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612 S Vicki Lane Anaheim, CA 92804

5 Beds 2 Baths 2,151 sqft Built 1965

$775,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $360.30
  • 4 Days on Market
  • MLS # : PW20235582
  • Updated Date : 11/12/2020 at 15:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,151 sqft
  • Baths : 2 full
Listing Agent

Reliance Real Estate Services

Listing Agent's Description

This Beautiful Turn-Key Smart home ready 5 Bedroom (3 Up and 2 Down), 2 Bath home is in the heart of Anaheim, close to shopping, Maxwell Park, Knotts Berry Farm, and fun local eateries. Located on a quiet cul-de-sac this home is 2,159 SqFt and has a 7,425 SqFt Lot that is nicely landscaped and ready for fun and entertainment. The spacious living room features a Wood Burning Fireplace and a large window providing natural light. This move-in-ready home has Dual Pane windows throughout, a Large Side Yard for a Dog Run, Storage, Zen Garden, Putting Green...you decide. You will see the home has been beautifully updated and well-loved. Homes seldom become available in this desirable community!

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: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15413345

* 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
Mattie Lou Maxwell Elementary School Primary Regular 822 31 5
Mattie Lou Maxwell Elementary School Middle Regular 822 31 5
Magnolia High School High Regular 1,813 73 3

Mattie Lou Maxwell Elementary School

  • Education Level: Primary
  • # of students: 822
  • # of teachers: 31
5
GreatSchools Rating

Mattie Lou Maxwell Elementary School

  • Education Level: Middle
  • # of students: 822
  • # of teachers: 31
5
GreatSchools Rating

Magnolia High School

  • Education Level: High
  • # of students: 1,813
  • # of teachers: 73
3
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,859
Property Tax -$767
Property Insurance -$79
Property Management Fees -$152
CASH FLOW
-$757

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$775,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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$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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $3,264

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,2004$3,3505$3,350
$3,350
RENT COMPS ANALYSIS
  • 612 S Vicki Lane Anaheim, CA 1
    • 5 beds 2 baths ∙ 2,151 Sqft ∙ Built 1965 5 beds 2 baths ∙ 2,151 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.44
    •  
  • 8612 Katella Avenue Anaheim, CA 2
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1956 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 1956
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.42
    •  
  • 2513 W Heffron Drive Anaheim, CA 3
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 1955
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
  • 2867 W Bridgeport Avenue Anaheim, CA 4
    • 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1955
    property image
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.65
    •  
  • 3431 W Brady Avenue Anaheim, CA 5
    • 5 beds 3 baths ∙ 2,367 Sqft ∙ Built 1954 5 beds 3 baths ∙ 2,367 Sqft ∙ Built 1954
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.42
    •  
PROPERTY LISTING DETAILS
Wendy Rawley
Reliance Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20235582
Last Updated: 11/12/2020
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