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5923 E Calle Principia Anaheim Hills, CA 92807

3 Beds 3 Baths 2,327 sqft Built 1979

$845,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $363.13
  • 11 Days on Market
  • MLS # : PW20236521
  • Updated Date : 11/15/2020 at 05:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,327 sqft
  • Baths : 2 full , 1 half
Listing Agent

Caldwell Realty

Listing Agent's Description

Beautifully remodeled Anaheim Hills home with amazing views! Come enjoy this spacious 3 bedroom 2.5 bath home. The gourmet kitchen includes thousands of dollars in upgraded Meile appliances including the refrigerator, double oven, six burner stove, Wolf hood, Porcelenosa tile and Custom cabinetry. Create fabulous meals to be enjoyed with your family in the eat in kitchen or in your separate dining room. There is a large family/bonus room for movies, games, etc. As you walk through the front door you'll notice the open and airy entryway as the cathedral ceiling draws you into the living room where you can relax in front of the grand fireplace. The master suite has a fabulous Porcelenosa soaking tub, double vanity with beautiful light fixtures, separate walk in shower and a custom walk in closet with organized storage shelves. The remodeled guest bath includes a new double vanity, light fixture and walk in shower. Some of the many upgrades include new flooring throughout, freshly painted interior/exterior, new lighting fixtures, newer water heater, doors, hardware and inside laundry room. Pick your own fresh lemons and enjoy the low maintenance yard with beautiful palms and greenery. Some of the amenities include a swimming pool, spa, tennis courts and clubhouse. This gorgeous home is centrally located to freeway access/toll roads, fine dining, shopping, schools, library, hiking, biking, golf and horse trails.

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: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15963818

* 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
Crescent Elementary School Primary Regular 770 26 9
Crescent Elementary School Middle Regular 770 26 9
Canyon High School High Regular 2,338 86 9

Crescent Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 26
9
GreatSchools Rating

Crescent Elementary School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 26
9
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,338
  • # of teachers: 86
9
GreatSchools Rating
 

$760,500$929,500$845,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$3,118
Property Tax -$817
Property Insurance -$83
HOA -$200
Property Management Fees -$167
CASH FLOW
-$984

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.

$845,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$229,675

INVESTMENT

$229,675

Down Payment
$211,250
Rehab Estimate
$5,750
Closing Costs
$12,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,118

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $211,250
Loan Amount $633,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,922

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $3,438

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4003$3,4004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 5923 E Calle Principia Anaheim Hills, CA 3
    • 3 beds 3 baths ∙ 2,327 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,327 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.46
    •  
  • 6031 E Nugget Court Anaheim Hills, CA 1
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1980
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.47
    •  
  • 5946 E Calle Principia Anaheim Hills, CA 2
    • 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 1980
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.45
    •  
  • 5815 E Paseo Balboa Anaheim Hills, CA 4
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1974
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.53
    •  
  • 6111 E Calle Pantano Anaheim Hills, CA 5
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1975
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.46
    •  
PROPERTY LISTING DETAILS
Charlotte Hudson
Caldwell Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20236521
Last Updated: 11/15/2020
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