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380 S Sleepy Meadow Lane Anaheim Hills, CA 92807

4 Beds 2 Baths 2,380 sqft Built 1979

$1,000,000

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $420.17
  • 11 Days on Market
  • MLS # : PW20238548
  • Updated Date : 11/19/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,380 sqft
  • Baths : 2 full
Listing Agent

Impact Properties, Inc

Listing Agent's Description

This beautiful 4-bedroom, 2-bathroom home in the quiet Rocky Point neighborhood offers a stunning view overlooking the Santa Ana River area, city lights, and mountains. As you walk through the front door, you are greeted to the left by a large formal dining room. The home immediately opens in front of you to a spacious living room and a large family room, each with a gorgeous view. The open kitchen boasts plenty of granite counter space. The home has four spacious bedrooms, and the Master Bedroom features a large en-suite bathroom and has direct access to the back yard and patio. The expansive back yard is an entertainer’s delight, with stunning views and plenty of space for an evening gathering. This popular home will not be on the market long, so see it while you can!

SEE MORE

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

Neighborhood: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $230k1027k

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

Neighborhood: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21600180020002200240026002800300032003400360038004000Rent in $15964135

* 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
Nohl Canyon Elementary School Primary Regular 557 17 9
Nohl Canyon Elementary School Middle Regular 557 17 9
Villa Park High School High Regular 2,475 89 8

Nohl Canyon Elementary School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 17
9
GreatSchools Rating

Nohl Canyon Elementary School

  • Education Level: Middle
  • # of students: 557
  • # of teachers: 17
9
GreatSchools Rating

Villa Park High School

  • Education Level: High
  • # of students: 2,475
  • # of teachers: 89
8
GreatSchools Rating
 

$900,000$1,100,000$1,000,000

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$3,690
Property Tax -$968
Property Insurance -$85
HOA -$167
Property Management Fees -$181
CASH FLOW
-$1,400

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.

$1,000,000

PROJECTED PRICE

$3,690

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.6%
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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $250,000
Loan Amount $750,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $3,754

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6003$3,6904$3,7005$3,800
$3,800
RENT COMPS ANALYSIS
  • 380 S Sleepy Meadow Lane Anaheim Hills, CA 3
    • 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.55
    •  
  • 2944 E Chapel Hill Road Orange, CA 1
    • 3 beds 2 baths ∙ 2,386 Sqft ∙ Built 1965 3 beds 2 baths ∙ 2,386 Sqft ∙ Built 1965
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.51
    •  
  • 4038 E Maple Tree Drive Anaheim, CA 2
    • 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1965
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.60
    •  
  • 2891 N Wyngate Road Orange, CA 4
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1969
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.68
    •  
  • 3406 E Alderly Lane Orange, CA 5
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1983
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.52
    •  
PROPERTY LISTING DETAILS
Aaron Zapata
Impact Properties, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20238548
Last Updated: 11/19/2020
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