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3353 W Ariel Place Anaheim, CA 92804

3 Beds 1 Baths 1,399 sqft Built 1960

$725,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $518.23
  • 6 Days on Market
  • MLS # : PW21037997
  • Updated Date : 02/25/2021 at 14:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,399 sqft
  • Baths : 1 full
Listing Agent

Remax Tiffany Real Estate

Listing Agent's Description

This is a Dead Sharp Beauty with Thousands of Dollars in Recent Upgrades, You are Going to Love It! Excellent Location On a Cul De Sac, X-lrg 8900 sqft Pie Shaped Lot, Good Size Cement Drive Can Accommodate Extra Cars or RV. Drought Tolerant Landscape, Front/Back. Dual Pane Windows, AC/FA and Nest Thermostat. Nw Security Door & Raised Panel w/ Etched Glass Front Door, Keyless Entry Included. Open Concept Living, Custom Dual Tone Paint, 4" Base, Crown Molding, Raised Panel Interior Doors, New Brushed Nickle Hardware, Recessed Lighting, Beautiful Engineered Wood Plank Flooring in Soft Grey Through Out. Living Area is Over-sized with Raised Hearth Fireplace, Dining Area Easily Seats a Full Size Table With Room for More, Kitchen is Awesome! All New Bright White Shaker Cabinets with Neolith Style Quartz Counter Top, Soft Close Drawers, Farm Sink With Brushed Nickle Fixtures, Black Appliances, Etched Glass Window Overlooks Covered Patio, Matching Etched Glass Slider Accesses an Enclosed 150 sqft Patio (not included in sqft feet) that is used as the Playroom. Bedrooms are Huge! All with Generous Mirrored Wardrobes and Ceiling Fans. Master Bathroom Is Completely Remodeled, X-Large Walk In Shower, 8X18 Porcelain Tile Surround with Mosaic Tile Pan, Beautiful Clear Glass Enclosure, Brushed Nickle Fixtures. Back Yard Is Excellent. Lots of Room for Entertainment, Garden, and Play. Drought Resistant Artificial Grass.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,518
Property Tax -$738
Property Insurance -$61
Property Management Fees -$133
CASH FLOW
-$740

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.

$725,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.37%

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-$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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,699

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $3,001

    COMP ESTIMATED VALUE
  • $2.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7103$2,7904$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 3353 W Ariel Place Anaheim, CA 2
    • 3 beds 1 baths ∙ 1,399 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,399 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.94
    •  
  • 809 S Canoga Street Anaheim, CA 1
    • 4 beds 2 baths ∙ 1,303 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,303 Sqft ∙ Built 1961
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $2.07
    •  
  • 9713 Rosemary Drive Cypress, CA 3
    • 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1965
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $2.23
    •  
  • 9758 Pauline Drive Cypress, CA 4
    • 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1965
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.24
    •  
  • 3142 W Olinda Lane Anaheim, CA 5
    • 4 beds 2 baths ∙ 1,469 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,469 Sqft ∙ Built 1956
    property image
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.04
    •  
PROPERTY LISTING DETAILS
Daryl Chrispen
Remax Tiffany Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21037997
Last Updated: 02/25/2021
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