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180 N Avenida Malaga Anaheim, CA 92808

3 Beds 2 Baths 1,485 sqft Built 1975

INVESTimate

$729,999

List Price

$2,790

$2,540 - $3,040

Rent Est.

$769,419  ( +5.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $491.58
  • 7 Days on Market
  • MLS # : OC20170510
  • Updated Date : 08/24/2020 at 14:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,485 sqft
  • Baths : 2 full
Listing Agent

Advance Estate Realty

Listing Agent's Description

FABULOUS HOME.Location, location, location! This gorgeous 3 bedroom 2 bath home As you enter, a bright living room with vaulted ceiling. Features Over 1485 Square Feet with a Wonderful Open Floorplan. Red Tile roof. The attached two car garage includes a full-size driveway for extra parking! This beauty is centrally located near schools, restaurants, parks, major shopping centers and the with easy freeway access to the 91 and 55 freeways. Hurry this one wont last.

SEE MORE

MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15963818

* 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
Crescent Elementary School Primary Regular 770 26 9
Crescent Elementary School Middle Regular 770 26 9
Canyon High School High Regular 2,338 86 9

Crescent Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 26
9
GreatSchools Rating

Crescent Elementary School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 26
9
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,338
  • # of teachers: 86
9
GreatSchools Rating
 

$656,999$802,999$729,999

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,693
Property Tax -$705
Property Insurance -$63
Property Management Fees -$137
CASH FLOW
-$808

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$729,999

PROJECTED PRICE

$2,790

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.40%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,200

INVESTMENT

$199,200

Down Payment
$182,500
Rehab Estimate
$5,750
Closing Costs
$10,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,500
Loan Amount $547,499
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$2,752

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $2,959

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7803$2,7904$3,1005$3,150
$3,150
RENT COMPS ANALYSIS
  • 180 N Avenida Malaga Anaheim, 3
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.88
    •  
  • 6033 E Morningview Drive Anaheim Hills, 1
    • 3 beds 1 baths ∙ 1,392 Sqft ∙ Built 1984 3 beds 1 baths ∙ 1,392 Sqft ∙ Built 1984
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.94
    •  
  • 5823 E Camino Pinzon Anaheim Hills, 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.99
    •  
  • 6020 E La Paz Circle Anaheim Hills, 4
    • 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1973
    property image
    LEASED 06/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.95
    •  
  • 6060 E Camino Correr Anaheim Hills, 5
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1975
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.09
    •  
PROPERTY LISTING DETAILS
Bac Vu
Advance Estate Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20170510
Last Updated: 08/24/2020
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