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4887 E Maychelle Drive Anaheim Hills, CA 92807

3 Beds 2 Baths 1,368 sqft Built 1973

$749,900

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $548.17
  • 3 Days on Market
  • MLS # : OC21048003
  • Updated Date : 03/13/2021 at 06:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,368 sqft
  • Baths : 2 full
Listing Agent

Re/max Premier Realty

Listing Agent's Description

Wow!~ Wait'll you see this 3 bedroom, 2 bath single story beauty. Drive up & you'll notice curb appeal in spades. You have your very own collection of palm trees. Esthetics, you ask? Every window looks to the great outdoors & a veritable tropical oasis! If quality is what you're after, this home is the definition thereof. In fact, it epitomizes superior craftsmanship from the get go! Enter & you'll be greeted by the gorgeous custom front door & solid hickory wood floors w/ high end carpet. Remodeled kitchen w/alderwood cabinets (no press wood here)! added island w/ granite counters, built in pantry & that’s not even the best part! The kitchen has been opened up to the family room w/ bar seating on the other side. Those low 70's ceilings & "boxed" rooms? Gone! Who doesn't love the "great room" layout, well this savvy seller has done it for you. And if that's not enough, you won't have to lift a finger! Gorgeous master bath remodel w/ walk in shower, mahogany cabinets, counters & lighting. Hall bath has also had a facelift w/ added whirlpool jet tub. Dual paned windows & pricey Hunter Douglas blinds. The things you don't see? Cedar lined master bedroom closet w/ oak cabinets, newer roof w/30 year warranty, all ductwork/blown in insulation redone. Calling all garage lovers, don't miss the S/S workbench w/ built in backbar & fridge. End of cul de sac location w/ huge covered patio, plenty of grass & planters, backing to a walking trail with no one behind you! Privacy, oh yeah!

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
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
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,605
Property Tax -$725
Property Insurance -$60
Property Management Fees -$135
CASH FLOW
-$774

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.

$749,900

PROJECTED PRICE

$2,750

PROJECTED RENT

0.37%

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

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% 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 $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$2,362

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $2,753

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,7504$2,7805$3,200
$3,200
RENT COMPS ANALYSIS
  • 4887 E Maychelle Drive Anaheim Hills, CA 3
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.01
    •  
  • 19113 Parkland Street Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1982
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.06
    •  
  • 6628 Kameha Circle Yorba Linda, CA 2
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1964
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.00
    •  
  • 5823 E Camino Pinzon Anaheim Hills, CA 4
    • 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
    •  
  • 4817 E Wasatch Drive Anaheim Hills, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Ruthie Truscott
Re/max Premier Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21048003
Last Updated: 03/13/2021
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