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849 S Norse Circle Anaheim, CA 92806

4 Beds 2 Baths 1,909 sqft Built 1966

$819,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $429.02
  • 2 Days on Market
  • MLS # : PW21047065
  • Updated Date : 03/06/2021 at 06:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Fantastic Cul-De-Sac home located in a quiet neighborhood of East Anaheim. This home features 4 large bedrooms and 2 full bathrooms. Open space living and dining room with cozy fireplace and sliding glass door to the patio. Kitchen with maple cabinets and granite countertops. Large master bedroom with ample closet space. All new double pan windows, new AC and new upgraded electrical panel. Relax and beautiful large backyard for entertainment. Second water line was installed ready for ADU addition. Three car attached garage. Close to Disneyland, shopping , schools and Angel's. Welcome Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: East Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: East Anaheim

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
South Junior High School Middle Regular 1,558 67 2
Katella High School High Regular 2,692 92 4
South Junior High School Middle Unknown NA

South Junior High School

  • Education Level: Middle
  • # of students: 1,558
  • # of teachers: 67
2
GreatSchools Rating

Katella High School

  • Education Level: High
  • # of students: 2,692
  • # of teachers: 92
4
GreatSchools Rating

South Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$737,100$900,900$819,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,845
Property Tax -$842
Property Insurance -$73
Property Management Fees -$145
CASH FLOW
-$954

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.

$819,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 7.1%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$222,785

INVESTMENT

$222,785

Down Payment
$204,750
Rehab Estimate
$5,750
Closing Costs
$12,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,845

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $204,750
Loan Amount $614,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $3,164

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8503$2,9504$3,0005$3,350
$3,350
RENT COMPS ANALYSIS
  • 849 S Norse Circle Anaheim, CA 3
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.55
    •  
  • 938 S Pearwood Lane Anaheim, CA 1
    • 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,799 Sqft ∙ Built 1973
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.50
    •  
  • 2229 E Vermont Avenue Anaheim, CA 2
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1972
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.58
    •  
  • 879 S Wayside Street Anaheim, CA 4
    • 4 beds 1 baths ∙ 1,639 Sqft ∙ Built 1959 4 beds 1 baths ∙ 1,639 Sqft ∙ Built 1959
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.83
    •  
  • 2530 E Elsiena Way Anaheim, CA 5
    • 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1974
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.72
    •  
PROPERTY LISTING DETAILS
Julie Nguyen
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21047065
Last Updated: 03/06/2021
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