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4711 E Parkrose Circle Anaheim Hills, CA 92807

4 Beds 2 Baths 1,989 sqft Built 1973

$808,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $406.23
  • 3 Days on Market
  • MLS # : OC20236803
  • Updated Date : 11/13/2020 at 09:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,989 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Beautiful single-story, four-bedroom home in Anaheim Hills features recessed lighting, plantation shutters, upgraded laminate flooring and carpet. Enter the living room with a cozy brick fireplace and high ceilings that allow an abundance of natural lighting to illuminate the open floor plan. The kitchen with granite countertops, tile flooring, rich dark cabinetry, appliances include a single over gas range, microwave and dishwasher. Enjoy the breakfast counter with bar stool seating and the adjacent dining area. Down the hallway, you will find the beautiful primary bedroom and the bathroom ensuite. This serene room has sliding doors that open to the landscaped backyard and the primary ensuite impresses with upgraded vanity, granite countertops, tile flooring, and a walk-in shower. The three additional bedrooms share an upgraded full bathroom. Entertain in the spacious family room that features plush carpeting, light-catching windows, and high ceilings with large slider doors that lead to the backyard. Relax under the covered patio area, green grassy area and open area. Direct access to the 2-car garage and laundry area, A/C unit, corner lot, cul-de-sac and quiet neighborhood. Close to shopping, dining, park and easy access to the 91, 55 freeways and Toll Rolls. This home has it all!

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: 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
Olive Elementary School Primary Regular 503 19 4
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

Olive Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 19
4
GreatSchools Rating

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
 

$727,200$888,800$808,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$2,981
Property Tax -$781
Property Insurance -$75
Property Management Fees -$164
CASH FLOW
-$651

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.

$808,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.41%

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-$15k-$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$219,870

INVESTMENT

$219,870

Down Payment
$202,000
Rehab Estimate
$5,750
Closing Costs
$12,120

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $202,000
Loan Amount $606,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$12,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $3,486

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,7003$3,7004$3,7705$3,900
$3,900
RENT COMPS ANALYSIS
  • 4711 E Parkrose Circle Anaheim Hills, CA 1
    • 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.68
    •  
  • 5453 E Willowick Circle Anaheim Hills, CA 2
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1973
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.69
    •  
  • 2891 N Wyngate Road Orange, CA 3
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1969
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.68
    •  
  • 211 N Redrock Street Anaheim, CA 4
    • 5 beds 2 baths ∙ 2,123 Sqft ∙ Built 1966 5 beds 2 baths ∙ 2,123 Sqft ∙ Built 1966
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,770
    • $1.78
    •  
  • 5146 E Greensboro Lane Anaheim Hills, CA 5
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1978
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.86
    •  
PROPERTY LISTING DETAILS
Susan Karcher
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20236803
Last Updated: 11/13/2020
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