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1925 S Kathy Lane Anaheim, CA 92802

3 Beds 2 Baths 1,583 sqft Built 1957

$725,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $457.99
  • 3 Days on Market
  • MLS # : PW21054807
  • Updated Date : 03/19/2021 at 15:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,583 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Welcome home to 1925 S Kathy Ln, a beautiful single story home in the desirable area of Anaheim. This quintessential home features 3 bedrooms and 2 unique bathrooms, with spacious floorplan, new carpet, fresh paint, all flooded with natural light and with serene views of the sparking pool. The layout of this home lends to comfortable living, as the living room with fireplace flows into the dining area, directly off of the kitchen. Other amenities include central heating and a/c, spacious secondary bedrooms and a 2 car garage attached. The lush landscaping makes for comfortable outdoor living, complemented by a sprawling backyard for entertaining company, or simply enjoying alone. There is good reason the neighborhood is still occupied by many original owners, it is the peace and serenity found within; an oasis of tranquility amidst the hustle bustle of the busy Central OC location and lifestyle. This home is conveniently located a mile from Disneyland and near Knotts Berry Farm, as well as close to the Packing District, shopping, entertainment, dining, library, and schools. Do not miss out on a single story so beautiful and special as this. This home also may even qualify for down payment assistance, don't miss out. Come see today!

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: Garden Grove

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: Garden Grove

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
Ball Junior High School Middle Regular 1,043 40 2
Loara High School High Regular 2,377 88 4
Ball Junior High School Middle Unknown NA

Ball Junior High School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 40
2
GreatSchools Rating

Loara High School

  • Education Level: High
  • # of students: 2,377
  • # of teachers: 88
4
GreatSchools Rating

Ball Junior High School

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

$652,500$797,500$725,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$2,518
Property Tax -$756
Property Insurance -$65
Property Management Fees -$168
CASH FLOW
-$78

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.

$725,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.4%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$49,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $2.17

    LIST RENT PER SQFT
  • $3,443

    COMP ESTIMATED VALUE
  • $2.18

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,4304$3,5005$3,900
$3,900
RENT COMPS ANALYSIS
  • 1925 S Kathy Lane Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $2.17
    •  
  • 11592 Jacalene Lane Garden Grove, CA 1
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1954
    property image
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.08
    •  
  • 1359 S Walnut Street Anaheim, CA 2
    • 4 beds 3 baths ∙ 1,466 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,466 Sqft ∙ Built 1977
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.05
    •  
  • 1182 W Wakefield Avenue Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1957
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.31
    •  
  • 1319 W Stella Avenue Anaheim, CA 5
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1959
    property image
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $2.26
    •  
PROPERTY LISTING DETAILS
Lars Nordstrom
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21054807
Last Updated: 03/19/2021
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