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520 E Florence Avenue La Habra, CA 90631

3 Beds 2 Baths 1,028 sqft Built 1977

$569,999

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $554.47
  • 6 Days on Market
  • MLS # : DW20264022
  • Updated Date : 12/29/2020 at 20:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,028 sqft
  • Baths : 2 full
Listing Agent

Century 21 Allstars

Listing Agent's Description

Beautifully maintained and updated home in the great city of La Habra. Home features a great layout with spacious bedrooms. Property features new astroturf in the front yard and a huge backyard perfect for entertaining or even extending the home further. The home has new laminate floors throughout and is move in ready! Thank you for showing and see you in escrow~

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 90631

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $217k742k

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

Zip Code: 90631

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17143345

* 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
Arbolita Elementary School Primary Regular 389 15 3
Washington Middle School Middle Regular 854 33 4
Sonora High School High Regular 1,924 67 9

Arbolita Elementary School

  • Education Level: Primary
  • # of students: 389
  • # of teachers: 15
3
GreatSchools Rating

Washington Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 33
4
GreatSchools Rating

Sonora High School

  • Education Level: High
  • # of students: 1,924
  • # of teachers: 67
9
GreatSchools Rating
 

$512,999$626,999$569,999

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,103
Property Tax -$588
Property Insurance -$52
Property Management Fees -$118
CASH FLOW
-$460

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.

$569,999

PROJECTED PRICE

$2,400

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,500
Loan Amount $427,499
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $2.33

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,4004$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 520 E Florence Avenue La Habra, CA 3
    • 3 beds 2 baths ∙ 1,028 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,028 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.33
    •  
  • 1239 E Whittier Boulevard La Habra, CA 1
    • 3 beds 3 baths ∙ 1,347 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,347 Sqft ∙ Built 1986
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.71
    •  
  • 512 Breezewood Court Brea, CA 2
    • 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 1974
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.84
    •  
  • 1781 Pennywood Court Brea, CA 4
    • 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 1974
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.88
    •  
  • 568 Elkwood Court Brea, CA 5
    • 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 1973
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.00
    •  
PROPERTY LISTING DETAILS
Janely Sandoval
Century 21 Allstars
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20264022
Last Updated: 12/29/2020
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