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5361 E Willowick Drive Anaheim Hills, CA 92807

5 Beds 4 Baths 2,813 sqft Built 1974

$1,140,000

List Price

$3,960

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $405.26
  • 3 Days on Market
  • MLS # : PW21046085
  • Updated Date : 03/05/2021 at 15:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,813 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Amazing view home in the desirable and prestigious Westridge Community. Meticulously cared for home with beautiful upgrades in landscaping and other tasteful indoor and outdoor touches. The outdoor space is spectacular, tranquil and relaxing with snow-capped views of the mountains in the winters and year round city light views for miles and miles; while avocado, citrus, fig and guava trees provide an ample sampling of California flavors. Sellers entertained neighbors, friends and family for decades and are ready to pass the torch to you with home theater audio setup, outdoor speaker system, and fun/sun room with kitchen passthrough. The mostly single story floor plan is made special with an upstairs bonus room, bedroom and bath, perfect to work and workout from home or offer a house guest a private retreat. Versatile rooms include a large dining room w/ wood-burning fireplace, living room w/cathedral ceilings and large private master bath w/ oversized jacuzzi tub. Low assoc. fees provide great amenities (oversized pool, BBQ facilities, two lighted tennis courts). Close to Award winning blue ribbon schools and freeway close to everything Orange County has to offer. Thoughtful upgrades include epoxy flooring in garage, crown molding throughout the home, dimmable lights and adjustable ceiling fans, programmable entry lights, water softener, reverse osmosis for the entire kitchen, tankless water heater. This is a special home on a great street, in a wonderful neighborhood.

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: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $230k1027k

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

Neighborhood: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21600180020002200240026002800300032003400360038004000Rent in $15964135

* 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
 

$1,026,000$1,254,000$1,140,000

PURCHASE PRICE

$3,564$4,356$3,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,960
EXPENSES Loan Payment -$3,960
Property Tax -$1,102
Property Insurance -$95
HOA -$32
Property Management Fees -$194
CASH FLOW
-$1,422

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.

$1,140,000

PROJECTED PRICE

$3,960

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.6%
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$15k

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$307,850

INVESTMENT

$307,850

Down Payment
$285,000
Rehab Estimate
$5,750
Closing Costs
$17,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,960

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $285,000
Loan Amount $855,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$632

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,960

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $3,903

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8003$3,9604$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 5361 E Willowick Drive Anaheim Hills, CA 3
    • 5 beds 4 baths ∙ 2,813 Sqft ∙ Built 1974 5 beds 4 baths ∙ 2,813 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $3,960
    • $1.41
    •  
  • 520 S Tumbleweed Road Anaheim Hills, CA 1
    • 5 beds 3 baths ∙ 2,860 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,860 Sqft ∙ Built 1971
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.22
    •  
  • 451 S Wishing Well Lane Anaheim Hills, CA 2
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 1983
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.28
    •  
  • 611 S Frontier Court Anaheim Hills, CA 4
    • 4 beds 3 baths ∙ 2,816 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,816 Sqft ∙ Built 1980
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.60
    •  
  • 5171 E Cavendish Lane Anaheim Hills, CA 5
    • 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 1978 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 1978
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.45
    •  
PROPERTY LISTING DETAILS
Matthew Hartman
Exp Realty Of California Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21046085
Last Updated: 03/05/2021
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