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6826 Breton Way Cypress, CA 90630

3 Beds 3 Baths 1,799 sqft Built 1974

$649,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $360.76
  • 3 Days on Market
  • MLS # : OC21058159
  • Updated Date : 03/20/2021 at 16:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,799 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Select One

Listing Agent's Description

Fantastic location in Cypress Village! This lovely unit offers 3 bedrooms, 2 baths and almost 1,800 square feet!! The custom front door with side panels is really a showstopper and very inviting as you walk up to the brick patio. Upon entering, you'll notice the open floorplan and hardwood floors throughout the downstairs. Stepping into the family room your attention is drawn to the stacked stone fireplace. The large dining area opens into the kitchen with a large peninsula that offers additional seating at the breakfast bar. An ample size back patio has room enough for a table and chairs, sitting area, barbecue area and even a water wise garden. The covered patio is further enhanced with party lights and offers direct access to a large two car garage. Upstairs, you’ll find the laundry area and secondary bedrooms with ceiling fans. The primary bedroom is so large it could be split into 2 bedrooms AND it has another fireplace! In addition to the walk-in closet, there are 2 mirrored wardrobes! The master bath was just remodeled with a beautiful walk in shower and freestanding vanity. Further upgrades in the home include crown molding, newer vinyl dual pane windows throughout, ceiling fans AND A/C, neutral blinds throughout, hall closets with storage organizers and more! This location also offers plenty of parking behind the home in addition to that at the front of the home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Bell Intermediate School Middle Regular 676 25 9
Pacifica High School High Regular 1,773 75 9

Bell Intermediate School

  • Education Level: Middle
  • # of students: 676
  • # of teachers: 25
9
GreatSchools Rating

Pacifica High School

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

$584,100$713,900$649,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,254
Property Tax -$655
Property Insurance -$71
HOA -$290
Property Management Fees -$151
CASH FLOW
-$331

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.

$649,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.48%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$16,124

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $3,265

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,0904$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 6826 Breton Way Cypress, CA 3
    • 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.72
    •  
  • 11375 Harkers Court Cypress, CA 1
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1974
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.85
    •  
  • 6985 Molokai Drive Cypress, CA 2
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1967
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.79
    •  
  • 6507 Mcnutt Way Cypress, CA 4
    • 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1973
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.78
    •  
  • 6391 Cantiles Avenue Cypress, CA 5
    • 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1972
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.84
    •  
PROPERTY LISTING DETAILS
Erika Alvarez
Re/max Select One
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21058159
Last Updated: 03/20/2021
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