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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $466.22
- 5 Days on Market
- MLS # : PW21026299
- Updated Date : 02/12/2021 at 13:23
CONSTRUCTION
- Beds : 4
- Floor Size : 1,791 sqft
- Baths : 2 full
Listing Agent
Redfin Corporation
Listing Agent's Description
This beautiful single story pool home in Anaheim Hills is ready for its new owners! This beauty has light catching dual pane windows, and the vaulted ceilings adds to the elegance of the highly livable floor plan. Through the double doors to the left is a bedroom which is currently being used as an office/mudroom. The updated kitchen is well appointed with granite counters, stainless steel appliances, breakfast nook, and gorgeous views of the back yard. The sizable family room flows seamlessly from the kitchen and features a skylight and crown moldings. Within close proximity is the formal dining room and living room with a stunning fireplace. The primary bedroom is very spacious and features vaulted ceilings, ample closet space, and en-suite master bathroom. The secondary bedrooms are a generous size both have ceiling fans, and share the upgraded full hallway bathroom. Enjoy relaxing in the sprawling backyard with a sparkling pool, spacious grassy area, mature landscape and outdoor Tuff Shed. In addition, home has recently been painted, includes a new water softener, double pane windows throughout, new water heater and new water line with pex piping, a/c was recently serviced. Close to highly rated schools, great shopping and entertainment. Welcome Home!
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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 | $3,090 |
| EXPENSES | Loan Payment | -$2,900 |
| Property Tax | -$807 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$151 | |
|
CASH FLOW
-$839
|
||
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.
$835,000
PROJECTED PRICE
$3,090
PROJECTED RENT
0.37%
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
$227,025
LOAN DETAILS
$2,900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $208,750 |
| Loan Amount | $626,250 |
1
YEARS SAVED
$3,324
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,090
LIST RENT -
$1.73
LIST RENT PER SQFT
-
$3,045
COMP ESTIMATED VALUE -
$1.7
COMP AVG. RENT PER SQFT
Comps Range
-
6152 E Palo Alto Drive Anaheim Hills, CA 5
- 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $3,090
- $1.73
-
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
-
6401 E Nohl Ranch Road Anaheim Hills, CA 2
- 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 1976
LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,850
- $1.53
-
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
-
6221 E Onyx Lane Anaheim Hills, CA 4
- 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1986
LEASED 09/12/19- Rent
- Rent Per SQFT
- $3,000
- $1.67
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21026299
Last Updated: 02/12/2021
