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5422 Villa Way #8 Cypress, CA 90630

3 Beds 2 Baths 1,374 sqft Built 1974

$579,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $421.40
  • 7 Days on Market
  • MLS # : PW20225493
  • Updated Date : 10/28/2020 at 06:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,374 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Award

Listing Agent's Description

THIS IS THE PERFECT OPPORTUNITY FOR A FIRST TIME BUYER OR TO KEEP AS AN INVESTMENT PROPERTY IN CYPRESS! Do not miss out on this one! Located in the private community of Park Cypress Villas. Truly the best location in the tract. Lovely 3 bedrooms & 2.5 bathrooms two-story model with no one above or below. Upgraded front door, upon entering you will find a perfectly flowing floor plan with abundance of NATURAL SUNLIGHT. Fabulous open concept, bright; warm and comfortable living room with brick fireplace, half bathroom downstairs, gorgeous laminate & wood flooring throughout, scraped ceilings downstairs, crown molding, ceiling fans, recessed lighting. Spacious kitchen with Formica countertops, upgraded trey ceilings, exhaust fan, tile flooring & casual dining area. Upstairs hallway bathroom has been totally upgraded/remodeled. All bedrooms are generous sized. Handy inside laundry downstairs. Large master bedroom with walk-in shower and dual closets. Sliding door leading to large fully fenced patio, perfect for pets, gardening, BBQ, morning coffee & outdoor entertaining. Direct access to one car garage plus one parking space; guest parking nearby. Newer upgraded central air conditioning/heat. Very low ($220.00) association dues which includes an inviting swimming pool. Surroundings are very well kept by Association. Superb rated Cypress School District including Cypress High School and Oxford Academy High School (with entrance exam). Very convenient location, close to everything.

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: Cypress

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18413345

* 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
Clara J. King Elementary School Primary Regular 585 21 6
Lexington Junior High School Middle Regular 1,275 44 8
Cypress High School High Regular 2,737 92 9

Clara J. King Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 21
6
GreatSchools Rating

Lexington Junior High School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 44
8
GreatSchools Rating

Cypress High School

  • Education Level: High
  • # of students: 2,737
  • # of teachers: 92
9
GreatSchools Rating
 

$521,100$636,900$579,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,136
Property Tax -$585
Property Insurance -$60
HOA -$220
Property Management Fees -$139
CASH FLOW
-$310

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.

$579,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.3%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$18,454

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $2.06

    LIST RENT PER SQFT
  • $2,834

    COMP ESTIMATED VALUE
  • $2.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7953$2,8004$2,8305$2,995
$2,995
RENT COMPS ANALYSIS
  • 5422 Villa Way Cypress, CA 4
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $2.06
    •  
  • 5241 Salisbury Circle La Palma, CA 1
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1971
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.98
    •  
  • 5062 Cadiz Circle La Palma, CA 2
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1966
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $2.14
    •  
  • 5521 Lime Avenue Cypress, CA 3
    • 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1962
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.96
    •  
  • 5207 Cumberland Drive Cypress, CA 5
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1964
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.17
    •  
PROPERTY LISTING DETAILS
Linda Suk
Century 21 Award
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20225493
Last Updated: 10/28/2020
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