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8401 E Durango Way Anaheim Hills, CA 92808

3 Beds 3 Baths 1,250 sqft Built 1999

$569,800

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $455.84
  • 5 Days on Market
  • MLS # : PW20237995
  • Updated Date : 11/12/2020 at 15:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,250 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Located in one of the most desired communities in all of Anaheim Hills, this 3 bedroom, 2.5 bathroom END unit with a 2 car attached garage is really something special. With stylish Luxury Vinyl Tile flooring downstairs, designer paint and an oversized kitchen you'll feel right at home the moment you walk through the front door. Upstairs features a master bedroom with retreat, attached master bathroom and walk in closet. The two secondary bedrooms upstairs are good size and share a large Jack and Jill bathroom. Summit Park offers a resort like pool, spa and clubhouse/exercise room and is always beautifully manicured. Located within walking distance to award winning Running Springs Elementary School and some of the best shops, restaurants and entertainment venues in all of Southern California. 8401 Durango is truly a house that you will love to call your home!

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
Running Springs Elementary School Primary Regular 695 26 8
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

Running Springs Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 26
8
GreatSchools Rating

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
 

$512,820$626,780$569,800

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,102
Property Tax -$544
Property Insurance -$57
HOA -$245
Property Management Fees -$125
CASH FLOW
-$523

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.

$569,800

PROJECTED PRICE

$2,550

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,747

INVESTMENT

$156,747

Down Payment
$142,450
Rehab Estimate
$5,750
Closing Costs
$8,547

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,102

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,450
Loan Amount $427,350
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $2,547

    COMP ESTIMATED VALUE
  • $2.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,5503$2,9004$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 8401 E Durango Way Anaheim Hills, CA 2
    • 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $2.04
    •  
  • 6221 Hartford Road Yorba Linda, CA 1
    • 3 beds 1 baths ∙ 1,082 Sqft ∙ Built 1985 3 beds 1 baths ∙ 1,082 Sqft ∙ Built 1985
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $2.08
    •  
  • 7783 E Portofino Avenue Anaheim Hills, CA 3
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1996
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.13
    •  
  • 7935 E Acorn Court Anaheim Hills, CA 4
    • 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1996
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.95
    •  
  • 7967 E Bauer Road Anaheim Hills, CA 5
    • 4 beds 2 baths ∙ 1,510 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,510 Sqft ∙ Built 1985
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.99
    •  
PROPERTY LISTING DETAILS
Clayton Kilbarger
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20237995
Last Updated: 11/12/2020
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