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2816 W Devoy Drive Anaheim, CA 92804

3 Beds 2 Baths 1,781 sqft Built 1955

$724,900

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $407.02
  • 3 Days on Market
  • MLS # : IG20260121
  • Updated Date : 12/18/2020 at 17:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,781 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Here it is! This beautifully remodeled 3 bed and 2 bath Anaheim pool home boasts a remodeled gourmet kitchen with commercial grade appliances, custom cabinets, center island, built in fridge, wine fridge and an oversized range and warming tray. Additionally both the master and guest bathrooms have been tastefully remodeled. There is a spacious den. The property has also received 12mm wood look laminate flooring, dual pane windows, a refaced fireplace, New sod and automatic sprinklers in the spacious backyard, and tons of canned lights throughout. There is ample parking space in the 2 car garage with a brand new door and the oversized driveway could potentially accommodate an RV. Located just within walking distance to the newly remodeled Dale jr. High school and just a 10 min drive to Disneyland and a 6 minute drive to Knotts berry farm. (both have really short lines right now) Needs nothing but it's new owner. Come and take a look today!

SEE MORE

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
Lord Baden-powell Elementary School Primary Regular 734 32 5
Lord Baden-powell Elementary School Middle Regular 734 32 5
Magnolia High School High Regular 1,813 73 3

Lord Baden-powell Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 32
5
GreatSchools Rating

Lord Baden-powell Elementary School

  • Education Level: Middle
  • # of students: 734
  • # of teachers: 32
5
GreatSchools Rating

Magnolia High School

  • Education Level: High
  • # of students: 1,813
  • # of teachers: 73
3
GreatSchools Rating
 

$652,410$797,390$724,900

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,675
Property Tax -$717
Property Insurance -$70
Property Management Fees -$154
CASH FLOW
-$476

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.

$724,900

PROJECTED PRICE

$3,140

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$25k

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$197,849

INVESTMENT

$197,849

Down Payment
$181,225
Rehab Estimate
$5,750
Closing Costs
$10,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,225
Loan Amount $543,675
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$23,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.76

    LIST RENT PER SQFT
  • $3,197

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,1404$3,2005$3,350
$3,350
RENT COMPS ANALYSIS
  • 2816 W Devoy Drive Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.76
    •  
  • 3082 W Glen Holly Drive Anaheim, CA 1
    • 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 1965
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.87
    •  
  • 3143 W Paso Robles Drive Anaheim, CA 2
    • 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 1956 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 1956
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.88
    •  
  • 2951 W Orange Avenue Anaheim, CA 4
    • 4 beds 3 baths ∙ 1,796 Sqft ∙ Built 1956 4 beds 3 baths ∙ 1,796 Sqft ∙ Built 1956
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.78
    •  
  • 2867 W Bridgeport Avenue Anaheim, CA 5
    • 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1955
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.65
    •  
PROPERTY LISTING DETAILS
Dustin Sweeter
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20260121
Last Updated: 12/18/2020
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