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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $399.96
- 3 Days on Market
- MLS # : PW21024835
- Updated Date : 02/20/2021 at 11:08
CONSTRUCTION
- Beds : 4
- Floor Size : 2,250 sqft
- Baths : 2 full
Listing Agent
Remax Tiffany Real Estate
Listing Agent's Description
Original Owners!! Welcome to the Tempo Homes built by Larwin in 1972. This is the largest model - the Spacemaster - featuring 4 bedrooms, 3 baths, living room, great-room-style family room and an upstairs bonus room. There's a master suite upstairs and one down. This model measures 2,250 sq. ft. and sits on an interior 5,300 sq. ft. lot. Kids will enjoy excellent Patton Elementary, Bell Jr high and Pacifica High. Upgrades include; central air, vinyl dual-pane windows, raised-panel doors & closet organizers. All the ceilings have been scraped and re-textured and the plumbing has been upgraded to copper. The kitchen has been upgraded and so are the bathrooms. Outside you'll find lawn sprinklers and mow strips. Just turn the key and move in!!
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Cypress
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cypress
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,130 |
| EXPENSES | Loan Payment | -$3,126 |
| Property Tax | -$908 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$153 | |
|
CASH FLOW
-$1,139
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$899,900
PROJECTED PRICE
$3,130
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| 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
$244,224
LOAN DETAILS
$3,126
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $224,975 |
| Loan Amount | $674,925 |
0.33
YEARS SAVED
$607
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 -
$1.39
LIST RENT PER SQFT
-
$3,296
COMP ESTIMATED VALUE -
$1.47
COMP AVG. RENT PER SQFT
Comps Range
-
6350 Bataan Street Cypress, CA 2
- 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1972
![property image]()
- Rent
- Rent Per SQFT
- $3,130
- $1.39
-
6654 Brewster Court Cypress, CA 1
- 3 beds 4 baths ∙ 2,301 Sqft ∙ Built 1974 3 beds 4 baths ∙ 2,301 Sqft ∙ Built 1974
![property image]()
LEASED 06/12/20- Rent
- Rent Per SQFT
- $3,000
- $1.30
-
11601 Luzon Street Cypress, CA 3
- 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1970
![property image]()
LEASED 04/02/20- Rent
- Rent Per SQFT
- $3,150
- $1.40
-
6188 Palau Street Cypress, CA 4
- 5 beds 3 baths ∙ 2,297 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,297 Sqft ∙ Built 1971
![property image]()
LEASED 09/28/19- Rent
- Rent Per SQFT
- $3,575
- $1.56
-
6598 Reefton Avenue Cypress, CA 5
- 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1972
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $3,600
- $1.60
PROPERTY LISTING DETAILS
Remax Tiffany Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21024835
Last Updated: 02/20/2021
