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

7816 East Portofino Avenue Anaheim Hills, CA 92808

3 Beds 2 Baths 1,363 sqft Built 1995

$599,998

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $440.20
  • 7 Days on Market
  • MLS # : OC21011213
  • Updated Date : 01/27/2021 at 21:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,363 sqft
  • Baths : 2 full
Listing Agent

Goodbrand Real Estate

Listing Agent's Description

Located in the desirable Monaco community of Anaheim Hills, this stunning condo has a remodeled, upgraded kitchen. Quartz countertops, Grecian natural stone backsplash, energy-efficient designer color stainless steel appliances, deep pocket sink, and design feature shelving create a clean, contemporary space perfect for entertaining. Custom wood plantation shutters, hardwood floors, high ceilings, large sliding door to a private patio, strategically placed windows, and a peek-a-boo view of the pool create an open feel and provide a refined canvas for your personal decorating style. The master suite features high ceilings, shutters,a walk-in closet and an en-suite bathroom with dual sinks. The second bedroom features shutters and is adjacent to the hallway bathroom. The third bedroom is currently a loft being utilized as a bedroom. It has a private bathroom and could easily be converted to a private bedroom. The attached 2 car garage (side by side) includes storage shelves and a washer/dryer. The neighborhood resort-like amenities include: a luxurious pool with 3 spas, 2 barbecues, a gym, tennis courts and a clubhouse for parties. Local golf club, equestrian center, walking, and hiking/mountain bike trails make it easy to enjoy the Southern California lifestyle. Close to restaurants, shopping, the freeway and award-winning schools. All information deemed reliable but not guaranteed and all information should be independently verified.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Highlands at Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: The Highlands at 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
 

$539,998$659,998$599,998

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,084
Property Tax -$573
Property Insurance -$60
HOA -$282
Property Management Fees -$129
CASH FLOW
-$488

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.

$599,998

PROJECTED PRICE

$2,640

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,749

INVESTMENT

$164,749

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $2,675

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,6402$2,6503$2,8504$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 7816 East Portofino Avenue Anaheim Hills, CA 1
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.94
    •  
  • 1130 S Positano Avenue Anaheim Hills, CA 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1995
    property image
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 7700 E Viewrim Drive Anaheim Hills, CA 3
    • 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1997
    property image
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.88
    •  
  • 7783 E Portofino Avenue Anaheim Hills, CA 4
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1996
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
  • 7935 E Acorn Court Anaheim Hills, CA 5
    • 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1996
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.95
    •  
PROPERTY LISTING DETAILS
David Goodbrand
Goodbrand Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21011213
Last Updated: 01/27/2021
BESbswy