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6647 E Princeton Avenue Anaheim Hills, CA 92807

5 Beds 2 Baths 2,754 sqft Built 1975

INVESTimate

$939,000

List Price

$3,660

$3,410 - $3,910

Rent Est.

$989,706  ( +5.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $340.96
  • 3 Days on Market
  • MLS # : CV20173581
  • Updated Date : 08/25/2020 at 14:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,754 sqft
  • Baths : 2 full
Listing Agent

The Associates Realty Group

Listing Agent's Description

Welcome to Anaheim Hills Estates where you'll find this beautifully maintained home with breathtaking views of the Oak Canyon Nature Preserve. The pristine curb appeal shows off the Carriage House garage door and stunning wrought iron front doors with panels you can open for an afternoon breeze. The wood plank vinyl floors make it inviting for all the guests you'll entertain in your open concept layout. You'll enjoy the gourmet chef's kitchen with walk-in pantry, soft closing cabinets, high arch faucet with pot filler, upgraded stainless appliances, large center island and endless views of the canyon just steps away. You'll also find 3/4 bath and laundry room on the 1st level. All 5 bedrooms upstairs. Wake up in the master with its own private fireplace and gorgeous views of the San Antonio mountain range from your 2 bay windows. The master also has an en suite with a soaking tub, upgraded vanity mirrors, double sinks and his and hers closets. There's no need to leave home, just make a cocktail at your wet bar, escape into your own nature retreat while toasting smores on your fire pit or practicing your putting while you take in a gorgeous sunset from your backyard sanctuary. This energy efficient home has many well-thought-out features: a whole house fan, upgraded HVAC, crown molding, chair railing, full smart home with security system, custom closets with built in dressers, upgraded fixtures, finished garage with storage, RV/boat parking, backyard deck and so much more.

SEE MORE

MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

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
 

$845,100$1,032,900$939,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

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$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$3,464
Property Tax -$907
Property Insurance -$94
Property Management Fees -$179
CASH FLOW
-$985

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.

$939,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.40%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$254,585

INVESTMENT

$254,585

Down Payment
$234,750
Rehab Estimate
$5,750
Closing Costs
$14,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,464

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $234,750
Loan Amount $704,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$5,262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,660

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $4,007

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$3,660
1$3,6602$3,7003$3,9004$4,1505$4,200
$4,200
RENT COMPS ANALYSIS
  • 6647 E Princeton Avenue Anaheim Hills, 1
    • 5 beds 2 baths ∙ 2,754 Sqft ∙ Built 1975 5 beds 2 baths ∙ 2,754 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,660
    • $1.33
    •  
  • 1081 S Burlwood Drive Anaheim Hills, 2
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1977
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.43
    •  
  • 710 S Teal Circle Anaheim Hills, 3
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1977
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.51
    •  
  • 6567 E Via Arboles Anaheim Hills, 4
    • 5 beds 3 baths ∙ 2,768 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,768 Sqft ∙ Built 1975
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.50
    •  
  • 7042 E Country Club Lane Anaheim Hills, 5
    • 4 beds 2 baths ∙ 3,043 Sqft ∙ Built 1978 4 beds 2 baths ∙ 3,043 Sqft ∙ Built 1978
    property image
    LEASED 03/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.38
    •  
PROPERTY LISTING DETAILS
Jeannette Arias
The Associates Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20173581
Last Updated: 08/25/2020
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