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2140 S Nautical Street Anaheim, CA 92802

4 Beds 2 Baths 1,850 sqft Built 1963

$799,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $431.89
  • 28 Days on Market
  • MLS # : PW20236428
  • Updated Date : 12/02/2020 at 20:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,850 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Picture Perfect! Beautiful single story home in the city of Anaheim: features 4 bedroom, 2 bathroom with recess lighting and new porcelain polished tile floors. Upon entering though the new welcoming double front doors, you will be taken with the new open concept kitchen with quartz counter tops, glass tiled backsplash, stainless steel appliances (double oven, dishwasher), stainless farmhouse sink and oversized center island which flows easily into the open dinning and family area. As you enter the hallway you have 3 spacious bedroom and a hallway bathroom. Beautiful bathroom with large tiles on walls, glass shower doors and modern floating vanity with LED mirror. Great size backyard with a pool. Covered patio for great summer times and family gatherings. Clay tile roof with attached 2 car garage and spacious driveway. Property is centrally located to great Souther California areas. Close to Disneyland, The Block of Orange, Church, Schools, Parks, restaurants and freeways.

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

Zip Code: 92802

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Zip Code: 92802

ZipNIR 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
Ponderosa Elementary School Primary Regular 1,074 36 1
South Junior High School Middle Regular 1,558 67 2
Katella High School High Regular 2,692 92 4

Ponderosa Elementary School

  • Education Level: Primary
  • # of students: 1,074
  • # of teachers: 36
1
GreatSchools Rating

South Junior High School

  • Education Level: Middle
  • # of students: 1,558
  • # of teachers: 67
2
GreatSchools Rating

Katella High School

  • Education Level: High
  • # of students: 2,692
  • # of teachers: 92
4
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,948
Property Tax -$833
Property Insurance -$72
Property Management Fees -$142
CASH FLOW
-$1,104

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.

$799,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $3,002

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,8904$3,3005$3,900
$3,900
RENT COMPS ANALYSIS
  • 2140 S Nautical Street Anaheim, CA 3
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.56
    •  
  • 13461 Heather Circle Garden Grove, CA 1
    • 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 1964
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.42
    •  
  • 11842 Kathy Lane Garden Grove, CA 2
    • 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1953
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.60
    •  
  • 127 W Cliffwood Avenue Anaheim, CA 4
    • 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 1958 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 1958
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.61
    •  
  • 11972 Ricky Avenue Garden Grove, CA 5
    • 5 beds 3 baths ∙ 2,095 Sqft ∙ Built 1955 5 beds 3 baths ∙ 2,095 Sqft ∙ Built 1955
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.86
    •  
PROPERTY LISTING DETAILS
Jasmin Bahena
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20236428
Last Updated: 12/02/2020
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