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6734 E Kentucky Avenue Anaheim Hills, CA 92807

4 Beds 3 Baths 2,754 sqft Built 1977

$899,900

List Price

$4,200

$4K - $4.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $326.76
  • 6 Days on Market
  • MLS # : OC21061213
  • Updated Date : 03/27/2021 at 20:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,754 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to this incredible home in Anaheim Hills tucked away in one of the best neighborhoods. When you enter the home you are greeted with beautiful luxury vinyl flooring and high ceilings. The home is flooded with natural light and high windows as you make your way to the open concept kitchen and family room. The oversized family room has a gorgeous fireplace plus built-in cabinets to make for a great space. The large kitchen is open to an eat in kitchen and over looks the beautiful backyard. All four bedrooms are located upstairs and are all generous in size. The outdoors is the perfect backyard for entertaining or simply barbecuing. All of the landscape is mature and lends to a very relaxing spot with lots of privacy. Don't wait before this one is gone!

SEE MORE

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
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
 

$809,910$989,890$899,900

PURCHASE PRICE

$3,780$4,620$4,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,200
EXPENSES Loan Payment -$3,126
Property Tax -$870
Property Insurance -$94
Property Management Fees -$206
CASH FLOW
-$95

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.

$899,900

PROJECTED PRICE

$4,200

PROJECTED RENT

0.47%

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$0.0$10k$20k$30k

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$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$51,288

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,200

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $4,489

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,0003$4,2004$4,2005$4,700
$4,700
RENT COMPS ANALYSIS
  • 6734 E Kentucky Avenue Anaheim Hills, CA 4
    • 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.53
    •  
  • 6840 E Georgetown Circle Anaheim Hills, CA 1
    • 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
    •  
  • 7031 E Columbus Drive Anaheim Hills, CA 2
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1976
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.55
    •  
  • 781 S Foxdale Lane Anaheim Hills, CA 3
    • 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
    •  
  • 6567 E Via Arboles Anaheim Hills, CA 5
    • 5 beds 3 baths ∙ 2,768 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,768 Sqft ∙ Built 1975
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.70
    •  
PROPERTY LISTING DETAILS
Katie Eastman
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21061213
Last Updated: 03/27/2021
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