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202 N Aladdin Drive Anaheim, CA 92801

4 Beds 2 Baths 1,700 sqft Built 1953

$669,900

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $394.06
  • 5 Days on Market
  • MLS # : PW20239403
  • Updated Date : 11/21/2020 at 14:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

More PHOTOS coming for this highly Upgraded & Spacious home with FOUR Bedrooms, the fourth bedroom being a HUGE (and Private) MASTER bedroom and bath in the back of the home, this Fully Permitted addition back there includes a palatial Family Room w cozy Fireplace. The kitchen OPENS to the LIVING ROOM giving it that GREAT ROOM feel and also has a "pass through" to the family room that's great for entertaining. The naturally light, bright, and open floor-plan is what everyone wants. Crown Molding, recessed LED LIGHTING THROUGHOUT, custom designer paint throughout completes this perfect FAMILY home. It is located just close enough to the 5 and 91 Freeways, yet far enough away to be quiet, private, and well situated in the heart of Orange County. Newer AC, HVAC, Dual Pane Windows, high baseboards, ETC. ETC. ETC.(That's a lot of ETC!!!! This well cared for home is perfect for First Time Buyers', or the seasoned investor looking for a profitable rental property. "Live in the front, and rent out the back", would also work in this well designed home. Front and Back yard, and side yards, are all large w/ many fruit trees, (Dragon Fruit, Guava, Asian Pear, Vietnamese Water Apple, Asian Mango, Kumquat Fruit, TWO Lemon Trees, Sugar Cane, and a POMEGRANATE Tree, in addition to grassy play areas, BIG & WIDE driveway (room for FOUR cars) and two car garage, plus ample street parking make for an excellent (large family) residence.

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: 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
Gauer Elementary School Primary Regular 748 25 3
Brookhurst Junior High School Middle Regular 1,193 45 3
Savanna High School High Regular 2,055 73 3

Gauer Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 25
3
GreatSchools Rating

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
 

$602,910$736,890$669,900

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,472
Property Tax -$689
Property Insurance -$68
Property Management Fees -$147
CASH FLOW
-$376

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.

$669,900

PROJECTED PRICE

$3,000

PROJECTED RENT

0.45%

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$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$183,274

INVESTMENT

$183,274

Down Payment
$167,475
Rehab Estimate
$5,750
Closing Costs
$10,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,475
Loan Amount $502,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$26,022

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.76

    LIST RENT PER SQFT
  • $3,213

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,9003$2,9954$2,9985$3,000
$3,000
RENT COMPS ANALYSIS
  • 202 N Aladdin Drive Anaheim, CA 5
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.76
    •  
  • 206 S Topo Street Anaheim, CA 1
    • 3 beds 1 baths ∙ 1,505 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,505 Sqft ∙ Built 1955
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.73
    •  
  • 725 S Hacienda Street Anaheim, CA 2
    • 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.84
    •  
  • 228 S Mall Way Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1955
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.99
    •  
  • 519 S Agate Street Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1960
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,998
    • $2.00
    •  
PROPERTY LISTING DETAILS
Ron Arnold
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20239403
Last Updated: 11/21/2020
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