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304 S Vicki Lane Anaheim, CA 92804

5 Beds 3 Baths 2,605 sqft Built 1969

$799,900

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $307.06
  • 5 Days on Market
  • MLS # : CV21040855
  • Updated Date : 03/12/2021 at 17:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,605 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Comfortable family home located in the heart of Anaheim, close to shopping, Maxwell Park, Knotts Berry Farm, and fun local eateries. The home, located on a quiet cul-de-sac, is 2,506 sqft. Come see this double door entry home with formal living room and large family room with cozy gas fireplace. There is a wet bar in the family room and a half bath downstairs. Enjoy the quiet upgraded dual pane windows throughout and warm engineered hardwood floors. There are 5 large bedrooms with ceiling fans in each room, 2 full baths upstairs and the home has direct access to the 2 car garage. Canned lighting with dimmers downstairs and the air conditioning unit is upgraded. Laundry room is setup for gas drying. Formal dining room is off the kitchen and kitchen has eat in nook, double sink, and dishwasher. Front yard has twin olive trees for that summer shade and the backyard has 2 fruit trees, one lemon and one orange where you could relax in the 7-person spa with wood gazebo. Roof is 2 years old.

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: 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
Dale Junior High School Middle Regular 1,180 48 3
Magnolia High School High Regular 1,813 73 3

Dale Junior High School

  • Education Level: Middle
  • # of students: 1,180
  • # of teachers: 48
3
GreatSchools Rating

Magnolia High School

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

$719,910$879,890$799,900

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$2,778
Property Tax -$791
Property Insurance -$90
Property Management Fees -$176
CASH FLOW
-$245

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.

$799,900

PROJECTED PRICE

$3,590

PROJECTED RENT

0.45%

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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$39,720

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,590

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $3,690

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,4003$3,5904$3,700
$3,700
RENT COMPS ANALYSIS
  • 304 S Vicki Lane Anaheim, CA 3
    • 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 1969 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.38
    •  
  • 3431 W Brady Avenue Anaheim, CA 1
    • 5 beds 3 baths ∙ 2,367 Sqft ∙ Built 1954 5 beds 3 baths ∙ 2,367 Sqft ∙ Built 1954
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.42
    •  
  • 8171 Dracaena Drive Buena Park, CA 2
    • 5 beds 3 baths ∙ 2,448 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,448 Sqft ∙ Built 1985
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.39
    •  
  • 581 S Greenwich Street Anaheim, CA 4
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 1977
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.44
    •  
PROPERTY LISTING DETAILS
Joe Fusco
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21040855
Last Updated: 03/12/2021
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