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7842 E Margaret Court Anaheim Hills, CA 92808

3 Beds 3 Baths 1,585 sqft Built 1990

INVESTimate

$779,900

List Price

$2,890

$2,640 - $3,140

Rent Est.

$816,087  ( +4.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $492.05
  • 5 Days on Market
  • MLS # : OC20172771
  • Updated Date : 08/25/2020 at 12:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,585 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home Partners Realty & Loans, Inc.

Listing Agent's Description

JUST LISTED!!!!! This gorgeous home is situation on a quiet cul-de-sac nestled in the highly sought after Highlands community in Anaheim Hills. Featuring many upgrades including kitchen cabinets and countertops, flooring, crown moldings and baseboards, custom moldings around windows, recessed lighting throughout the home, remodeled bathrooms, and much more. The vaulted ceilings and many windows throughout fill the home with natural light. The master suite features a large soaking tub and an extra long window in bedroom overlooking the nicely landscaped back yard. A large patio and new pergola make this home an entertainers dream. Conveniently located to award winning schools, shopping centers, entertainment, and restaurants!! This home really has it all!!

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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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

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
Canyon Rim Elementary School Primary Regular 692 26 9
Canyon Rim Elementary School Middle Regular 692 26 9
Canyon High School High Regular 2,338 86 9

Canyon Rim Elementary School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 26
9
GreatSchools Rating

Canyon Rim Elementary School

  • Education Level: Middle
  • # of students: 692
  • # of teachers: 26
9
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,338
  • # of teachers: 86
9
GreatSchools Rating
 

$701,910$857,890$779,900

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,877
Property Tax -$744
Property Insurance -$65
HOA -$85
Property Management Fees -$142
CASH FLOW
-$1,024

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.

$779,900

PROJECTED PRICE

$2,890

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.64%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,424

INVESTMENT

$212,424

Down Payment
$194,975
Rehab Estimate
$5,750
Closing Costs
$11,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,877

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,975
Loan Amount $584,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $3,027

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8903$2,9504$3,1005$3,500
$3,500
RENT COMPS ANALYSIS
  • 7842 E Margaret Court Anaheim Hills, 2
    • 3 beds 3 baths ∙ 1,585 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,585 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.82
    •  
  • 1130 S Positano Avenue Anaheim Hills, 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1995
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 7935 E Acorn Court Anaheim Hills, 3
    • 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1996
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.95
    •  
  • 918 S Dylan Way Anaheim Hills, 4
    • 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1995
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.81
    •  
  • 7291 E Columbus Drive Anaheim, 5
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1976
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.99
    •  
PROPERTY LISTING DETAILS
Krista Kee
Home Partners Realty & Loans, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20172771
Last Updated: 08/25/2020
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