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1962 W Blue Violet Court Anaheim, CA 92801

3 Beds 3 Baths 1,636 sqft Built 1998

$625,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $382.03
  • 6 Days on Market
  • MLS # : IV21038770
  • Updated Date : 02/26/2021 at 22:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,636 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lien Basler Broker

Listing Agent's Description

Beautiful 3 bedroom, 2 1/2 bathroom DETACHED two-story, single family unit in Peppertree Walk gated community. Great floorplan: spacious living room with fireplace; bright and airy dining room; large kitchen with eating area, dark brown cabinets and tile countertops. Kitchen opens to rear patio. Direct access from dining room to oversized garage. Spacious master bedroom with two closets (one walk-in off master bathroom). Master bathroom has separate shower and bathtub and double sink countertop. Large second and third bedrooms; shared bathroom also has double sink countertop. Classy custom shutters on living room, dining room and all bedroom windows. Community has pool, spa, play area. VERY LOW HOA FEES. Short distance from Knott's Berry Farm, Disneyland, Angel's Stadium & Anaheim Convention Center. This home has it all!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15413345

* 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
Brookhurst Junior High School Middle Regular 1,193 45 3
Savanna High School High Regular 2,055 73 3
Brookhurst Junior High School Middle Unknown NA

Brookhurst Junior High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 45
3
GreatSchools Rating

Savanna High School

  • Education Level: High
  • # of students: 2,055
  • # of teachers: 73
3
GreatSchools Rating

Brookhurst Junior High School

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

$562,500$687,500$625,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,171
Property Tax -$628
Property Insurance -$67
HOA -$125
Property Management Fees -$134
CASH FLOW
-$385

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.

$625,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$15,337

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $2,753

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,740
1$2,7402$2,7503$2,8954$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 1962 W Blue Violet Court Anaheim, CA 1
    • 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.67
    •  
  • 2020 W Blue Violet Court Anaheim, CA 2
    • 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 1997
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.68
    •  
  • 178 S Linhaven Circle Anaheim, CA 3
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 1996
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.71
    •  
  • 2180 W W Cherrywood Anaheim, CA 4
    • 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 2000
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.68
    •  
  • 322 S Linhaven Circle Anaheim, CA 5
    • 4 beds 3 baths ∙ 1,805 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,805 Sqft ∙ Built 1997
    property image
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.66
    •  
PROPERTY LISTING DETAILS
Lien Basler
Lien Basler Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21038770
Last Updated: 02/26/2021
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