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534 S Peregrine Street Anaheim, CA 92806

3 Beds 2 Baths 1,378 sqft Built 1958

$675,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $489.84
  • 4 Days on Market
  • MLS # : PW21033673
  • Updated Date : 02/20/2021 at 13:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,378 sqft
  • Baths : 2 full
Listing Agent

Re/max One

Listing Agent's Description

Wonderful opportunity in nice neighborhood tract of Anaheim! One-story house on a corner lot with lush landscaping in front and backyard. Brick planter and brick entryway leads into home. Spacious and open living room with gas and wood-burning fireplace. Kitchen has white cabinetry, stainless steel appliances (stove/oven and dishwasher), tiled counters and tiled backsplash. Eating area off kitchen with built-in cabinet. 4th room with closet could be used as a family room, dining room, a 4th bedroom or an office, your choice! Ceiling fans and neutral tiled flooring in many rooms. Inside laundry room with gas dryer hookups. Master bedroom with mirrored closet doors and attached master bathroom with tiled shower. Large bedrooms with ceiling fans. Fantastic backyard with brick patio area, concrete patio, large grassy area with mature trees and landscaping and big side grass area! Two car detached garage with roll up garage door, storage shelves and long driveway. Fantastic neighborhood is 3.2 miles to Disneyland, 5 miles to Cal State Fullerton, 2 miles to Anaheim Packing House and much more!

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: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
South Junior High School Middle Regular 1,558 67 2
Katella High School High Regular 2,692 92 4
South Junior High School Middle Unknown NA

South Junior High School

  • Education Level: Middle
  • # of students: 1,558
  • # of teachers: 67
2
GreatSchools Rating

Katella High School

  • Education Level: High
  • # of students: 2,692
  • # of teachers: 92
4
GreatSchools Rating

South Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,345
Property Tax -$694
Property Insurance -$60
Property Management Fees -$136
CASH FLOW
-$465

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$675,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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-$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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$14,110

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $2,794

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,7703$2,8004$3,1005$3,250
$3,250
RENT COMPS ANALYSIS
  • 534 S Peregrine Street Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $2.01
    •  
  • 1284 E California Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1952
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.00
    •  
  • 613 S Wayside Street Anaheim, CA 3
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.00
    •  
  • 857 S Wayside Street Anaheim, CA 4
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1959
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.07
    •  
  • 512 N Carousel Place Anaheim, CA 5
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1962
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.04
    •  
PROPERTY LISTING DETAILS
Andrea Buckley
Re/max One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21033673
Last Updated: 02/20/2021
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