1.84
-
1508 W Tedmar Avenue Anaheim, CA 3
- 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1977
![property image]()
LEASED 10/08/19- Rent
- Rent Per SQFT
- $2,995
- $1.72
-
9871 Harriet Lane Anaheim, CA 4
- 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1954
![property image]()
LEASED 12/24/19- Rent
- Rent Per SQFT
- $3,100
- $1.87
-
1580 W Chanticleer Road Anaheim, CA 5
- 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 1956 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 1956
![property image]()
LEASED 06/29/20- Rent
- Rent Per SQFT
- $3,400
- $1.78
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20244350
Last Updated: 11/25/2020
