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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $473.99
- 6 Days on Market
- MLS # : OC21013048
- Updated Date : 02/12/2021 at 22:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,538 sqft
- Baths : 2 full , 1 half
Listing Agent
First Team Real Estate
Listing Agent's Description
BREATHTAKING VIEWS FROM SUNRISE TO SUNSET! Wake up to incredible views from the top of Camino Grande Villas! This spacious 3 bedroom home with vaulted ceilings was designed for entertaining. Enjoy the ultimate in Indoor-Outdoor California living with easy access to the patio from both the Kitchen and Living Room. The Kitchen is large and open with sleek granite counters and a gas fireplace. This property has been upgraded with New Luxury Vinyl Wide Plank Floors and New Designer Paint throughout. The Master Bedroom is enormous with its own gas fireplace, en-suite full bath, and dual closets not to mention the breathtaking views! Recent upgrades include A/C, Dishwasher, Front Door, and Dining Room Chandelier. No neighbors immediately behind the property - this home is high up on the hill. There are gorgeous Equestrian and Hiking trails throughout the community...so picturesque! More photos coming soon!
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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
* 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 | $2,900 |
| EXPENSES | Loan Payment | -$2,532 |
| Property Tax | -$705 | |
| Property Insurance | -$64 | |
| HOA | -$250 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$793
|
||
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.
$729,000
PROJECTED PRICE
$2,900
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
$198,935
LOAN DETAILS
$2,532
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $182,250 |
| Loan Amount | $546,750 |
0.5
YEARS SAVED
$1,210
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,900
LIST RENT -
$1.89
LIST RENT PER SQFT
-
$2,899
COMP ESTIMATED VALUE -
$1.89
COMP AVG. RENT PER SQFT
Comps Range
-
6059 E Butterfield Lane Anaheim Hills, CA 4
- 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $2,900
- $1.89
-
6512 E Camino Vista Anaheim Hills, CA 1
- 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1974
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,700
- $1.75
-
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
-
6503 E Camino Anaheim Hills, CA 3
- 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1976
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,850
- $1.85
-
6097 E Montefino Lane Anaheim Hills, CA 5
- 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
PROPERTY LISTING DETAILS
First Team Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21013048
Last Updated: 02/12/2021
