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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $510.20
- 3 Days on Market
- MLS # : PW20259928
- Updated Date : 12/18/2020 at 15:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,176 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Diamond
Listing Agent's Description
Picture Perfect Single Story Home in the City of La Habra! With great curb appeal, a beautifully landscaped backyard and a 2 car garage with direct access, this home is one you won’t want to miss! Featuring 3 bedrooms, 2 bathrooms and approximately 1,200 square feet of living space this home has everything! Upon entering, you will immediately notice the open floor plan concept, with the living room situated adjacent to the kitchen and dining area. The kitchen features upgraded cabinetry, granite counter tops, and a large island space. The master bedroom offers plenty of natural sunlight and master bath with stone counters and walk-in shower. Some additional highlights include laminate wood floors, lush carpeting, upgraded fixtures and fresh paint. The backyard is private and features plenty of grass and lush greenery as well as a spacious deck for dining and entertaining. This listing won’t last long, come see it today!
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 90631
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 90631
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,650 |
| EXPENSES | Loan Payment | -$2,214 |
| Property Tax | -$618 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$130 | |
|
CASH FLOW
-$368
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$600,000
PROJECTED PRICE
$2,650
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$164,750
LOAN DETAILS
$2,214
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $150,000 |
| Loan Amount | $450,000 |
3.08
YEARS SAVED
$17,522
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,650
LIST RENT -
$2.25
LIST RENT PER SQFT
-
$2,431
COMP ESTIMATED VALUE -
$2.07
COMP AVG. RENT PER SQFT
Comps Range
-
361 E Olive Avenue La Habra, CA 3
- 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $2,650
- $2.25
-
891 Hartford Lane La Habra, CA 1
- 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1975
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,500
- $1.99
-
311 N Colfax Street La Habra, CA 2
- 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1955
LEASED 09/23/20- Rent
- Rent Per SQFT
- $2,600
- $2.15
-
221 W Parkwood Avenue La Habra, CA 4
- 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1962
LEASED 11/04/19- Rent
- Rent Per SQFT
- $2,750
- $2.00
-
210 W Parkwood Avenue La Habra, CA 5
- 4 beds 2 baths ∙ 1,361 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,361 Sqft ∙ Built 1962
LEASED 05/19/20- Rent
- Rent Per SQFT
- $2,900
- $2.13
PROPERTY LISTING DETAILS
Coldwell Banker Diamond
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20259928
Last Updated: 12/18/2020
