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18622 Minuet Lane Anaheim, CA 92807

4 Beds 2 Baths 1,736 sqft Built 1964

$749,999

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $432.03
  • 4 Days on Market
  • MLS # : IG20230248
  • Updated Date : 11/01/2020 at 14:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,736 sqft
  • Baths : 2 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Gorgeous Remodeled and Upgraded single story home located in the award-winning Placentia-Yorba-Linda School District! Home is walking distance to the renowned Esperanza High School. This beautiful home is situated on a quiet tree lined street. When you enter the home you will experience an inviting open floor plan. Large living room with a warm and cozy fireplace is light and bright with plenty of windows that have plantation shutters. Continue inside to the open gourmet kitchen that features newer cabinets, granite countertops, and stainless steel appliances. The kitchen has a breakfast bar and opens to a large dining/family room area. There are two large upgraded bathrooms with plenty of cabinet space. The home offers 4 good size bedrooms with large closet space. The Master suite has a sliding door leading to the beautiful covered patio. It has his and hers closets, large vanity, and a separate upgraded shower. New laminate flooring, newer windows, newer roof, new water heater, and new ducting are also featured in this home. The large lot offers RV parking and an amazing backyard with built in BBQ Island, large covered patio, swing set for the kids, shed for storage and plenty of room to add a pool if desired! This beauty shows pride of ownership throughout! The location of this home is all within a short distance to great schools, great shopping, great restaurants, great parks, and freeway close! Come make this your new home!

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

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
Glenview Elementary School Primary Regular 364 13 5
Bernardo Yorba Middle School Middle Regular 643 25 9
Esperanza High School High Regular 1,858 72 8

Glenview Elementary School

  • Education Level: Primary
  • # of students: 364
  • # of teachers: 13
5
GreatSchools Rating

Bernardo Yorba Middle School

  • Education Level: Middle
  • # of students: 643
  • # of teachers: 25
9
GreatSchools Rating

Esperanza High School

  • Education Level: High
  • # of students: 1,858
  • # of teachers: 72
8
GreatSchools Rating
 

$674,999$824,999$749,999

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$2,767
Property Tax -$751
Property Insurance -$69
Property Management Fees -$165
CASH FLOW
-$382

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.

$749,999

PROJECTED PRICE

$3,370

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,499
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$25,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $3,342

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,1003$3,2004$3,2005$3,370
$3,370
RENT COMPS ANALYSIS
  • 18622 Minuet Lane Anaheim, CA 5
    • 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $1.94
    •  
  • 6018 Oak Meadow Drive Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1971
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.07
    •  
  • 5902 Lynnbrook Yorba Linda, CA 2
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1971
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.86
    •  
  • 5941 Brookmont Drive Yorba Linda, CA 3
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1971
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.77
    •  
  • 4817 E Wasatch Drive Anaheim Hills, CA 4
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1965
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.00
    •  
PROPERTY LISTING DETAILS
Deborah Meyer
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20230248
Last Updated: 11/01/2020
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