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8355 E Shining Star Court Anaheim Hills, CA 92808

5 Beds 4 Baths 2,880 sqft Built 1996

$1,124,999

List Price

$4,200

$4K - $4.5K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $390.62
  • 2 Days on Market
  • MLS # : PW21030316
  • Updated Date : 02/13/2021 at 20:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,880 sqft
  • Baths : 4 full
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

Highly sought after pool home in the prestigious community of Anaheim Hills. This home has a prime location located high atop the hills and nestled on a quiet cul-de-sac. With nearly 2,900 SqFt of living space, 5 bedrooms, 4 baths, 3 car garage, separate laundry room and a downstairs bedroom perfect as a home office, for guests, this home truly has it all. Once inside you’ll see just how much this home has to offer as you are wowed with soaring ceilings and an open floor plan with large foyer, formal living room, dining room and lots of natural light. Entertain family and friends in your spacious kitchen with an abundance of cabinetry and a center island with seating. The kitchen overlooks the cozy family room complete with fireplace and slider leading to the tranquil backyard. The beautifully landscaped backyard is an entertainer's dream with built-in BBQ and beautiful pool and spa. Head upstairs along the dramatic spiral staircase and you will find the expansive master bedroom complete with fireplace and an en-suite bathroom with separate tub/shower, 2 additional spacious bedrooms (one with private balcony) that are joined with a Jack and Jill bathroom with dual sinks and lastly an additional private guest room with its own private bath. Surrounded by rolling hills, beautiful parks/trails and close to award winning schools, dining, shopping, entertainment, freeways and great Anaheim Hills community events.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: The Summit of Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: The Summit of 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
 

$1,012,499$1,237,499$1,124,999

PURCHASE PRICE

$3,780$4,620$4,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,200
EXPENSES Loan Payment -$3,908
Property Tax -$1,074
Property Insurance -$97
HOA -$115
Property Management Fees -$206
CASH FLOW
-$1,198

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.

$1,124,999

PROJECTED PRICE

$4,200

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.4%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$303,875

INVESTMENT

$303,875

Down Payment
$281,250
Rehab Estimate
$5,750
Closing Costs
$16,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,908

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $281,250
Loan Amount $843,749
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,200

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $4,147

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,0003$4,0004$4,2005$4,300
$4,300
RENT COMPS ANALYSIS
  • 8355 E Shining Star Court Anaheim Hills, CA 4
    • 5 beds 4 baths ∙ 2,880 Sqft ∙ Built 1996 5 beds 4 baths ∙ 2,880 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.46
    •  
  • 8730 E Running Springs Drive Anaheim Hills, CA 1
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1996
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.46
    •  
  • 8820 E Crestview Lane Anaheim Hills, CA 2
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 1997
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.38
    •  
  • 931 S Camerford Lane Anaheim Hills, CA 3
    • 5 beds 4 baths ∙ 2,863 Sqft ∙ Built 1991 5 beds 4 baths ∙ 2,863 Sqft ∙ Built 1991
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.40
    •  
  • 1001 S Mountcrest Court Anaheim Hills, CA 5
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1991
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.52
    •  
PROPERTY LISTING DETAILS
Erin Denes
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21030316
Last Updated: 02/13/2021
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