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2626 E Dutch Avenue Anaheim, CA 92806

3 Beds 2 Baths 1,796 sqft Built 1969

$748,500

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $416.76
  • 3 Days on Market
  • MLS # : PW21000025
  • Updated Date : 01/02/2021 at 09:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,796 sqft
  • Baths : 2 full
Listing Agent

First Services

Listing Agent's Description

Welcome to 2626 E.Dutch Ave. Contemporary fully remodeled custom built Anaheim Estate ready for new ownership. From Double door front entry into an elegant living room. Formal walkway will take you to a huge family room with soaring cathedral ceiling and focal point fireplace. A bright & spacious upgraded kitchen with its own dining area and perfectly scaled huge centered island ready for your own taste. Two full updated baths with walk in shower in master and double sinks in guest bath, all with granite countertop and tile flooring. Three good size bedrooms with large windows and generous space double door and walk in closets. Convenient interior laundry room with direct two car garage access. Other features include laminating wooden flooring , recessed lights , double pane windows and doors , crown molding , baseboard, recently painted interior , central Heating and AC, new water heater , large sunken kitchen sink plus plenty of cabinet space and with many more upgraded amenities. Professional landscaping front and back. Open patio for family gathering and plenty of grassy area for children to play. This is truly a beautiful, loving home on private Cu-de-sac location , in a warm and family friendly neighborhood with walking distance to schools, local markets and easy access to Freeways. A MUST SEE !!!

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: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
Sunkist Elementary School Primary Regular 892 31 3
Sunkist Elementary School Middle Regular 892 31 3
Katella High School High Regular 2,692 92 4

Sunkist Elementary School

  • Education Level: Primary
  • # of students: 892
  • # of teachers: 31
3
GreatSchools Rating

Sunkist Elementary School

  • Education Level: Middle
  • # of students: 892
  • # of teachers: 31
3
GreatSchools Rating

Katella High School

  • Education Level: High
  • # of students: 2,692
  • # of teachers: 92
4
GreatSchools Rating
 

$673,650$823,350$748,500

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,762
Property Tax -$770
Property Insurance -$70
Property Management Fees -$151
CASH FLOW
-$663

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.

$748,500

PROJECTED PRICE

$3,090

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$204,103

INVESTMENT

$204,103

Down Payment
$187,125
Rehab Estimate
$5,750
Closing Costs
$11,228

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,762

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,125
Loan Amount $561,375
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $3,116

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,8603$3,0904$3,3505$3,600
$3,600
RENT COMPS ANALYSIS
  • 2626 E Dutch Avenue Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.72
    •  
  • 2232 E North Redwood Drive Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1956
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.81
    •  
  • 1811 E Elm Street Anaheim, CA 2
    • 3 beds 3 baths ∙ 1,661 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,661 Sqft ∙ Built 1953
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.72
    •  
  • 2530 E Elsiena Way Anaheim, CA 4
    • 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
    •  
  • 2779 E Vermont Avenue Anaheim, CA 5
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1961
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.69
    •  
PROPERTY LISTING DETAILS
Wes Nguyen
First Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21000025
Last Updated: 01/02/2021
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