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5305 E Pamela Kay Lane Anaheim Hills, CA 92807

3 Beds 2 Baths 2,053 sqft Built 1965

$850,000

List Price

$3,510

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $414.03
  • 4 Days on Market
  • MLS # : PW21033612
  • Updated Date : 02/19/2021 at 19:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,053 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California

Listing Agent's Description

Located on a very desirable cul-de-sac, this beautiful home features one of the largest single story floor plans in this prestigious neighborhood. As soon as you step foot inside, feel the blessings and visualize memories you will create with your family for years to come. Enjoy the open floor plan as you enter into this inviting Home Sweet Home! The entertaining spaces are open and airy. Bedrooms are spacious and serene. The tranquil master suite leads directly out to your beautiful backyard. Have memorable family gatherings in your spacious family room with a full bar! Cook up a feast for your friends & family in your beautifully renovated kitchen. The entire home has been completely renovated in 2014 & 2015 including the most important new plumbing, new roof, new windows and new electrical. Kitchen has been newly remodeled and the carpet is brand new. The spacious backyard has raised planters, newer patio covers and a custom built-in BBQ island perfect to show off your master BBQ skills! The spacious 2 car garage has a pass-thru to the backyard with a custom carport perfect for your next project vehicle or a basketball court! This home was thoughtfully designed for all your needs. Your future home belongs to the award-winning Crescent elementary, El Racho and Canyon High. The search is over, this IS your next dream home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

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
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$2,952
Property Tax -$821
Property Insurance -$77
Property Management Fees -$172
CASH FLOW
-$512

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.

$850,000

PROJECTED PRICE

$3,510

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$16,970

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,510

    LIST RENT
  • $1.71

    LIST RENT PER SQFT
  • $3,547

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,5103$3,7004$3,9005$3,900
$3,900
RENT COMPS ANALYSIS
  • 5305 E Pamela Kay Lane Anaheim Hills, CA 2
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1965 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,510
    • $1.71
    •  
  • 5364 E Willowick Drive Anaheim Hills, CA 1
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1974
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.68
    •  
  • 5453 E Willowick Circle Anaheim Hills, CA 3
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1973
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.69
    •  
  • 231 S Calle Diaz Anaheim, CA 4
    • 4 beds 4 baths ∙ 2,326 Sqft ∙ Built 1975 4 beds 4 baths ∙ 2,326 Sqft ∙ Built 1975
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.68
    •  
  • 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
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.86
    •  
PROPERTY LISTING DETAILS
James Kim
Exp Realty Of California
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21033612
Last Updated: 02/19/2021
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