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4141 E Riverdale Avenue Anaheim, CA 92807

4 Beds 2 Baths 1,412 sqft Built 1969

$749,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $530.45
  • 4 Days on Market
  • MLS # : CV21017894
  • Updated Date : 01/29/2021 at 12:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,412 sqft
  • Baths : 2 full
Listing Agent

So Cal Realty & Loans

Listing Agent's Description

Welcome home to this wonderful 4 bedroom, 2 bath, 1,412 sqft house. Both the home’s exterior and interior have been upgraded in the last two years; not to mention that the home has been extremely well maintained. The home features a nice sizable front and backyard as well as a spacious driveway and side RV parking. The home is conveniently located near multiple shopping centers and freeways as well as has an amazing school district in the area. There are so many options with this beautiful home; it's perfect for a growing family or couple who desire a spacious layout.

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: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: Anaheim Hills

NeighborhoodNIR 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
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,602
Property Tax -$723
Property Insurance -$61
Property Management Fees -$139
CASH FLOW
-$685

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.

$749,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $2,831

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8403$3,2004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 4141 E Riverdale Avenue Anaheim, CA 2
    • 4 beds 2 baths ∙ 1,412 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,412 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $2.01
    •  
  • 215 N Sagamore Street Anaheim, CA 1
    • 4 beds 2 baths ∙ 1,256 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,256 Sqft ∙ Built 1972
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.07
    •  
  • 1736 E Sunview Drive Orange, CA 3
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1963
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.96
    •  
  • 4817 E Wasatch Drive Anaheim Hills, CA 4
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1965
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.00
    •  
  • 4173 N Sunset Street Orange, CA 5
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1962
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.99
    •  
PROPERTY LISTING DETAILS
Art Casas
So Cal Realty & Loans
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21017894
Last Updated: 01/29/2021
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