Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4101 Myra Avenue Cypress, CA 90630

4 Beds 3 Baths 2,044 sqft Built 1966

INVESTimate

$899,000

List Price

$3,340

$3,090 - $3,590

Rent Est.

$955,547  ( +6.29%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1966
  • Price/Sqft : $439.82
  • 27 Days on Market
  • MLS # : PW20148111
  • Updated Date : 08/25/2020 at 13:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,044 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dio Real Estate

Listing Agent's Description

Beautiful 2 storey home nestled in the much desired city of Cypress. Big enough for a large family. 4 Bedrooms (2 rooms was combined to make a large master bedroom with master bath) and total of 3 baths. Home has an entry foyer that leads to cozy living room area, going straight to a huge family room with fire place. A glass sliding door leads you to the well manicured tropical backyard good for your Zen and relaxing. Location proximity to Los Alamitos High School

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)
  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18413345

* 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
Jack L. Weaver Elementary School Primary Regular 711 27 10
Sharon Christa Mcauliffe Middle School Middle Regular 1,245 44 9
Los Alamitos High School High Regular 3,292 115 9

Jack L. Weaver Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 27
10
GreatSchools Rating

Sharon Christa Mcauliffe Middle School

  • Education Level: Middle
  • # of students: 1,245
  • # of teachers: 44
9
GreatSchools Rating

Los Alamitos High School

  • Education Level: High
  • # of students: 3,292
  • # of teachers: 115
9
GreatSchools Rating
 

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

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$3,317
Property Tax -$942
Property Insurance -$76
Property Management Fees -$164
CASH FLOW
-$1,159

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.

$899,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.29%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

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.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,562

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,3003$3,3404$3,3505$3,600
$3,600
RENT COMPS ANALYSIS
  • 4101 Myra Avenue Cypress, 3
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $1.63
    •  
  • 4075 Larwin Avenue Cypress, 1
    • 4 beds 3 baths ∙ 1,748 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,748 Sqft ∙ Built 1969
    property image
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.63
    •  
  • 4542 Newman Avenue Cypress, 2
    • 5 beds 3 baths ∙ 1,943 Sqft ∙ Built 1965 5 beds 3 baths ∙ 1,943 Sqft ∙ Built 1965
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.70
    •  
  • 4595 Maybury Circle Cypress, 4
    • 5 beds 3 baths ∙ 1,943 Sqft ∙ Built 1968 5 beds 3 baths ∙ 1,943 Sqft ∙ Built 1968
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.72
    •  
  • 3191 Claremore Avenue Long Beach, 5
    • 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1965
    property image
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.92
    •  
PROPERTY LISTING DETAILS
Corazon Lomeli
Dio Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20148111
Last Updated: 08/25/2020
BESbswy