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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $325.87
- 3 Days on Market
- MLS # : PW21057269
- Updated Date : 03/19/2021 at 18:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,145 sqft
- Baths : 1 full , 1 half
Listing Agent
First Team Real Estate
Listing Agent's Description
Beautiful gated community of Nohl Villas! Spacious attached SFR with no one above or below. End Unit. 2145 Sq Ft. 4 bedrooms 2.5 Baths Family Room with Fireplace open to the kitchen, Formal Dining Room and Living Room. Large Master Suite with dual vanities, tub, shower and walk-in closet and high ceilings. Very quiet interior location with greenbelt and trees views. Large fenced backyard. Greenbelt behind you. Walking distance to golf course and stores. 2 Car attached garage with direct access. Easy access to Association pool and spa. Home is Tenant Occupied and has been a rental for years. No upgrades, neutral colors. Priced to sell, good investment opportunity! Great Location and Good Bones! See Remarks for showing
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MARKET HIGHLIGHTS
- 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)
- 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)
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 | $3,110 |
| EXPENSES | Loan Payment | -$2,428 |
| Property Tax | -$676 | |
| Property Insurance | -$79 | |
| HOA | -$370 | |
| Property Management Fees | -$152 | |
|
CASH FLOW
-$595
|
||
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.
$699,000
PROJECTED PRICE
$3,110
PROJECTED RENT
0.44%
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
$190,985
LOAN DETAILS
$2,428
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
1.33
YEARS SAVED
$4,269
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,110
LIST RENT -
$1.45
LIST RENT PER SQFT
-
$3,282
COMP ESTIMATED VALUE -
$1.53
COMP AVG. RENT PER SQFT
Comps Range
-
6401 E Nohl Ranch Road Anaheim Hills, CA 2
- 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $3,110
- $1.45
-
6401 E Nohl Ranch Road Anaheim Hills, CA 1
- 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
-
941 S Amherst Circle Anaheim, CA 3
- 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 1977
LEASED 12/07/20- Rent
- Rent Per SQFT
- $3,150
- $1.62
-
6507 E Circulo Dali Anaheim Hills, CA 4
- 3 beds 3 baths ∙ 2,256 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,256 Sqft ∙ Built 1977
LEASED 03/13/21- Rent
- Rent Per SQFT
- $3,295
- $1.46
-
6563 E Paseo El Greco Anaheim Hills, CA 5
- 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1974
LEASED 11/12/20- Rent
- Rent Per SQFT
- $3,500
- $1.51
PROPERTY LISTING DETAILS
First Team Real Estate
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21057269
Last Updated: 03/19/2021
