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6599 E Carnegie Avenue Anaheim Hills, CA 92807

3 Beds 3 Baths 1,945 sqft Built 1975

$868,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $446.27
  • 4 Days on Market
  • MLS # : OC21008830
  • Updated Date : 01/16/2021 at 11:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,945 sqft
  • Baths : 2 full , 1 half
Listing Agent

Davar & Co

Listing Agent's Description

Stunning highly upgraded corner lot Anaheim Hills Estate residence with 3 bedrooms and 2.5 baths. Follow the beautiful path through the lovely garden and enter through the spacious bright and shiny living room. The laminate floors lead from the living room through the formal dining room to the open kitchen with new stainless-steel appliances, upgraded kitchen cabinets, with high quality Quartz countertops. The kitchen is bright with a lot of natural sunlight approaching the backyard. A few stairs down from the Living Room, you find yourself in an expansive family room with an exceedingly designed fireplace to have cozy family gatherings that also opens to the beautiful backyard. The tremendous deals of upgrades that include a built-in BBQ, firepit, Spa and much more will surely leave you mesmerized. Walk up the wide stairway to the 3-bedrooms on the second floor. The large master bedroom includes a newly remodeled walking closet and master bathroom. The two other immense bedrooms come with a recently upgraded bathroom. The 2 car garages hold a lot of storage space. Walking Distance award-winning Anaheim Hills Schools, Hiking Trails, Parks, Shopping Centers and much more differentiates this home! It won’t last for long and will be gone quickly!!! https://storage.net-fs.com/hosting/6444889/100/

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Anaheim Hills Elementary School Primary Regular 513 18 10
Anaheim Hills Elementary School Middle Regular 513 18 10
Canyon High School High Regular 2,338 86 9

Anaheim Hills Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 18
10
GreatSchools Rating

Anaheim Hills Elementary School

  • Education Level: Middle
  • # of students: 513
  • # of teachers: 18
10
GreatSchools Rating

Canyon High School

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

$781,200$954,800$868,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$3,015
Property Tax -$839
Property Insurance -$74
Property Management Fees -$154
CASH FLOW
-$942

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.

$868,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.36%

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

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$235,770

INVESTMENT

$235,770

Down Payment
$217,000
Rehab Estimate
$5,750
Closing Costs
$13,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,015

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $217,000
Loan Amount $651,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,048

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $3,141

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,1004$3,1405$3,150
$3,150
RENT COMPS ANALYSIS
  • 6599 E Carnegie Avenue Anaheim Hills, CA 4
    • 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.61
    •  
  • 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
    •  
  • 6584 E Paseo Diego Anaheim Hills, CA 2
    • 3 beds 3 baths ∙ 1,938 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,938 Sqft ∙ Built 1975
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.55
    •  
  • 7191 E Scenic Circle Anaheim Hills, CA 3
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1976
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.76
    •  
  • 941 S Amherst Circle Anaheim, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Mahtab Kamoosi
Davar & Co
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21008830
Last Updated: 01/16/2021
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