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PROPERTY INFO
FACTS
- Single Family
- Built In 1968
- Price/Sqft : $378.70
- 16 Days on Market
- MLS # : OC21025452
- Updated Date : 02/20/2021 at 06:56
CONSTRUCTION
- Beds : 5
- Floor Size : 2,638 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Tiffany Real Estate
Listing Agent's Description
Incredible opportunity to own a fantastic Cypress pool home with a highly desirable Natural Park location! This Greenbrook Spacemaker I features 5 bedrooms (4 bedrooms + an enormous bonus room), 3 bathrooms, and a 3-car garage. North-facing! Large kitchen overlooking the back yard, with almost wall-to-wall windows, allowing the beautiful natural environment behind to permeate into the home. Expansive master bedroom also overlooks the park with a beautiful view. Central A/C, dual-pane windows and an incredible, sparkling 15x40 foot pool! Perfect for swimming laps! Also in the backyard is a large covered patio area for parties and entertaining. You will love the peace, privacy, and special ambiance of this Nature Park home. Amazing neighbors, best Cypress schools, and walking distance to shopping and restaurants! Arnold/Landell, Lexington Jr. High, Cypress High School, and Oxford Academy eligible (with testing)! Check out our 3D tour!
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MARKET HIGHLIGHTS
- 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)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Cypress
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cypress
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,700 |
| EXPENSES | Loan Payment | -$3,470 |
| Property Tax | -$1,009 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$181 | |
|
CASH FLOW
-$1,051
|
||
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.
$999,000
PROJECTED PRICE
$3,700
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$270,485
LOAN DETAILS
$3,470
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $249,750 |
| Loan Amount | $749,250 |
0.92
YEARS SAVED
$3,666
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,700
LIST RENT -
$1.4
LIST RENT PER SQFT
-
$3,647
COMP ESTIMATED VALUE -
$1.38
COMP AVG. RENT PER SQFT
Comps Range
-
4368 Via Largo Cypress, CA 3
- 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 1968 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 1968
- Rent
- Rent Per SQFT
- $3,700
- $1.40
-
9365 Cambridge Street Cypress, CA 1
- 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1967
LEASED 10/31/19- Rent
- Rent Per SQFT
- $3,500
- $1.33
-
5299 Yorkshire Drive Cypress, CA 2
- 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1964
LEASED 06/11/20- Rent
- Rent Per SQFT
- $3,600
- $1.33
-
9678 Oakmount Street Cypress, CA 4
- 4 beds 2 baths ∙ 2,667 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,667 Sqft ∙ Built 1968
LEASED 02/07/21- Rent
- Rent Per SQFT
- $3,750
- $1.41
-
4443 Via Linda Cypress, CA 5
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1968
LEASED 08/18/20- Rent
- Rent Per SQFT
- $3,800
- $1.46
PROPERTY LISTING DETAILS
Re/max Tiffany Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21025452
Last Updated: 02/20/2021
