Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5752 Lime Cypress, CA 90630

4 Beds 2 Baths 1,537 sqft Built 1962

$729,900

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $474.89
  • 5 Days on Market
  • MLS # : PW20182080
  • Updated Date : 11/18/2020 at 15:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,537 sqft
  • Baths : 1 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

This charming single-story Imperial Estates home offers 4 bedrooms, 2 1/2 baths, and 1,537 sqft, plus an enclosed patio with approx 400 additional sf, all on an oversized 7,000 sf lot! Terrific curb appeal with a white picket fence, brick accents, mature foliage, and a butterfly garden. The living room has lots of natural light, hardwood flooring, & crown molding. Mealtime is a breeze in the upgraded kitchen which has custom wood cabinets, a 5-burner gas stove, stainless appliances including microwave & dishwasher, and a garden window. There is a convenient inside laundry room. The interior has a fresh coat of paint, smooth ceilings, recessed lighting, new carpet in 3 bedrooms, dual pane windows, copper plumbing, and refinished hardwood flooring in the main living area. There is a murphy bed & built-in desk in one of the bedrooms. Another bedroom has a huge walk-in closet & a shared Jack & Jill style bathroom. The home is equipped with central air and heat. Enjoy the tranquil, private, and oversized backyard with block wall fencing and numerous citrus, fruit, & avocado trees. Potential for RV parking on the side of the home! There is a detached two-car garage with a roll-up garage door. This home is located in the highly-rated Cypress School District including Morris Elementary, Lexington junior high, Cypress high school, and the Nationally-Ranked Oxford Academy (testing requirements). Just a short walk to the nearby Oak Knoll Park & Cypress Community Center.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Juliet Morris Elementary School Primary Regular 737 25 8
Juliet Morris Elementary School Middle Regular 737 25 8
Cypress High School High Regular 2,737 92 9

Juliet Morris Elementary School

  • Education Level: Primary
  • # of students: 737
  • # of teachers: 25
8
GreatSchools Rating

Juliet Morris Elementary School

  • Education Level: Middle
  • # of students: 737
  • # of teachers: 25
8
GreatSchools Rating

Cypress High School

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

$656,910$802,890$729,900

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,693
Property Tax -$737
Property Insurance -$64
Property Management Fees -$138
CASH FLOW
-$813

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.

$729,900

PROJECTED PRICE

$2,820

PROJECTED RENT

0.39%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,174

INVESTMENT

$199,174

Down Payment
$182,475
Rehab Estimate
$5,750
Closing Costs
$10,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,475
Loan Amount $547,425
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,454

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.83

    LIST RENT PER SQFT
  • $3,101

    COMP ESTIMATED VALUE
  • $2.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8203$2,9904$3,1955$3,400
$3,400
RENT COMPS ANALYSIS
  • 5752 Lime Cypress, CA 2
    • 4 beds 2 baths ∙ 1,537 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,537 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.83
    •  
  • 5521 Lime Avenue Cypress, CA 1
    • 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
    •  
  • 9767 Graham Street Cypress, CA 3
    • 3 beds 1 baths ∙ 1,576 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,576 Sqft ∙ Built 1967
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.90
    •  
  • 6067 San Remo Way Buena Park, CA 4
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1959
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $2.16
    •  
  • 5073 Oxford Drive Cypress, CA 5
    • 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 1964
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.05
    •  
PROPERTY LISTING DETAILS
Sheri Whitney
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20182080
Last Updated: 11/18/2020
BESbswy