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320 S Ash Street Anaheim, CA 92805

4 Beds 2 Baths 1,714 sqft Built 1953

$749,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $436.99
  • 4 Days on Market
  • MLS # : NP21017543
  • Updated Date : 01/28/2021 at 13:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,714 sqft
  • Baths : 1 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Newly remodeled single-family home in Anaheim featuring 4 bedrooms, 2 bathrooms, 2 car garage, and and oversized driveway. Home features include wood floors and granite countertops. Proximate too many local shopping centers, schools and 57, 91 and 5 freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
Sycamore Junior High School Middle Regular 1,408 62 1
Anaheim High School High Regular 3,206 130 4
Sycamore Junior High School Middle Unknown NA

Sycamore Junior High School

  • Education Level: Middle
  • # of students: 1,408
  • # of teachers: 62
1
GreatSchools Rating

Anaheim High School

  • Education Level: High
  • # of students: 3,206
  • # of teachers: 130
4
GreatSchools Rating

Sycamore Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,602
Property Tax -$770
Property Insurance -$69
Property Management Fees -$141
CASH FLOW
-$711

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.

$749,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,119

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,8603$2,8704$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 320 S Ash Street Anaheim, CA 3
    • 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.67
    •  
  • 2232 E North Redwood Drive Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1956
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.81
    •  
  • 1811 E Elm Street Anaheim, CA 2
    • 3 beds 3 baths ∙ 1,661 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,661 Sqft ∙ Built 1953
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.72
    •  
  • 879 S Wayside Street Anaheim, CA 4
    • 4 beds 1 baths ∙ 1,639 Sqft ∙ Built 1959 4 beds 1 baths ∙ 1,639 Sqft ∙ Built 1959
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.83
    •  
  • 2209 E North Redwood Drive Anaheim, CA 5
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1963
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.92
    •  
PROPERTY LISTING DETAILS
Kacey Taormina
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: NP21017543
Last Updated: 01/28/2021
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