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640 S Westford Street Anaheim Hills, CA 92807

3 Beds 2 Baths 1,944 sqft Built 1984

$888,888

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $457.25
  • 6 Days on Market
  • MLS # : PW21049240
  • Updated Date : 03/09/2021 at 16:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,944 sqft
  • Baths : 2 full
Listing Agent

Joseph Martelli R E Invst Inc

Listing Agent's Description

Extraordinary single-story detached home privately nestled in the highly desired Canyon Terrace Community of Anaheim Hills. Driving through this beautiful treelined community you will find this 3 bedroom and 2 bathroom single family home positioned on an oversized 11,000 square foot lot settled next to a lush greenbelt. The front yard offers a usable grass area & charming curb appeal. The interior offers high ceilings, 1,944 square feet, great natural lighting through all the window shutters & a dual door entrance to the master bedroom. The kitchen is equipped with substantial cabinet storage & spacious counter space for entertaining. In the living room there is a welcoming fireplace along with bar top seating perfect for breakfast in the morning. The backyard is fully landscaped with vibrant artificial turf, built in BBQ & stairs leading to a gazebo. Conveniently located by high-ranking schools, restaurants and the 91/55 Freeways.

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: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $230k1027k

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

Neighborhood: Orange Foothills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21600180020002200240026002800300032003400360038004000Rent in $15964135

* 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
Cerro Villa Middle School Middle Regular 1,028 40 6
Villa Park High School High Regular 2,475 89 8

Cerro Villa Middle School

  • Education Level: Middle
  • # of students: 1,028
  • # of teachers: 40
6
GreatSchools Rating

Villa Park High School

  • Education Level: High
  • # of students: 2,475
  • # of teachers: 89
8
GreatSchools Rating
 

$799,999$977,777$888,888

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$3,087
Property Tax -$859
Property Insurance -$74
HOA -$170
Property Management Fees -$163
CASH FLOW
-$1,033

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.

$888,888

PROJECTED PRICE

$3,320

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.6%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$241,305

INVESTMENT

$241,305

Down Payment
$222,222
Rehab Estimate
$5,750
Closing Costs
$13,333

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,087

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,222
Loan Amount $666,666
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT
  • $1.71

    LIST RENT PER SQFT
  • $3,446

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$3,320
1$3,3202$3,3503$3,4504$3,5005$3,900
$3,900
RENT COMPS ANALYSIS
  • 640 S Westford Street Anaheim Hills, CA 1
    • 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $1.71
    •  
  • 5364 E Willowick Drive Anaheim Hills, CA 2
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1974
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.68
    •  
  • 4927 E Shelton Avenue Orange, CA 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1995
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.73
    •  
  • 2535 E Vista Point Drive Orange, CA 4
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.83
    •  
  • 5146 E Greensboro Lane Anaheim Hills, CA 5
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1978
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.86
    •  
PROPERTY LISTING DETAILS
Garett Green
Joseph Martelli R E Invst Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21049240
Last Updated: 03/09/2021
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