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4552 Marion Avenue Cypress, CA 90630

3 Beds 2 Baths 1,225 sqft Built 1963

$729,500

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $595.51
  • 18 Days on Market
  • MLS # : PW20239611
  • Updated Date : 12/02/2020 at 10:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,225 sqft
  • Baths : 1 full , 1 half
Listing Agent

Belmont Brokerage & Mgmt. Inc.

Listing Agent's Description

Great residential community. This house needs landscaping and some TLC, but will be well worth the effort.

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: 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
Margaret Landell Elementary School Primary Regular 711 24 10
Margaret Landell Elementary School Middle Regular 711 24 10
Cypress High School High Regular 2,737 92 9

Margaret Landell Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 24
10
GreatSchools Rating

Margaret Landell Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 24
10
GreatSchools Rating

Cypress High School

  • Education Level: High
  • # of students: 2,737
  • # of teachers: 92
9
GreatSchools Rating
 

$656,550$802,450$729,500

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,692
Property Tax -$737
Property Insurance -$57
Property Management Fees -$126
CASH FLOW
-$1,031

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.

$729,500

PROJECTED PRICE

$2,580

PROJECTED RENT

0.35%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,068

INVESTMENT

$199,068

Down Payment
$182,375
Rehab Estimate
$5,750
Closing Costs
$10,943

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,375
Loan Amount $547,125
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $2,588

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,580
1$2,5802$2,7903$2,9004$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 4552 Marion Avenue Cypress, CA 1
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $2.11
    •  
  • 5142 Belle Avenue Cypress, CA 2
    • 3 beds 1 baths ∙ 1,287 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,287 Sqft ∙ Built 1961
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $2.17
    •  
  • 10181 Saint Joan Street Cypress, CA 3
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1962
    property image
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.16
    •  
  • 5207 Cumberland Drive Cypress, CA 4
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1964
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.17
    •  
  • 9951 Via Linda Cypress, CA 5
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1967
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
PROPERTY LISTING DETAILS
W. Kurt Wood
Belmont Brokerage & Mgmt. Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20239611
Last Updated: 12/02/2020
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