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3157 W Westhaven Anaheim, CA 92804

4 Beds 4 Baths 2,534 sqft Built 1972

$749,990

List Price

$3,900

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $295.97
  • 6 Days on Market
  • MLS # : CV21148954
  • Updated Date : 07/13/2021 at 09:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,534 sqft
  • Baths : 3 full , 1 half
Listing Agent

Kw Vision

Listing Agent's Description

4 bedroom, 3 1/2 bath Anaheim home coming soon.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Orangeview Junior High School Middle Regular 897 35 4
Western High School High Regular 2,124 80 4

Orangeview Junior High School

  • Education Level: Middle
  • # of students: 897
  • # of teachers: 35
4
GreatSchools Rating

Western High School

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

$674,991$824,989$749,990

PURCHASE PRICE

$3,510$4,290$3,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,900
EXPENSES Loan Payment -$2,605
Property Tax -$792
Property Insurance -$88
Property Management Fees -$191
CASH FLOW
$224

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.

$749,990

PROJECTED PRICE

$3,900

PROJECTED RENT

0.52%

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$0.0$10k$20k$30k$40k

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$204,497

INVESTMENT

$204,497

Down Payment
$187,498
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,498
Loan Amount $562,493
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$83,995

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,900

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $4,088

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,6503$3,6504$3,900
$3,900
RENT COMPS ANALYSIS
  • 3157 W Westhaven Anaheim, CA 4
    • 4 beds 4 baths ∙ 2,534 Sqft ∙ Built 1972 4 beds 4 baths ∙ 2,534 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.54
    •  
  • 5632 Karen Avenue Cypress, CA 1
    • 3 beds 3 baths ∙ 2,257 Sqft ∙ Built 1962 3 beds 3 baths ∙ 2,257 Sqft ∙ Built 1962
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.62
    •  
  • 5761 Myra Avenue Cypress, CA 2
    • 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.67
    •  
  • 417 S Danbrook Drive Anaheim, CA 3
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1958
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.55
    •  
PROPERTY LISTING DETAILS
Derek Oie
Kw Vision
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21148954
Last Updated: 07/13/2021
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