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500 S Laureltree Drive Anaheim Hills, CA 92808

4 Beds 3 Baths 2,441 sqft Built 1990

$1,065,000

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $436.30
  • 3 Days on Market
  • MLS # : PW21031575
  • Updated Date : 03/13/2021 at 18:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,441 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Platinum Prop.

Listing Agent's Description

** REMODELED PRIME CORNER LOT with POOL & SPA** Beautiful House Feature 4 Bedrooms and 2.5 Bathroom with Plenty of Nature Light **New Floorings, New Paints, Recess Lights, Water Softener System thru the Whole House. **Gated Entrance to Private Courtyard **Greeting thru Double Doors into Formal Living Room and Dining Room with High Ceiling Room **Family Room with Cozy Fireplace looks over the Breakfast Nook and Kitchen boasting Custom Cabinets, Granite Counters, Removable Large Island, and Walk-In Pantry. **Upstairs MASTER SUITE with Mountain View, Walk-In Closet, Dual Sinks, Soaking Tub, and Enclosed Shower Area. **Upstairs 3 Spacious Bedrooms and Hallway Bathroom **Main Floor Laundry with Sink Directly Access to 2 Car-Garage Plus EXTRA STORAGE SPACE ** 2 Sliding Doors Lead Out to the Backyard with Fountain, Patio, Private POOL and SPA. Entertaining Made Easy! **Convenient Location to School, Shops and Freeways. VIEW 3D VISTUAL https://my.matterport.com/show/?m=3EpDFyYYTjR&mls=1

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: Sycamore Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sycamore Canyon

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
 

$958,500$1,171,500$1,065,000

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$3,699
Property Tax -$1,016
Property Insurance -$86
HOA -$92
Property Management Fees -$181
CASH FLOW
-$1,375

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.

$1,065,000

PROJECTED PRICE

$3,700

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.0%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$287,975

INVESTMENT

$287,975

Down Payment
$266,250
Rehab Estimate
$5,750
Closing Costs
$15,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,699

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $266,250
Loan Amount $798,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$411

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
  • $1.52

    LIST RENT PER SQFT
  • $3,692

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,550
1$3,5502$3,7003$3,7504$3,8005$3,950
$3,950
RENT COMPS ANALYSIS
  • 500 S Laureltree Drive Anaheim Hills, CA 2
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.52
    •  
  • 8852 E Crestview Lane Anaheim Hills, CA 1
    • 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1998
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.58
    •  
  • 967 S Ladan Lane Anaheim Hills, CA 3
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 1994
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.44
    •  
  • 8730 E Running Springs Drive Anaheim Hills, CA 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1996
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.46
    •  
  • 8681 E Windsong Drive Anaheim, CA 5
    • 3 beds 3 baths ∙ 2,520 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,520 Sqft ∙ Built 1998
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.57
    •  
PROPERTY LISTING DETAILS
Joyce Lin
Coldwell Banker Platinum Prop.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21031575
Last Updated: 03/13/2021
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