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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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$229,675
LOAN DETAILS
$3,118
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $211,250 |
| Loan Amount | $633,750 |
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
-
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
Caldwell Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20236521
Last Updated: 11/15/2020
