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6023 E Brighton Lane Anaheim Hills, CA 92807

3 Beds 2 Baths 1,663 sqft Built 1979

$815,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $490.08
  • 3 Days on Market
  • MLS # : PW20251109
  • Updated Date : 12/05/2020 at 17:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,663 sqft
  • Baths : 2 full
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

Welcome to Anaheim Hills’ Carriage Lane! This 3-bedroom single story home is quaint, cozy and open all at the same time. As you approach the home, you will notice the gorgeous flagstone driveway, walkway and patio surrounding the home. Once inside, you will take in the custom-made chandeliers, the Dining Room that is placed perfectly center stage with adjacent beautiful iron double doors leading to the patio and the spacious Living Room with fireplace and a cathedral ceiling. The Master Retreat has an amazing view, en suite upgraded Bathroom with jet tub and separate walk-in shower and a walk-in closet with built-ins; 2nd Bedroom permitted addition has expanded the room and created an office nook; both secondary bedrooms have closet built-ins. Among many highlights of this home is the newly renovated kitchen that is tastefully done and stunning – with Quartz countertops, a breakfast bar, a breakfast nook, new backsplash, new sink/faucet, new GE stainless steel, 5-burner stove, rollout trash, soft close drawers, new flooring and paint, it is brand new! Flooring is travertine, tile and carpet throughout the home. With a breathtaking view of the hills, this home also offers a spacious front yard with a gate, front door privacy and so much more! Great location - Welcome Home!

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
Imperial Elementary School Primary Regular 491 19 8
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

Imperial Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 19
8
GreatSchools Rating

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
 

$733,500$896,500$815,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$3,007
Property Tax -$788
Property Insurance -$67
HOA -$80
Property Management Fees -$153
CASH FLOW
-$965

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.

$815,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.38%

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-$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$221,725

INVESTMENT

$221,725

Down Payment
$203,750
Rehab Estimate
$5,750
Closing Costs
$12,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,007

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $203,750
Loan Amount $611,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,814

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $3,314

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7803$3,0004$3,1305$3,150
$3,150
RENT COMPS ANALYSIS
  • 6023 E Brighton Lane Anaheim Hills, CA 4
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.88
    •  
  • 6033 E Morningview Drive Anaheim Hills, CA 1
    • 3 beds 1 baths ∙ 1,392 Sqft ∙ Built 1984 3 beds 1 baths ∙ 1,392 Sqft ∙ Built 1984
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.94
    •  
  • 5823 E Camino Pinzon Anaheim Hills, CA 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.99
    •  
  • 6097 E Montefino Lane Anaheim Hills, CA 3
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1987
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
  • 6060 E Camino Correr Anaheim Hills, CA 5
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1975
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.09
    •  
PROPERTY LISTING DETAILS
Laurie Eickhoff
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20251109
Last Updated: 12/05/2020
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