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314 S Illinois Street 
Anaheim, CA
92805
4 Beds 3 Baths 2,031 sqft
Built 1940
INVESTimate
$750,000
List Price
$204,500
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PROPERTY INFO
FACTS
- Built In 1940
- Price/Sqft : $369.28
- 3 Days on Market
- MLS # : IV20173436
- Updated Date : 08/24/2020 at 11:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,031 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Assoc Brkr/cl
Listing Agent's Description
L O C A T I O N , LOCATION, location. . . . WELCOME TO THIS GREAT HOME IN THE HEART OF ANAHEIM ! ! ! CENTRALLY LOCATED FROM SCHOOLS, PARKS, LIBRARY , SHOPPING CENTERS, JUST A FEW MILES AWAY FROM ANGELS' STADIUM, DISNEYLAND, ANAHEIM CONVENTION CENTER AND MORE. 4 BEDROOMS, 2.5 BATHROOMS, 2 CAR GARAGE , " RV PARKING" , LARGE LIVING ROOM, FORMAL DINNING ROOM, LARGE KITCHEN WITH GRANITE COUNTER, EXTRA LARGE BACK YARD. YOU CAN NOT MISS THIS ONE. TAKE A LOOK TO THIS ADORABLE HOME TODAY AND MAKE IT YOURS.
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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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
- As part of Southern California area, Orange County market inherits all the benefits from the area.
- 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)
PRICE & RENT TRENDS
Neighborhood: The Colony
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Colony
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,290 |
| EXPENSES | Loan Payment | -$2,767 |
| Property Tax | -$785 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$161 | |
|
CASH FLOW
-$499
|
||
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.
$750,000
PROJECTED PRICE
$3,290
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.42% |
| Appreciation Year (1-5) | 7.18% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.35% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,500
LOAN DETAILS
$2,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
3.25
YEARS SAVED
$23,156
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,290
LIST RENT -
$1.62
LIST RENT PER SQFT
-
$3,600
COMP ESTIMATED VALUE -
$1.77
COMP AVG. RENT PER SQFT
Comps Range
-
314 S Illinois Street Anaheim, 4
- 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 1940 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 1940
![property image]()
- Rent
- Rent Per SQFT
- $3,290
- $1.62
-
808 W Ken Way Anaheim, 1
- 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1948
![property image]()
LEASED 02/22/20- Rent
- Rent Per SQFT
- $2,944
- $1.53
-
327 N Janss Street Anaheim, 2
- 3 beds 1 baths ∙ 1,690 Sqft ∙ Built 1938 3 beds 1 baths ∙ 1,690 Sqft ∙ Built 1938
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $3,125
- $1.85
-
700 S Janss Street Anaheim, 3
- 4 beds 3 baths ∙ 1,757 Sqft ∙ Built 1950 4 beds 3 baths ∙ 1,757 Sqft ∙ Built 1950
![property image]()
LEASED 12/12/19- Rent
- Rent Per SQFT
- $3,195
- $1.82
-
1158 W Locust Avenue Anaheim, 5
- 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1954 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1954
![property image]()
LEASED 09/20/19- Rent
- Rent Per SQFT
- $3,650
- $1.89
PROPERTY LISTING DETAILS
Coldwell Banker Assoc Brkr/cl
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20173436
Last Updated: 08/24/2020
