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6020 E Ridgewood Court Anaheim Hills, CA 92807

3 Beds 3 Baths 2,330 sqft Built 1980

$849,000

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $364.38
  • 5 Days on Market
  • MLS # : OC21022593
  • Updated Date : 02/05/2021 at 05:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,330 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Select One

Listing Agent's Description

Just look at the charm and character of the curb appeal (and the newer roof) of this great culdesac home and you know this is it! Come at sunset for a show in the sky that will make you feel like you’re on top of the world. A gardener’s delight out front whisks your mind away to an oasis of tranquility. New driveway and walkway is that special something that sets the tone of quality as you enter the gated front courtyard and continues all the way past more dazzling garden down both generous side yards to lush green lawn. What you see inside the leaded glass double front door is the gorgeous new hardwood floors leading you past the open concept dining and living room with fireplace focal point to the newly remodeled kitchen with quartz, farmhouse sink, new appliances and a second dining area of its own open to the family room and atrium sanctuary. What you _don’t_ see is the trifecta of climate control awesomeness with the newer top quality AC and furnace (with new ductwork too!), and whole house fan! There are a new water heater and water softener, too! Upstairs is the gigantic master suite of your dreams with soaring ceilings, huge mirrored closet, dual vanity and breathtaking view of the distant mountains over your neighbors’ rooftops from the jetted tub. Generous additional bedrooms share their own bath. All this with easy access to 91 and 55 freeways, restaurants and shops, and the great outdoors.

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: 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
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

El Rancho Charter School

  • Education Level: Middle
  • # of students: 1,186
  • # of teachers: 41
9
GreatSchools Rating

Canyon High School

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

$764,100$933,900$849,000

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$2,949
Property Tax -$821
Property Insurance -$83
HOA -$153
Property Management Fees -$176
CASH FLOW
-$582

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.

$849,000

PROJECTED PRICE

$3,600

PROJECTED RENT

0.42%

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

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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $3,658

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6003$3,6004$3,9005$3,900
$3,900
RENT COMPS ANALYSIS
  • 6020 E Ridgewood Court Anaheim Hills, CA 3
    • 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.55
    •  
  • 183 N Paseo Rio Blanco Anaheim Hills, CA 1
    • 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 1975
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.57
    •  
  • 5815 E Paseo Balboa Anaheim Hills, CA 2
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1974
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.53
    •  
  • 241 S Leandro Street S Anaheim Hills, CA 4
    • 4 beds 2 baths ∙ 2,600 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,600 Sqft ∙ Built 1972
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.50
    •  
  • 231 S Calle Diaz Anaheim, CA 5
    • 4 beds 4 baths ∙ 2,326 Sqft ∙ Built 1975 4 beds 4 baths ∙ 2,326 Sqft ∙ Built 1975
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.68
    •  
PROPERTY LISTING DETAILS
Martie Etheridge
Re/max Select One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21022593
Last Updated: 02/05/2021
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