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722 S Vale Avenue Anaheim, CA 92806

4 Beds 3 Baths 2,495 sqft Built 1969

$885,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $354.71
  • 7 Days on Market
  • MLS # : PW21035427
  • Updated Date : 02/22/2021 at 08:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,495 sqft
  • Baths : 3 full
Listing Agent

Boydstun Rlty & Prop Mngmt Inc

Listing Agent's Description

Beautiful 4 bedroom, 3 bath two-story home in a great neighborhood! Great curb appeal with a serene entry featuring a wooden door, with leaded glass insets. Over sized 2 car garage with laundry off to the side. Master Bedroom has ensuite bath with walk in closet. This home features an easy flowing floor plan with lots of natural light. Entire back of house looks out to the spacious yard and covered patio. Has a formal dining room and a large family room with custom fireplace mantle and cabinets on each side. 4 bedrooms upstairs with 2 baths and a bath downstairs for guests.

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: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
South Junior High School Middle Regular 1,558 67 2
Katella High School High Regular 2,692 92 4
South Junior High School Middle Unknown NA

South Junior High School

  • Education Level: Middle
  • # of students: 1,558
  • # of teachers: 67
2
GreatSchools Rating

Katella High School

  • Education Level: High
  • # of students: 2,692
  • # of teachers: 92
4
GreatSchools Rating

South Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$796,500$973,500$885,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,074
Property Tax -$910
Property Insurance -$87
Property Management Fees -$159
CASH FLOW
-$980

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.

$885,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$240,275

INVESTMENT

$240,275

Down Payment
$221,250
Rehab Estimate
$5,750
Closing Costs
$13,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,074

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $221,250
Loan Amount $663,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,727

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $3,612

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,3004$3,8005$3,925
$3,925
RENT COMPS ANALYSIS
  • 722 S Vale Avenue Anaheim, CA 2
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.30
    •  
  • 121 S Plantation Place Anaheim, CA 1
    • 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.46
    •  
  • 184 S Alice Way Anaheim, CA 3
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1969
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.40
    •  
  • 2903 E Collyer Lane Anaheim, CA 4
    • 5 beds 3 baths ∙ 2,563 Sqft ∙ Built 1963 5 beds 3 baths ∙ 2,563 Sqft ∙ Built 1963
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.48
    •  
  • 863 S Jasper Circle Anaheim, CA 5
    • 5 beds 4 baths ∙ 2,700 Sqft ∙ Built 1971 5 beds 4 baths ∙ 2,700 Sqft ∙ Built 1971
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,925
    • $1.45
    •  
PROPERTY LISTING DETAILS
Reon Boydstun Howard
Boydstun Rlty & Prop Mngmt Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21035427
Last Updated: 02/22/2021
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