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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$188,335
LOAN DETAILS
$2,542
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $172,250 |
| Loan Amount | $516,750 |
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
-
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
Bhhs Ca Properties
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20264512
Last Updated: 12/31/2020
