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380 Winding Lane Brea, CA 92821

4 Beds 2 Baths 2,020 sqft Built 1976

$899,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $445.05
  • 11 Days on Market
  • MLS # : PW21012570
  • Updated Date : 01/29/2021 at 16:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,020 sqft
  • Baths : 1 full , 1 half
Listing Agent

The Virtual Realty Group

Listing Agent's Description

Location location, location!!. Exceptional energy saving corner lot pool home adjacent to greenbelt/park in prestigious neighborhood of Country Hills Brea. Country Hills very close to 57 freeway access. Award winning Brea Olinda school district. Close to downtown Brea, Brea mall, and tons of restaurants. New SolarMax 19 solar panel system. Gorgeous pool w/new glass tile, new concrete, inground lighting, & high-end Pentair pool equipment w/intellicenter remote app. Private lot, peaceful greenbelt/park areas great for dog walking, kids play, and couple walks through plush greenery & trees. Owners have spent thousand$ to upgrade. Interior upgrades include: newer dual pane windows, recessed lighting, complete kitchen remodel (including new VIKING appliances, new quartz counters & backsplash), new baseboards throughout, new wood laminate flooring throughout (not bedrooms), new paint throughout, new carpet upstairs, new water heater, new furnace, new toilets, new plantation shutters, new wood laminate stairs and railing, & new tile in garage laundry area. Exterior upgrades include: new Alumawood patio cover with recessed lighting, & ceiling fans. New rain gutters, new exterior paint, new window screens, custom red cedar wood gate, tile roof, & new electrical panel. Solar panels offer 25 year workmanship warranty including labor- 10 year leak-free roof penetration guarantee. Exceptionally beautiful home. Showings begin Jan. 30th. See agent remarks. Solar Panels will be paid in full.

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: 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
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$3,123
Property Tax -$902
Property Insurance -$76
HOA -$58
Property Management Fees -$163
CASH FLOW
-$992

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.

$899,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.37%

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-$20k-$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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $3,389

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,3303$3,3954$3,4005$4,000
$4,000
RENT COMPS ANALYSIS
  • 380 Winding Lane Brea, CA 2
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $1.65
    •  
  • 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
    •  
  • 282 Heathcliff Place Brea, CA 3
    • 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
    •  
  • 1781 Moorpark Dr Brea, CA 4
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1966
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.58
    •  
  • 1761 E Eucalyptus Street Brea, CA 5
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 1971
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.90
    •  
PROPERTY LISTING DETAILS
Roy Hernandez
The Virtual Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21012570
Last Updated: 01/29/2021
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