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4006 E Flintlock Way Anaheim Hills, CA 92807

3 Beds 1 Baths 1,072 sqft Built 1972

$479,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $446.83
  • 4 Days on Market
  • MLS # : PW21028746
  • Updated Date : 02/11/2021 at 14:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,072 sqft
  • Baths : 1 full
Listing Agent

The Brokeredge

Listing Agent's Description

Honey Stop The Car. This nicely upgraded interior unit shows pride of ownership. If features 3 bedrooms and 2 bathrooms. Some of the extra features are decorative lighting, built in surround sound speakers for entertaining. All rooms have closet organizer in them. Hardwood floors in the kitchen, dining room, and living room. Custom color scheme throughout. The upgraded Kitchen with granitic counter tops. both bathrooms, have upgraded vanity and tile flooring. The homes has Central A/C and each room has custom ceiling fans. The doors have been upgraded and 5" baseboards, and crown molding. Newer Vinyl windows throughout, which will help lower your energy bills. Take time out in either your front patio or back patio. Attached 2 car garage with direct access from the front patio.

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

Zip Code: 92807

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Zip Code: 92807

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15963818

* 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
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

El Rancho Charter School

  • Education Level: Middle
  • # of students: 1,186
  • # of teachers: 41
9
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,338
  • # of teachers: 86
9
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,664
Property Tax -$463
Property Insurance -$53
HOA -$320
Property Management Fees -$109
CASH FLOW
-$389

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.

$479,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $2.07

    LIST RENT PER SQFT
  • $1,937

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,3003$2,5004$2,595
$2,595
RENT COMPS ANALYSIS
  • 4006 E Flintlock Way Anaheim Hills, CA 1
    • 3 beds 1 baths ∙ 1,072 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,072 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $2.07
    •  
  • 2907 N Cottonwood Street Orange, CA 2
    • 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1973
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.71
    •  
  • 2855 N Cottonwood Street Orange, CA 3
    • 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1973
    property image
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.86
    •  
  • 1941 N Tustin Street Orange, CA 4
    • 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,403 Sqft ∙ Built 1981
    property image
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.85
    •  
PROPERTY LISTING DETAILS
Cindy Mccormick
The Brokeredge
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21028746
Last Updated: 02/11/2021
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