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828 W Jade Way Anaheim, CA 92805

3 Beds 2 Baths 1,900 sqft Built 1954

$825,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $434.21
  • 106 Days on Market
  • MLS # : PW20161171
  • Updated Date : 12/01/2020 at 13:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 2 full
Listing Agent

Real Estate Ebroker Inc

Listing Agent's Description

Welcome home to Anaheim colony. This ranch-style home was built in 1952 with a built-in swimming pool and has been the pride of ownership for many years. pride of ownership clearly shows in the beautifully maintained and landscape lot nested in this quiet cul-de-sac. This beautiful well-kept 1900 sq ft. this beautiful home has 4 bedroom and 2 bath. The large beautiful kitchen has been beautifully remodeled with all new appliances. Laundry room is located just off of kitchen spacious pantry with a beautiful sliding barn door. Large bathroom is handicap accessible. Living room has a gorgeous well-maintained hardwood floor recently sanded and refinished. Home has 2 fireplaces; one is located in the living room. The other is located in the front bedroom which is currently being used as an office. Home has double pane windows all around. Air-conditioning unit recently serviced and is in excellent condition. All plumbing recently redone. Many electrical issues addressed. Roof is metal and will last forever. Home has a two car attached garage with enough parking for four automobiles in the driveway. This home has a large lot greater than 9000 sqft. Backyard is surrounded in concrete with a gorgeous welcoming crystal-clear pool. This is a very quiet neighborhood. Difficult to find such peaceful location with friendly and quiet neighbors. Privacy surrounding entire property. Must-see home. This home is being sold as is.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Colony

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $199k742k

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

Neighborhood: The Colony

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $14693345

* 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
Westmont Elementary School Primary Regular 835 31 3
Westmont Elementary School Middle Regular 835 31 3
Anaheim High School High Regular 3,206 130 4

Westmont Elementary School

  • Education Level: Primary
  • # of students: 835
  • # of teachers: 31
3
GreatSchools Rating

Westmont Elementary School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 31
3
GreatSchools Rating

Anaheim High School

  • Education Level: High
  • # of students: 3,206
  • # of teachers: 130
4
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$3,044
Property Tax -$863
Property Insurance -$73
Property Management Fees -$143
CASH FLOW
-$1,203

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.

$825,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.2%
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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,926

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,8003$2,8004$2,9205$2,944
$2,944
RENT COMPS ANALYSIS
  • 828 W Jade Way Anaheim, CA 4
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.54
    •  
  • 727 W Northgate Lane Anaheim, CA 1
    • 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 1955 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 1955
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.56
    •  
  • 620 S Loara Street Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1955
    property image
    LEASED 02/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.48
    •  
  • 551 N Parkwood Street Anaheim, CA 3
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1954
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.59
    •  
  • 808 W Ken Way Anaheim, CA 5
    • 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1948
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,944
    • $1.53
    •  
PROPERTY LISTING DETAILS
Heliodoro Rebolledo
Real Estate Ebroker Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20161171
Last Updated: 12/01/2020
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