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313 S Ethyl Place Anaheim, CA 92804

4 Beds 2 Baths 1,676 sqft Built 1955

$669,900

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $399.70
  • 8 Days on Market
  • MLS # : PW21010720
  • Updated Date : 01/19/2021 at 22:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,676 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Great Cul-De-Sac location in a wonderful neighborhood... RV dreams!! (20ft wide gate x 59ft depth plus hook-ups!!!) Entertainers will love the space of this big back yard with your own private pool multiple citrus trees, garden area and potting shed... This prime located home is waiting for your finishing touch. 4 bedroom floorplan (currently 3+den) and a large Unfinished enclosed patio (oversized extra bedrooms). Walk to schools, shopping, parks and transportation.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
Barton Elementary School Primary Regular 713 27 3
Barton Elementary School Middle Regular 713 27 3
Loara High School High Regular 2,377 88 4

Barton Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 27
3
GreatSchools Rating

Barton Elementary School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 27
3
GreatSchools Rating

Loara High School

  • Education Level: High
  • # of students: 2,377
  • # of teachers: 88
4
GreatSchools Rating
 

$602,910$736,890$669,900

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,327
Property Tax -$689
Property Insurance -$68
Property Management Fees -$152
CASH FLOW
-$136

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.

$669,900

PROJECTED PRICE

$3,100

PROJECTED RENT

0.46%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,274

INVESTMENT

$183,274

Down Payment
$167,475
Rehab Estimate
$5,750
Closing Costs
$10,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,327

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,475
Loan Amount $502,425
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$39,481

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $3,256

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9003$2,9984$3,1005$3,950
$3,950
RENT COMPS ANALYSIS
  • 313 S Ethyl Place Anaheim, CA 4
    • 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.85
    •  
  • 203 S Primrose Street Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1955
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.96
    •  
  • 725 S Hacienda Street Anaheim, CA 2
    • 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,579 Sqft ∙ Built 1964
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.84
    •  
  • 519 S Agate Street Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1960
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,998
    • $2.00
    •  
  • 512 S Anthony Street Anaheim, CA 5
    • 5 beds 4 baths ∙ 2,005 Sqft ∙ Built 1964 5 beds 4 baths ∙ 2,005 Sqft ∙ Built 1964
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.97
    •  
PROPERTY LISTING DETAILS
Hal Schlegel
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21010720
Last Updated: 01/19/2021
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