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8282 Yorkshire Avenue Anaheim, CA 92804

4 Beds 2 Baths 1,197 sqft Built 1954

$650,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $543.02
  • 6 Days on Market
  • MLS # : IG20257619
  • Updated Date : 12/17/2020 at 22:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,197 sqft
  • Baths : 2 full
Listing Agent

Nexthome Free

Listing Agent's Description

You have to see this home! This home has 4 bedrooms and 2 bathrooms and is 1,197 square feet. This home comes with an upgraded kitchen, bathrooms, flooring and features planation shutters through out the home. Yorkshire is surrounded by a brick wall for privacy with a huge front and back yard with outside porches. Open the front door and you walk into a open living space with a lot of natural lighting. Kitchen has been recently upgraded featuring recessed lighting, white cabinets and new counter tops. Both bathrooms have also been recently upgraded with new showers and cabinets. Home has central heat and a new AC unit. The backyard has its own entrance for RV parking and is a huge corner lot. You can do great things with this backyard! Nearby schools include Bryant Elementary School, St Polycarp Elementary School and Rancho Alamitos High School. The closest grocery stores are Acapulco Market, Dollar Bell and Stater Bros Markets. Nearby coffee shops include Starbucks, Quan Khat and Crave. Nearby restaurants include Seafood Palace, Taqueria El Rancho and Domino's Pizza. Home is located near Hansen Park, Twila Reid Park and Maxwell Park. I can't say enough about this property!

SEE MORE

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: Garden Grove

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: Garden Grove

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15943345

* 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
Bryant Elementary School Primary Regular 767 28 5
Alamitos Intermediate School Middle Regular 778 28 7
Rancho Alamitos High School High Regular 1,813 74 7

Bryant Elementary School

  • Education Level: Primary
  • # of students: 767
  • # of teachers: 28
5
GreatSchools Rating

Alamitos Intermediate School

  • Education Level: Middle
  • # of students: 778
  • # of teachers: 28
7
GreatSchools Rating

Rancho Alamitos High School

  • Education Level: High
  • # of students: 1,813
  • # of teachers: 74
7
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,398
Property Tax -$653
Property Insurance -$56
Property Management Fees -$139
CASH FLOW
-$406

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.

$650,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.4%
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

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$22,004

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $2.37

    LIST RENT PER SQFT
  • $2,448

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,7503$2,8404$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 8282 Yorkshire Avenue Anaheim, CA 3
    • 4 beds 2 baths ∙ 1,197 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,197 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $2.37
    •  
  • 11095 Emerson Way Stanton, CA 1
    • 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1971
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.98
    •  
  • 8532 Blanche Avenue Garden Grove, CA 2
    • 3 beds 1 baths ∙ 1,346 Sqft ∙ Built 1957 3 beds 1 baths ∙ 1,346 Sqft ∙ Built 1957
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.04
    •  
  • 11235 Bowles Ave Garden Grove, CA 4
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1956
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.99
    •  
  • 9161 Rosanna Avenue Garden Grove, CA 5
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1955
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.17
    •  
PROPERTY LISTING DETAILS
Cynthia Ng
Nexthome Free
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20257619
Last Updated: 12/17/2020
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