Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6450 E Lookout Lane Anaheim Hills, CA 92807

4 Beds 2 Baths 2,517 sqft Built 1985

$939,900

List Price

$3,870

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $373.42
  • 3 Days on Market
  • MLS # : PW21051458
  • Updated Date : 03/12/2021 at 09:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,517 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

** NESTLED AMONGST THE HILLS ON A SECLUDED TREE LINED LANE AWAITS THIS BEAUTIFUL 4 BEDROOM - 2.75 BATH RIDGE VIEW ESTATES HOME WITH MAGNIFICENT PANORAMIC VIEWS ** ENJOY THE SPACIOUS FLOOR PLAN WITH VAULTED CEILINGS AND LOTS OF NATURAL LIGHT ** THE OPEN KITCHEN WITH ADJACENT FAMILY ROOM AND WET BAR ARE IDEAL FOR ENTERTAINING ** ALL BEDROOMS ARE GENEROUS IN SIZE WITH A HUGE MASTER SUITE AND A PRIVATE BALCONY TO ENJOY BEAUTIFUL SUNSET, HILLS AND CITY LIGHT VIEWS ** THE BEDROOM AND 3/4 BATH DOWNSTAIRS IS PERFECT FOR YOUR GUESTS, MOTHER IN LAW QUARTERS OR HOME OFFICE ** RELAX IN YOUR PARK LIKE BACK YARD WHILE TAKING IN THE SIGHTS AND SOUNDS OF NATURE AT YOUR FINGERTIPS ** THE COMMUNITY ASSOCIATION INCLUDES A POOL, SPA, CLUBHOUSE, BBQ AND TENNIS COURTS + THE ANAHEIM HILLS SADDLE CLUB AND GOLF COURSE ARE JUST DOWN THE HILL ** COME SEE THIS BEAUTIFUL HOME AND LET'S MAKE IT YOURS !

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: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15963818

* 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
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

El Rancho Charter School

  • Education Level: Middle
  • # of students: 1,186
  • # of teachers: 41
9
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,338
  • # of teachers: 86
9
GreatSchools Rating
 

$845,910$1,033,890$939,900

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$3,265
Property Tax -$908
Property Insurance -$88
HOA -$140
Property Management Fees -$190
CASH FLOW
-$720

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.

$939,900

PROJECTED PRICE

$3,870

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$254,824

INVESTMENT

$254,824

Down Payment
$234,975
Rehab Estimate
$5,750
Closing Costs
$14,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,265

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $234,975
Loan Amount $704,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$10,487

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,870

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $4,015

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8703$4,0004$4,2005$4,200
$4,200
RENT COMPS ANALYSIS
  • 6450 E Lookout Lane Anaheim Hills, CA 2
    • 4 beds 2 baths ∙ 2,517 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,517 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $3,870
    • $1.54
    •  
  • 6563 E Paseo El Greco Anaheim Hills, CA 1
    • 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
    •  
  • 6840 E Georgetown Circle Anaheim Hills, CA 3
    • 4 beds 1 baths ∙ 2,456 Sqft ∙ Built 1977 4 beds 1 baths ∙ 2,456 Sqft ∙ Built 1977
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.63
    •  
  • 7211 E Crown Parkway Orange, CA 4
    • 3 beds 3 baths ∙ 2,620 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,620 Sqft ∙ Built 2001
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.60
    •  
  • 781 S Foxdale Lane Anaheim Hills, CA 5
    • 5 beds 3 baths ∙ 2,563 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,563 Sqft ∙ Built 1977
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.64
    •  
PROPERTY LISTING DETAILS
Winston Covington
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21051458
Last Updated: 03/12/2021
BESbswy