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4372 Pearl Court Cypress, CA 90630

4 Beds 2 Baths 1,451 sqft Built 1964

$749,999

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $516.88
  • 3 Days on Market
  • MLS # : OC21004717
  • Updated Date : 01/09/2021 at 17:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,451 sqft
  • Baths : 2 full
Listing Agent

Professional R.e. Center, Inc.

Listing Agent's Description

Welcome to this beautiful turnkey single story Cypress home. Located in a quiet neighborhood. Walking to top-rated schools.1/2 mile to Elementary, and a mile to Junior/High School. The 6000 Sqft lot. 1451Sqft living with features 4 bedrooms and 2 bathrooms. Completely remodeled. NEW wood laminated floor thru-out, NEW interior paint, NEW kitchen, NEW bathrooms. Spacious and open living room with fireplace opens up to a cozy permitted enclosed patio. It could be used as an office, a playroom, or the 5th bedroom. The kitchen with a bay window opens up an elegant dining room. Master bathroom with dual sink. Huge backyard with fruit trees. 2 car attached garage with direct access. Block wall surrounding.

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
Steve Luther Elementary School Primary Regular 515 19 7
Steve Luther Elementary School Middle Regular 515 19 7
John F. Kennedy High School High Regular 2,373 81 9

Steve Luther Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 19
7
GreatSchools Rating

Steve Luther Elementary School

  • Education Level: Middle
  • # of students: 515
  • # of teachers: 19
7
GreatSchools Rating

John F. Kennedy High School

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

$674,999$824,999$749,999

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$2,605
Property Tax -$757
Property Insurance -$62
Property Management Fees -$154
CASH FLOW
-$429

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.

$749,999

PROJECTED PRICE

$3,150

PROJECTED RENT

0.42%

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

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,499
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$18,181

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $2.17

    LIST RENT PER SQFT
  • $3,083

    COMP ESTIMATED VALUE
  • $2.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7953$2,8754$2,9755$3,150
$3,150
RENT COMPS ANALYSIS
  • 4372 Pearl Court Cypress, CA 5
    • 4 beds 2 baths ∙ 1,451 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,451 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.17
    •  
  • 5241 Salisbury Circle La Palma, CA 1
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1971
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.98
    •  
  • 5062 Cadiz Circle La Palma, CA 2
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1966
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $2.14
    •  
  • 12606 Lemming Street Lakewood, CA 3
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1960
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $2.22
    •  
  • 4553 Middlebury Circle Cypress, CA 4
    • 3 beds 1 baths ∙ 1,380 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,380 Sqft ∙ Built 1965
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $2.16
    •  
PROPERTY LISTING DETAILS
Quyen Tonnu
Professional R.e. Center, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21004717
Last Updated: 01/09/2021
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