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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $351.39
- 5 Days on Market
- MLS # : OC20261600
- Updated Date : 12/23/2020 at 09:17
CONSTRUCTION
- Beds : 4
- Floor Size : 2,191 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Of California Inc
Listing Agent's Description
Beautiful & spacious family home located in a desirable neighborhood of Anaheim! This unique tri-level property features 4 bedrooms, 2.5 baths, and almost 2,200 sq ft of living space. The inviting curb appeal offers luscious green landscaping, a large driveway, and an entryway with beautiful pavers. The main entry foyer & living room boasts high ceilings, brand new laminate flooring, a grand brick fireplace, and plenty of natural light from the huge windows and slider patio door. The kitchen features traditional wood cabinets, classic appliances, a breakfast nook space, which leads to the formal dining room. Leading up the short flight of stairs takes you to the 4 bedrooms, with a hallway full bathroom with travertine detail. The master bedroom features double closets, a make-up vanity, and a fully remodeled master bathroom with brand new modern shower design, vanity, and toilet. The stairs leading downstairs from the main entry takes you to a storage room which is perfect for all your storage needs. The huge 984 sq ft basement next to it is a versatile room that can be used as a kids' playroom, a family room, or entertainment room. Adding to the great features to this home are Central AC/Heat, direct 2-car garage with brand new door & opener, spacious backyard with wood patio cover, brand new carpet, and brand new interior paint. Enjoy the good life in this turn-key property and make it your own home sweet home!
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: East Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,400 |
| EXPENSES | Loan Payment | -$2,841 |
| Property Tax | -$774 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$167 | |
|
CASH FLOW
-$462
|
||
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.
$769,900
PROJECTED PRICE
$3,400
PROJECTED RENT
0.44%
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
$209,774
LOAN DETAILS
$2,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $192,475 |
| Loan Amount | $577,425 |
3.5
YEARS SAVED
$27,622
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,400
LIST RENT -
$1.55
LIST RENT PER SQFT
-
$3,560
COMP ESTIMATED VALUE -
$1.63
COMP AVG. RENT PER SQFT
Comps Range
-
2246 E Romneya Drive Anaheim, CA 4
- 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 1958
![property image]()
- Rent
- Rent Per SQFT
- $3,400
- $1.55
-
200 N Ladera Vista Drive N Fullerton, CA 1
- 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1960
![property image]()
LEASED 09/01/19- Rent
- Rent Per SQFT
- $3,000
- $1.63
-
121 S Plantation Place Anaheim, CA 2
- 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969
![property image]()
LEASED 05/30/20- Rent
- Rent Per SQFT
- $3,200
- $1.46
-
2530 E Elsiena Way Anaheim, CA 3
- 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1974
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $3,350
- $1.72
-
2625 E Ward Anaheim, CA 5
- 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 1970
![property image]()
LEASED 03/10/20- Rent
- Rent Per SQFT
- $3,995
- $1.69
PROPERTY LISTING DETAILS
Exp Realty Of California Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20261600
Last Updated: 12/23/2020
