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358 Hilltop Lane Brea, CA 92821

5 Beds 3 Baths 2,043 sqft Built 1976

$850,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1976
  • Price/Sqft : $416.05
  • 11 Days on Market
  • MLS # : PW20223621
  • Updated Date : 10/24/2020 at 10:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,043 sqft
  • Baths : 2 full , 1 half
Listing Agent

Era North Orange County

Listing Agent's Description

Spacious Brea home located on a quiet cul-de-sac in the highly sought after Country Hills neighborhood. This home features 5 bedroom and 3 bathrooms with 2,043 square feet of living space. This home features a bright and open floor plan with living room that includes vaulted ceilings at the entry and beautiful fireplace. Spacious kitchen features stainless steel appliances, recessed lighting, plenty of cabinetry for storage and is open to the family room with direct access to the backyard. Upstairs you will find the spacious master suite which features a walk-in closet vanity area and walk-in shower. Additional 4 spacious bedrooms and full bath upstairs. Beautiful backyard is ready for your next BBQ! The backyard includes large covered patio, the perfect location for your BBQ and table, and large yard with beautiful mature landscaping. This community is located in the Award-Winning Brea Olinda School District and is close to Country Hills Elementary. Great walking trails, shopping, entertainment, and freeway access nearby. Come view this beautiful house and make it yours today!

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: Country Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Country Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18723818

* 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
Brea Country Hills Elementary School Primary Regular 642 22 8
Brea Country Hills Elementary School Middle Regular 642 22 8
Brea-olinda High School High Regular 1,895 68 9

Brea Country Hills Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 22
8
GreatSchools Rating

Brea Country Hills Elementary School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 22
8
GreatSchools Rating

Brea-olinda High School

  • Education Level: High
  • # of students: 1,895
  • # of teachers: 68
9
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,136
Property Tax -$860
Property Insurance -$76
HOA -$50
Property Management Fees -$164
CASH FLOW
-$936

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$850,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $3,299

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,3004$3,3505$3,395
$3,395
RENT COMPS ANALYSIS
  • 358 Hilltop Lane Fullerton, CA 4
    • 5 beds 3 baths ∙ 2,043 Sqft ∙ Built 1976 5 beds 3 baths ∙ 2,043 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.64
    •  
  • 2125 Clear Springs Road Brea, CA 1
    • 4 beds 3 baths ∙ 1,942 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,942 Sqft ∙ Built 1985
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.60
    •  
  • 130 Cool Oak Way Brea, CA 2
    • 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1985
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.53
    •  
  • 306 Lassen Circle Placentia, CA 3
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1976
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.70
    •  
  • 282 Heathcliff Place Brea, CA 5
    • 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 1982
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.63
    •  
PROPERTY LISTING DETAILS
Darryl Jones
Era North Orange County
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20223621
Last Updated: 10/24/2020
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