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704 N Vine Street Anaheim, CA 92805

4 Beds 2 Baths 1,236 sqft Built 1953

$589,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $476.54
  • 6 Days on Market
  • MLS # : OC20261829
  • Updated Date : 12/22/2020 at 17:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,236 sqft
  • Baths : 2 full
Listing Agent

Fenix Properties

Listing Agent's Description

Nice home in a nice neighborhood, 4 bedrooms and 2 bathrooms. Garden window in kitchen. 2 car garage with door opener. It was tenant occupied. Buyers to co-operate with a 1031 tax exchange at no cost to buyers. Close to Disneyland and lots of entertainment.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: The Colony

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $199k742k

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

Neighborhood: The Colony

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $14693345

* 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
Betsy Ross Elementary School Primary Regular 1,009 40 2
Betsy Ross Elementary School Middle Regular 1,009 40 2
Anaheim High School High Regular 3,206 130 4

Betsy Ross Elementary School

  • Education Level: Primary
  • # of students: 1,009
  • # of teachers: 40
2
GreatSchools Rating

Betsy Ross Elementary School

  • Education Level: Middle
  • # of students: 1,009
  • # of teachers: 40
2
GreatSchools Rating

Anaheim High School

  • Education Level: High
  • # of students: 3,206
  • # of teachers: 130
4
GreatSchools Rating
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,173
Property Tax -$616
Property Insurance -$57
Property Management Fees -$128
CASH FLOW
-$355

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$589,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$20,710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $2,583

    COMP ESTIMATED VALUE
  • $2.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6203$2,8504$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 704 N Vine Street Anaheim, CA 2
    • 4 beds 2 baths ∙ 1,236 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,236 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $2.12
    •  
  • 1333 E Kenwood Avenue Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1954
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.98
    •  
  • 1242 E Kenwood Avenue Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1954
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.17
    •  
  • 544 S Elder Street Anaheim, CA 4
    • 4 beds 2 baths ∙ 1,390 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,390 Sqft ∙ Built 1954
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.15
    •  
  • 303 S Dawn Street Anaheim, CA 5
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1954
    property image
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.06
    •  
PROPERTY LISTING DETAILS
Manuel Ruiz
Fenix Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20261829
Last Updated: 12/22/2020
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