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2918 E Asbury Place Anaheim, CA 92806

5 Beds 3 Baths 2,563 sqft Built 1963

$795,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $310.18
  • 3 Days on Market
  • MLS # : OC20239115
  • Updated Date : 11/14/2020 at 17:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,563 sqft
  • Baths : 3 full
Listing Agent

Tuscany Estate Properties

Listing Agent's Description

Large family POOL HOME located in East Anaheim with 5 bedrooms 3 baths, & finished attic, (can be used as play room.) This home needs some TLC so bring your buyers/investors with vision! Great family neighborhood close to Rio Vista Park, Schools, Shopping, Restaurants & fwys, Disneyland, Honda Center, & Angel stadium are close by. This family home has great curb appeal with lots of room for those that love to Entertain. Large rear yard with beautiful Pool, Spa & firepit. Nicely landscaped with spacious side yards & a two car attached garage with extra parking in the driveway. Come enjoy all Anaheim has to offer and make this house your new home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Rio Vista Elementary School Primary Regular 915 31 5
Valadez Middle School Academy Middle Regular 694 29 4
Valencia High School High Magnet 2,740 100 9

Rio Vista Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 31
5
GreatSchools Rating

Valadez Middle School Academy

  • Education Level: Middle
  • # of students: 694
  • # of teachers: 29
4
GreatSchools Rating

Valencia High School

  • Education Level: High
  • # of students: 2,740
  • # of teachers: 100
9
GreatSchools Rating
 

$715,500$874,500$795,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$2,933
Property Tax -$800
Property Insurance -$89
Property Management Fees -$163
CASH FLOW
-$664

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.

$795,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.42%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$15,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $3,620

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,3003$3,3204$3,5005$3,990
$3,990
RENT COMPS ANALYSIS
  • 2918 E Asbury Place Anaheim, CA 3
    • 5 beds 3 baths ∙ 2,563 Sqft ∙ Built 1963 5 beds 3 baths ∙ 2,563 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $1.30
    •  
  • 2553 E Bethel Drive Anaheim, CA 1
    • 5 beds 3 baths ∙ 2,262 Sqft ∙ Built 1968 5 beds 3 baths ∙ 2,262 Sqft ∙ Built 1968
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.37
    •  
  • 184 S Alice Way Anaheim, CA 2
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1969
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.40
    •  
  • 135 S Jeanine Way Anaheim, CA 4
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1969
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
  • 2903 E Collyer Lane Anaheim, CA 5
    • 5 beds 3 baths ∙ 2,563 Sqft ∙ Built 1963 5 beds 3 baths ∙ 2,563 Sqft ∙ Built 1963
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.56
    •  
PROPERTY LISTING DETAILS
Kim Milewski
Tuscany Estate Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20239115
Last Updated: 11/14/2020
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