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226 S Emerald Street Anaheim, CA 92804

4 Beds 3 Baths 1,389 sqft Built 1955

$689,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $496.04
  • 4 Days on Market
  • MLS # : PW20264512
  • Updated Date : 12/31/2020 at 12:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,389 sqft
  • Baths : 3 full
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

Immaculate, upgraded single level home located in a desirable area in the city of Anaheim. It is absolutely gorgeous and move-in condition with a lot of upgrading. It features 4 bedrooms /3 baths. 2 of the bedrooms each with own bathrooms. Living room with fireplace is open to the kitchen and dining area. Newly remodeled Kitchen with brand new cabinets, Granite Counter tops and appliances. Front master bedroom and 2nd back bedroom have access to renovated bathrooms with custom walk-in shower. 3rd upgraded hallway bathroom has a bathtub. Laminated wood flooring in all of the rooms. Recessed lighting in the living room & bedroom. Large driveway for possible extra cars, R.V. or Boat parking. Brand new exterior & interior paint. Brand new water Heater and Heater. ( Property originally was 3 bedrooms & 2 baths. Dining room converted to a bedroom and laundry room converted to the 3rd bathroom). Near schools Parks, shopping & dinning. Easy access Freeways. Close to Disney land and Knot Berry Farm.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Loara Elementary School Primary Regular 553 22 3
Brookhurst Junior High School Middle Regular 1,193 45 3
Savanna High School High Regular 2,055 73 3

Loara Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 22
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
 

$620,100$757,900$689,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,542
Property Tax -$709
Property Insurance -$61
Property Management Fees -$144
CASH FLOW
-$516

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.

$689,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.43%

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

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$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$17,047

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $2,893

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,9404$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 226 S Emerald Street Anaheim, CA 3
    • 4 beds 3 baths ∙ 1,389 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,389 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $2.12
    •  
  • 1954 W W Glenoaks Ave Anaheim, CA 1
    • 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1964
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.99
    •  
  • 1743 W Niobe Avenue Anaheim, CA 2
    • 4 beds 2 baths ∙ 1,240 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,240 Sqft ∙ Built 1958
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.02
    •  
  • 508 S Fann Street Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1956
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.14
    •  
  • 644 S Broadview Street Anaheim, CA 5
    • 4 beds 2 baths ∙ 1,378 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,378 Sqft ∙ Built 1956
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.18
    •  
PROPERTY LISTING DETAILS
Shahin Rafi
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20264512
Last Updated: 12/31/2020
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