Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6871 E Rutgers Drive Anaheim Hills, CA 92807

3 Beds 2 Baths 1,680 sqft Built 1976

$780,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $464.29
  • 87 Days on Market
  • MLS # : PI20218677
  • Updated Date : 10/16/2020 at 10:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,680 sqft
  • Baths : 2 full
Listing Agent

Soldbot

Listing Agent's Description

This beautiful 3 Bed, 2 Bath, 1,680sqft, Single Story Home, is situated on a corner lot with a massive front yard and has lots of potential. Dual Pane Windows, Marble Flooring throughout with the exception of Carpeting in the Bedrooms. Fantastic Open Floor Plan with Vaulted Ceilings and a relaxing Fireplace in the Living Room. Footsteps from the Oak Canyon Nature Center and Walnut Canyon Reservoir which provide gorgeous natural scenery, hiking trails and walking paths. This adorable home is located in the Orange Unified School District which features one of the highest rated elementary schools in O.C. (Schools: Canyon Rim (E), El Rancho (M), Canyon (H)).Corner house with lots of potential in the heart of Oak Canyon, Anaheim Hills. Exclusions:

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: 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
 

$702,000$858,000$780,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,709
Property Tax -$754
Property Insurance -$68
HOA -$282
Property Management Fees -$145
CASH FLOW
-$998

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.

$780,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

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$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,709

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$243

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.76

    LIST RENT PER SQFT
  • $2,965

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8503$2,9604$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 6871 E Rutgers Drive Anaheim Hills, CA 3
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.76
    •  
  • 6512 E Camino Vista Anaheim Hills, CA 1
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1974
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.75
    •  
  • 6503 E Camino Anaheim Hills, CA 2
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 1976
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.85
    •  
  • 7048 E Viewpoint Lane Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1976
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.70
    •  
  • 7191 E Scenic Circle Anaheim Hills, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Kevin Gioia
Soldbot
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PI20218677
Last Updated: 10/16/2020
BESbswy