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3155 W Stonybrook Drive Anaheim, CA 92804

3 Beds 2 Baths 2,592 sqft Built 1972

INVESTimate

$795,000

List Price

$3,360

$3,110 - $3,610

Rent Est.

$849,935  ( +6.91%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $306.71
  • 5 Days on Market
  • MLS # : OC20172392
  • Updated Date : 08/25/2020 at 21:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,592 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Terrasol

Listing Agent's Description

Don't miss this highly upgraded air conditioned 3 bedroom 3 bath with bonus room home in the desirable neighborhood of W. Anaheim within walking distance to a 23 acre city park with loads of activities available. The outside of house has an upgraded Camelot Sheffield roof; has been painted/coated with heat reflector coating and all wood trim, beams and accents have been replaced as well as the 2-car roll-up garage door. Enter through custom double entry wood front door with glass windows into beautifully decorated, freshly painted interior with double pane windows and slider & crown molding thru out. Move through the living room & alcove into remodeled kitchen updated with granite counters & back-splash, new sink & faucet set, custom cabinets, gas stove with microwave, dishwasher, & recessed lighting. Adjacent is the light & bright family room/dining room with cozy seating areas & gas fireplace with over-sized mantel. Downstairs also has a beautifully remodeled half bath and separate laundry room.Moving to the second story to the Master bedroom suite with ceiling fan, 3/4 bath and walk in closet; two additional large bedrooms with ceiling fans and a huge bonus room to work from home; work out, enjoy your favorite hobbies, or just relax. Close to schools, freeway, stores and restaurants; this home is turnkey...just pack and move and begin to enjoy the good life.

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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: 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
Twila Reid Elementary School Primary Regular 657 26 5
Twila Reid Elementary School Middle Regular 657 26 5
Western High School High Regular 2,124 80 4

Twila Reid Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 26
5
GreatSchools Rating

Twila Reid Elementary School

  • Education Level: Middle
  • # of students: 657
  • # of teachers: 26
5
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students: 2,124
  • # of teachers: 80
4
GreatSchools Rating
 

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

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$2,933
Property Tax -$839
Property Insurance -$90
Property Management Fees -$165
CASH FLOW
-$667

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

$3,360

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.91%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
Length of Stay Years 2

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

$15,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,360

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $3,525

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,360
$3,360
RENT COMPS ANALYSIS
  • 3155 W Stonybrook Drive Anaheim, 3
    • 3 beds 2 baths ∙ 2,592 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,592 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $1.30
    •  
  • 8612 Katella Avenue Anaheim, 1
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1956 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1956
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.42
    •  
  • 1221 S Masters Lane Anaheim, 2
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1978
    property image
    LEASED 08/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.30
    •  
PROPERTY LISTING DETAILS
Linda Hahn
Re/max Terrasol
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20172392
Last Updated: 08/25/2020
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