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426 N Manti Drive Anaheim Hills, CA 92807

4 Beds 1 Baths 1,731 sqft Built 1964

$775,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $447.72
  • 21 Days on Market
  • MLS # : PW21038515
  • Updated Date : 03/19/2021 at 16:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,731 sqft
  • Baths : 1 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Lovely 4 bedroom single story home with no interior steps ~ Enter into a spacious living room with corner fireplace and a sliding door that opens to a large side patio ~ Open floor plan that is in style with current design elements and allows for easy furniture arrangements ~ Really nice family room, dining room, kitchen combination! This open space concept is what buyers are looking for in a home ~ This model features a private master suite and bathroom that is located on the opposite side of the home from the other 3 bedrooms ~ Additional bedrooms are ample in size and share a full hall bathroom ~ Hard surface flooring throughout – no carpeting ~ Lots of natural light ~ Dual paned windows and recessed lighting ~ Easy California outdoor entertainment area in the rear patio with lots of room for casual living and dining areas ~ A gardeners dream back yard with lots of planting areas and fruit trees ~ Convenient side shed for gardening supplies or storage ~ Nice location in the tract with great curb appeal!

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)
  • 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)
  • 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)

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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,692
Property Tax -$749
Property Insurance -$69
Property Management Fees -$150
CASH FLOW
-$600

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.

$775,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.39%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $1.77

    LIST RENT PER SQFT
  • $3,345

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$3,0603$3,2004$3,2005$3,295
$3,295
RENT COMPS ANALYSIS
  • 426 N Manti Drive Anaheim Hills, CA 2
    • 4 beds 1 baths ∙ 1,731 Sqft ∙ Built 1964 4 beds 1 baths ∙ 1,731 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.77
    •  
  • 5823 E Camino Pinzon Anaheim Hills, CA 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.99
    •  
  • 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
    •  
  • 1621 E Baldwin Avenue Orange, CA 5
    • 4 beds 1 baths ∙ 1,853 Sqft ∙ Built 1963 4 beds 1 baths ∙ 1,853 Sqft ∙ Built 1963
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.78
    •  
PROPERTY LISTING DETAILS
Steven Vartanian
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21038515
Last Updated: 03/19/2021
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