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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92802
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$217,485
LOAN DETAILS
$2,948
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $199,750 |
| Loan Amount | $599,250 |
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
-
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
First Team Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20236428
Last Updated: 12/02/2020
