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2350 W Hansen Street Anaheim, CA 92801

5 Beds 3 Baths 2,406 sqft Built 2003

$849,888

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $353.24
  • 3 Days on Market
  • MLS # : IV20246874
  • Updated Date : 11/27/2020 at 13:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,406 sqft
  • Baths : 3 full
Listing Agent

Realty Source Inc

Listing Agent's Description

A spacious 5 bedroom, 3 bathroom home in Founders Square is available for sale! Founders Square is one of Anaheim’s newest, best-maintained and sought-after communities. The location is ideal, with easy access to the I-5 and 91 freeways. Both are within a mile. Unfurnished, this house is in great condition and offers high ceilings and a kitchen with granite countertops and stainless steel appliances. The washer/dryer unit is located conveniently upstairs. The house has a 2-car garage and comes with a permit for street parking. The home is at the end of a quiet street inside Founders Square and down the street from the neighborhood’s tot lot. This home exudes warmth, elegance, brightness, nestled among similar gorgeous homes in the private Founders Square community, newer Mediterranean style architecture, 3 1/2" moldings, combination big ceramic tile floors & new Macadamia laminated flooring, formal living & dining room, breakfast bar, maple cabinets, spacious bath, dressing are & large walk-in closet, big bedrooms, laundry room w/ ample cabinets, exquisite red tile roof, steel sectional garage door, recessed lighting, rounded corners, and good size yard.

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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

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
Gauer Elementary School Primary Regular 748 25 3
Brookhurst Junior High School Middle Regular 1,193 45 3
Savanna High School High Regular 2,055 73 3

Gauer Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 25
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
 

$764,899$934,877$849,888

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$3,136
Property Tax -$834
Property Insurance -$85
HOA -$84
Property Management Fees -$161
CASH FLOW
-$1,020

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.

$849,888

PROJECTED PRICE

$3,280

PROJECTED RENT

0.39%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,970

INVESTMENT

$230,970

Down Payment
$212,472
Rehab Estimate
$5,750
Closing Costs
$12,748

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,472
Loan Amount $637,416
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,888

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $3,429

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$3,280
1$3,2802$3,4003$3,495
$3,495
RENT COMPS ANALYSIS
  • 2350 W Hansen Street Anaheim, CA 1
    • 5 beds 3 baths ∙ 2,406 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,406 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.36
    •  
  • 2775 W Madison Circle Anaheim, CA 2
    • 4 beds 4 baths ∙ 2,503 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,503 Sqft ∙ Built 2006
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.36
    •  
  • 2724 W Madison Circle Anaheim, CA 3
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2006
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.49
    •  
PROPERTY LISTING DETAILS
Lily Fong
Realty Source Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20246874
Last Updated: 11/27/2020
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