Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

202 Hilltop Lane Brea, CA 92821

4 Beds 2 Baths 1,628 sqft Built 1976

$750,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $460.69
  • 5 Days on Market
  • MLS # : PW20195595
  • Updated Date : 11/07/2020 at 10:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,628 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Diamond

Listing Agent's Description

Enjoy turnkey comfort at 202 Hilltop Lane! Brea living at its finest, award winning Brea Olinda school district, small community feel, walking distance to Birch Hills Golf Course and new "The Tracks" trail. 5 minute drive to Downtown Brea or Village at La Floresta, also several great parks minutes away. Boasting 4 bedrooms and 2 baths, new garage rollup door, new perimeter fence, new kitchen appliances, new paint and flooring throughout, this home will take your breath away!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Country Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Country Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18723818

* 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
Brea Country Hills Elementary School Primary Regular 642 22 8
Brea Country Hills Elementary School Middle Regular 642 22 8
Brea-olinda High School High Regular 1,895 68 9

Brea Country Hills Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 22
8
GreatSchools Rating

Brea Country Hills Elementary School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 22
8
GreatSchools Rating

Brea-olinda High School

  • Education Level: High
  • # of students: 1,895
  • # of teachers: 68
9
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,767
Property Tax -$753
Property Insurance -$66
HOA -$58
Property Management Fees -$149
CASH FLOW
-$753

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.

$750,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.4%
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-$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

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 65% 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 $562,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.87

    LIST RENT PER SQFT
  • $3,012

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,9003$2,9504$3,0005$3,040
$3,040
RENT COMPS ANALYSIS
  • 202 Hilltop Lane Brea, CA 5
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.87
    •  
  • 2342 Raintree Drive Brea, CA 1
    • 3 beds 1 baths ∙ 1,502 Sqft ∙ Built 1977 3 beds 1 baths ∙ 1,502 Sqft ∙ Built 1977
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.76
    •  
  • 251 Longbranch Circle Brea, CA 2
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1976
    property image
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.86
    •  
  • 2126 Deer Springs Lane Brea, CA 3
    • 3 beds 3 baths ∙ 1,533 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,533 Sqft ∙ Built 1985
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.92
    •  
  • 215 Camphor Circle Brea, CA 4
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1971
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.86
    •  
PROPERTY LISTING DETAILS
Sean Faxon
Coldwell Banker Diamond
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20195595
Last Updated: 11/07/2020
BESbswy