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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $359.15
- 2 Days on Market
- MLS # : CV21035900
- Updated Date : 02/20/2021 at 17:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,698 sqft
- Baths : 3 full
Listing Agent
Re/max Champions
Listing Agent's Description
Welcome to a very highly sought after neighborhood in Anaheim Hills. This beautiful four bedroom three bathroom home is within walking distance to the best schools, parks, restaurants, and grocery stores in the area. Conveniently located near the 91 freeway for easy commuter access. You'll find plenty of large windows throughout this home allowing for plenty of natural light. You'll be greeted by double entry doors leading you to the home that features high ceilings and an open floor plan. The kitchen has large windows that look out into the backyard and it features clean white cabinets complimented by granite counter tops and an island with a handy sink and faucet. This home has a very large living room with tranquil bay windows. You'll find a convenient full bedroom and bathroom downstairs and there is a step-down family room with a cozy fireplace and beveled glass doors that lead to the backyard. Upstairs you'll find a very spacious master suite with his and hers large walk in closets, a soaking tub, shower and double vanity. The additional bedrooms upstairs are large and with plenty of closet space. This home has a great deal of well designed storage throughout and a three car garage. The private backyard has two covered patios perfect for entertaining, an in ground spa and a storage shed. Don't miss out on this opportunity to make this one yours!
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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: Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,980 |
| EXPENSES | Loan Payment | -$3,366 |
| Property Tax | -$936 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$195 | |
|
CASH FLOW
-$609
|
||
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.
$969,000
PROJECTED PRICE
$3,980
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$262,535
LOAN DETAILS
$3,366
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $242,250 |
| Loan Amount | $726,750 |
2.42
YEARS SAVED
$18,176
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,980
LIST RENT -
$1.48
LIST RENT PER SQFT
-
$3,953
COMP ESTIMATED VALUE -
$1.47
COMP AVG. RENT PER SQFT
Comps Range
-
221 S Leandro Street Anaheim Hills, CA 5
- 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $3,980
- $1.48
-
5815 E Paseo Balboa Anaheim Hills, CA 1
- 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1974
LEASED 11/18/20- Rent
- Rent Per SQFT
- $3,600
- $1.53
-
6111 E Calle Pantano Anaheim Hills, CA 2
- 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1975
LEASED 08/31/20- Rent
- Rent Per SQFT
- $3,600
- $1.46
-
241 S Leandro Street S Anaheim Hills, CA 3
- 4 beds 2 baths ∙ 2,600 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,600 Sqft ∙ Built 1972
LEASED 04/30/20- Rent
- Rent Per SQFT
- $3,900
- $1.50
-
570 S Paseo Lucero Anaheim Hills, CA 4
- 3 beds 3 baths ∙ 2,892 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,892 Sqft ∙ Built 1976
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,975
- $1.37
PROPERTY LISTING DETAILS
Re/max Champions
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21035900
Last Updated: 02/20/2021
