Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6080 E Constantine Road Anaheim Hills, CA 92807

4 Beds 3 Baths 2,488 sqft Built 1973

$929,000

List Price

$3,720

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $373.39
  • 7 Days on Market
  • MLS # : CV20252218
  • Updated Date : 12/10/2020 at 18:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,488 sqft
  • Baths : 3 full
Listing Agent

Re/max Champions

Listing Agent's Description

Here is your opportunity to own a wonderful pool home in a great location in Anaheim Hills. This is the first time this home has ever been on the market! This home features four bedrooms and three full bathrooms with a convenient bedroom and full bathroom downstairs. The home has a large living room with a cozy fireplace and formal dining area. HUGE upstairs bonus room that could easily be converted to a master suite. The backyard is extremely private and the home has recently been upgraded with a new AC system. This home is located half a mile from remarkably rated schools, walking trails and parks. Don't miss out on this opportunity!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
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
 

$836,100$1,021,900$929,000

PURCHASE PRICE

$3,348$4,092$3,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,720
EXPENSES Loan Payment -$3,428
Property Tax -$898
Property Insurance -$87
Property Management Fees -$182
CASH FLOW
-$875

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.

$929,000

PROJECTED PRICE

$3,720

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$251,935

INVESTMENT

$251,935

Down Payment
$232,250
Rehab Estimate
$5,750
Closing Costs
$13,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,428

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $232,250
Loan Amount $696,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$8,358

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,720

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $3,695

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,6003$3,6004$3,7205$3,900
$3,900
RENT COMPS ANALYSIS
  • 6080 E Constantine Road Anaheim Hills, CA 4
    • 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $3,720
    • $1.50
    •  
  • 5946 E Calle Principia Anaheim Hills, CA 1
    • 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 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
    •  
  • 6111 E Calle Pantano Anaheim Hills, CA 3
    • 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
    •  
  • 241 S Leandro Street S Anaheim Hills, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Rachel Winetsky
Re/max Champions
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20252218
Last Updated: 12/10/2020
BESbswy