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4252 Emerald Circle Cypress, CA 90630

6 Beds 3 Baths 2,906 sqft Built 1963

$1,100,000

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $378.53
  • 3 Days on Market
  • MLS # : PW21039179
  • Updated Date : 02/26/2021 at 13:40
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,906 sqft
  • Baths : 3 full
Listing Agent

Smart Partner, Realtors

Listing Agent's Description

Wow! Extremely Rare find! Stunning, beautifully designed and remodeled 6-bedroom, 2 master suites, 3 bath, 2,906 square feet, turnkey home. Positioned on a premium lot, located on a private cul-de-sac in a highly prestigious neighborhood in Cypress. Enjoy backyard oasis with entertaining and great family fun. Highlighted with elegant pool & spill over spa heated with solar power. The unique and open design of this special home coupled with quality craftsmanship throughout begins with attractive, cut glass, double door entry. Accented with beautiful remodeled gourmet kitchen with white cabinets, pantry, Corian counters, breakfast bar and spacious dining area. Inviting living room is accented with warm hardwood floors. Huge family room offers relaxing view and access to picturesque backyard. Expanded luxurious master suite is enhanced with balcony & relaxing view of backyard and pool, large walk-in wardrobe closet, stunning bathroom with spa tub for two, double vanity, and walk-in shower. Additional features include 2 roomy bedrooms with bathroom downstairs, 4 bedrooms with 2 baths upstairs, climate control with dual zone air conditioning & heating, tankless water heater, 220 in direct access garage for electrical car charging, solar hot water heating including pool and spa., drought resistant landscaping. Outstanding value for this rare and beautiful home.

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

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
Walker Junior High School Middle Regular 1,150 42 6
John F. Kennedy High School High Regular 2,373 81 9

Walker Junior High School

  • Education Level: Middle
  • # of students: 1,150
  • # of teachers: 42
6
GreatSchools Rating

John F. Kennedy High School

  • Education Level: High
  • # of students: 2,373
  • # of teachers: 81
9
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$3,821
Property Tax -$1,111
Property Insurance -$97
Property Management Fees -$176
CASH FLOW
-$1,605

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.

$1,100,000

PROJECTED PRICE

$3,600

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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$3.0M

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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $3,768

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5003$3,6004$4,000
$4,000
RENT COMPS ANALYSIS
  • 4252 Emerald Circle Cypress, CA 3
    • 6 beds 3 baths ∙ 2,906 Sqft ∙ Built 1963 6 beds 3 baths ∙ 2,906 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.24
    •  
  • 9662 Glenbrook St Cypress, CA 1
    • 5 beds 3 baths ∙ 2,602 Sqft ∙ Built 1967 5 beds 3 baths ∙ 2,602 Sqft ∙ Built 1967
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.31
    •  
  • 18731 Alfred Avenue Cerritos, CA 2
    • 5 beds 3 baths ∙ 2,688 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,688 Sqft ∙ Built 1971
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.30
    •  
  • 5001 Cartagena Circle La Palma, CA 4
    • 5 beds 4 baths ∙ 3,130 Sqft ∙ Built 1965 5 beds 4 baths ∙ 3,130 Sqft ∙ Built 1965
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.28
    •  
PROPERTY LISTING DETAILS
Frank Towler
Smart Partner, Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21039179
Last Updated: 02/26/2021
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