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552 Buttonwood Drive Brea, CA 92821

4 Beds 3 Baths 2,362 sqft Built 1966

$750,000

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $317.53
  • 4 Days on Market
  • MLS # : PW20229500
  • Updated Date : 10/31/2020 at 10:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,362 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Diamond

Listing Agent's Description

WELCOME HOME TO 552 BUTTONWOOD! This Brea gem features 4 bedrooms, 2.5 bathrooms, and approximately 2,362 sq. ft. of living space. Upon entering through the double doors and into the spacious foyer you will notice the many upgrades throughout as well as the open floor plan concept. Various upgrades include fresh interior paint, new wood flooring, new carpet, new exterior paint, new fixtures throughout interior & exterior, new cabinetry & more! To the left you will find the spacious living room which features a fireplace and large windows. Across from the living room, is the formal dining room, perfect for entertaining or family gatherings. The kitchen is an entertainers dream! Complete with granite counter tops, custom wood cabinetry, and bar seating for 4. Adjacent to the kitchen is the large family room with direct access to the backyard. The expansive master suite is secluded from the other 3 bedrooms and features his & her closets and master bath with a dual sink vanity, walk in shower and linen cabinet for added storage. The remaining 3 bedrooms can all be found on the second level along with the hall bath featuring a dual sink vanity, additional vanity, and shower/tub. This home is centrally located in Brea, walking distance from Fanning Elementary, Brea Junior High, close to shopping, dining, entertainment & more! Schedule your private tour today!

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

Zip Code: 92821

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92821

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18443345

* 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
William E. Fanning Elementary School Primary Regular 465 16 9
William E. Fanning Elementary School Middle Regular 465 16 9
Brea-olinda High School High Regular 1,895 68 9

William E. Fanning Elementary School

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 16
9
GreatSchools Rating

William E. Fanning Elementary School

  • Education Level: Middle
  • # of students: 465
  • # of teachers: 16
9
GreatSchools Rating

Brea-olinda High School

  • Education Level: High
  • # of students: 1,895
  • # of teachers: 68
9
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$2,767
Property Tax -$753
Property Insurance -$84
Property Management Fees -$165
CASH FLOW
-$399

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.

$750,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.7%
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$500k$1.0M$1.5M$2.0M

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$26,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $3,508

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3703$3,4504$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 552 Buttonwood Drive Brea, CA 2
    • 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $1.43
    •  
  • 130 Cool Oak Way Brea, CA 1
    • 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1985
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.53
    •  
  • 346 Buttonwood Drive Brea, CA 3
    • 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1965
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.51
    •  
  • 344 Suncrest Circle Brea, CA 4
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1976
    LEASED 05/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.42
    •  
  • 2134 Deer Springs Lane Brea, CA 5
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1985
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.48
    •  
PROPERTY LISTING DETAILS
Alex Horowitz
Coldwell Banker Diamond
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20229500
Last Updated: 10/31/2020
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