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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $344.04
- 7 Days on Market
- MLS # : PW21020199
- Updated Date : 02/06/2021 at 18:46
CONSTRUCTION
- Beds : 5
- Floor Size : 2,863 sqft
- Baths : 3 full
Listing Agent
Bhhs Ca Properties
Listing Agent's Description
Welcome to a Spacious 5 bedroom, 3 bath, POOL home in a sought after quiet neighborhood. The 2863Sqft. home is on a 7200sqft. lot. Excellent CURB appeal, with 3 car garage and 3 additional parking in the driveway. As you enter the beveled, leaded, double doors, you will be greeted with majestic cathedral ceiling and a sweeping grand spiral staircase. The entrance flows into a sunken formal living and dining area. The Kitchen has granite counters, gardener's window, butler's pantry and a walk in pantry to bring out the Chef in YOU!! The family room has a cozy granite fire place for relaxation. The sliding doors off of the family room leads to your own private RESORT!! With a heated pool, spa, fire pit, built in barbeque with plenty of seating areas around the pool and under the covered Patio. The home boasts a huge BONUS room on the second floor, which has potential to be a Home theater/media room or a game room. 4 bedrooms and 2 full baths are upstairs. The Master Bedroom has a walk-in closet and bath. Additional 5th bedroom and full bathroom downstairs, ideal as a guest room or for in-laws. The home has laminate, carpet and tile flooring. Enjoy Ceiling fans with light fixtures, recessed lights and abundant natural light from the windows. Great location!! Close to best schools, shopping centers, theater, restaurants and easy access to freeways. NO HOA!! Don't miss out on calling this house your HOME!!!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,170 |
| EXPENSES | Loan Payment | -$3,421 |
| Property Tax | -$940 | |
| Property Insurance | -$96 | |
| Property Management Fees | -$204 | |
|
CASH FLOW
-$492
|
||
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.
$985,000
PROJECTED PRICE
$4,170
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$266,775
LOAN DETAILS
$3,421
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $246,250 |
| Loan Amount | $738,750 |
3.25
YEARS SAVED
$26,164
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,170
LIST RENT -
$1.46
LIST RENT PER SQFT
-
$4,123
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
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7348 E Avenida Juarez Anaheim Hills, CA 5
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- Rent
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6315 Tiburon Yorba Linda, CA 1
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-
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- 4 beds 2 baths ∙ 2,769 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,769 Sqft ∙ Built 1989
LEASED 08/03/20- Rent
- Rent Per SQFT
- $3,900
- $1.41
-
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LEASED 09/10/19- Rent
- Rent Per SQFT
- $4,000
- $1.50
PROPERTY LISTING DETAILS
Bhhs Ca Properties
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21020199
Last Updated: 02/06/2021
