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6935 E Shorecrest Drive Anaheim, CA 92807

4 Beds 3 Baths 1,680 sqft Built 1976

$720,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $428.57
  • 6 Days on Market
  • MLS # : IG21026081
  • Updated Date : 02/11/2021 at 05:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,680 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Gorgeous Mid-Century Modern home in Anaheim Hills! This 4 bedroom, 3.5 bath home features tile flooring on the lower level, cozy loft area above the living room, and family room open to the kitchen with backyard access. The kitchen features lovely tile backsplash and counters complimented by the stainless steel appliances and gas range - any chef's dream! Meticulously maintained landscaping surrounds the wraparound patio area with stunning views of the Walnut Canyon Reservoir. Located in the highly sought after Lake Summit neighborhood, enjoy proximity to hiking trails, parks, recreational sites, and more! This one is an absolute must see!

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
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
 

$648,000$792,000$720,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$2,501
Property Tax -$681
Property Insurance -$68
HOA -$186
Property Management Fees -$152
CASH FLOW
-$478

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.

$720,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.43%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,501

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$11,138

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $3,053

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8503$3,0004$3,1005$3,110
$3,110
RENT COMPS ANALYSIS
  • 6935 E Shorecrest Drive Anaheim, CA 5
    • 4 beds 3 baths ∙ 1,680 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,680 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $1.85
    •  
  • 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
    •  
  • 916 S Nicole Way Anaheim Hills, CA 3
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 1996
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.91
    •  
  • 7191 E Scenic Circle Anaheim Hills, CA 4
    • 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
Kimberly Olivo
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21026081
Last Updated: 02/11/2021
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