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6722 Timaru Circle Cypress, CA 90630

4 Beds 2 Baths 1,654 sqft Built 1962

$779,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1962
  • Price/Sqft : $470.98
  • 18 Days on Market
  • MLS # : PW20209492
  • Updated Date : 10/30/2020 at 21:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,654 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Rare opportunity to own this Cypress cul-de-sac 4 bedroom, 2 bath with remodeled bonus room/office on oversized lot. Beautifully finished stamped concrete driveway and entrance walkway with custom ledge stone pillars. Entertainers back yard with full length solid overhead pergola with 3 ceiling fans, full use of pavers throughout backyard as well as separate side yard with boat parking. Master bedroom has direct access door to back patio. Smart home with Cat 5 wiring throughout. Updated A/C, new ducting & registers, new water heater, copper plumbing, new 200 amp electrical panel, and solar. One of the few homes in the neighborhood with inside laundry. This home is assigned to award winning schools Patton/Bell/Pacifica. Must see, will not last!

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: Cypress

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18413345

* 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
Patton Elementary School Primary Regular 1,006 37 10
Patton Elementary School Middle Regular 1,006 37 10
Pacifica High School High Regular 1,773 75 9

Patton Elementary School

  • Education Level: Primary
  • # of students: 1,006
  • # of teachers: 37
10
GreatSchools Rating

Patton Elementary School

  • Education Level: Middle
  • # of students: 1,006
  • # of teachers: 37
10
GreatSchools Rating

Pacifica High School

  • Education Level: High
  • # of students: 1,773
  • # of teachers: 75
9
GreatSchools Rating
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,874
Property Tax -$786
Property Insurance -$67
Property Management Fees -$146
CASH FLOW
-$903

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$779,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,713

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $3,006

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,8003$2,9704$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 6722 Timaru Circle Cypress, CA 3
    • 4 beds 2 baths ∙ 1,654 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,654 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $1.80
    •  
  • 6760 Via Irana Stanton, CA 1
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1977
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.83
    •  
  • 11381 Montserrat Street Cypress, CA 2
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1972
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.80
    •  
  • 11375 Harkers Court Cypress, CA 4
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1974
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.85
    •  
  • 6985 Molokai Drive Cypress, CA 5
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1967
    property image
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.79
    •  
PROPERTY LISTING DETAILS
Paul Bonilla
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20209492
Last Updated: 10/30/2020
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