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8257 E Loftwood Lane Orange, CA 92867

3 Beds 3 Baths 1,985 sqft Built 2004

$765,000

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $385.39
  • 9 Days on Market
  • MLS # : OC21002725
  • Updated Date : 01/16/2021 at 13:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,985 sqft
  • Baths : 2 full , 1 half
Listing Agent

Caissy Minney, Broker

Listing Agent's Description

Detached home with the community features of a condominium. Highly coveted Serrano Highlands is a beautifully maintained community. Recent landscape renovation throughout the community. Community also features roaming security services. Home is located on a cul-de-sac and has a great front porch. Upon entering this upgraded beauty, you will notice the tall ceilings, tons of natural light, and an open floor plan. There are new plank vinyl floors in a neutral grey color throughout the first level. Open kitchen with an island overlooks the living room. Huge sliding glass door opens into the lush backyard that feels like a little oasis. Downstairs 1/2 bathroom for all your guests. Upstairs has newer plush neutral carpet and fresh paint PLUS a laundry room. The master has a huge en-suite with a separate soaking tub and stand-alone shower. Dual vanities and sinks ensure you have plenty of room to get ready in the mornings. There is a large walk in closet with attic access for extra storage, if needed. Upstairs is finished off with another full bathroom and two good sized bedrooms, one of which has a great covered balcony off of it. Everything you could want in your new home is waiting for you here. The gorgeous community pool is within walking distance. Welcome Home!

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: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $260k922k

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

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18223818

* 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
Anaheim Hills Elementary School Primary Regular 513 18 10
Anaheim Hills Elementary School Middle Regular 513 18 10
Canyon High School High Regular 2,338 86 9

Anaheim Hills Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 18
10
GreatSchools Rating

Anaheim Hills Elementary School

  • Education Level: Middle
  • # of students: 513
  • # of teachers: 18
10
GreatSchools Rating

Canyon High School

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

$688,500$841,500$765,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$2,657
Property Tax -$873
Property Insurance -$74
HOA -$130
Property Management Fees -$165
CASH FLOW
-$529

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.

$765,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,657

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$10,338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $3,370

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,3704$3,4005$3,800
$3,800
RENT COMPS ANALYSIS
  • 8257 E Loftwood Lane Orange, CA 3
    • 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $1.70
    •  
  • 8423 E Kendra Loop Orange, CA 1
    • 3 beds 3 baths ∙ 1,659 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,659 Sqft ∙ Built 2006
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.72
    •  
  • 6221 E Onyx Lane Anaheim Hills, CA 2
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1986
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.67
    •  
  • 7973 E Loftwood Lane Orange, CA 4
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 2004
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.74
    •  
  • 8216 E Loftwood Lane Orange, CA 5
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.66
    •  
PROPERTY LISTING DETAILS
Caissy Minney
Caissy Minney, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21002725
Last Updated: 01/16/2021
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