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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $429.78
- 2 Days on Market
- MLS # : PW20252211
- Updated Date : 12/05/2020 at 16:17
CONSTRUCTION
- Beds : 4
- Floor Size : 1,803 sqft
- Baths : 2 full
Listing Agent
Regeneration Property Group
Listing Agent's Description
This bright, open and stunning home captures the true essence of what “home” is. You won’t want to miss this finely appointed 4-bedroom, 2-bath gorgeous pool home! The impressive curb appeal of this home sets the tone for true California fine-living. This bright and open beauty is flooded with tons of natural light. You will love this spectacular turnkey single-story spacious home, just move right in and enjoy! Step out to the beautiful well-maintained open backyard with green grass, an open patio and a sparkling pool that is ready to enjoy. This one is ideal for investors. You will absolutely love the open kitchen with tons of counter space, rich looking flooring, four spacious bedrooms and all of the room inside the home to entertain. This home is located in a well-established neighborhood. Enjoy the amazing schools, parks and shopping nearby. Do not miss out on this one!
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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: East Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,050 |
| EXPENSES | Loan Payment | -$2,859 |
| Property Tax | -$797 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$826
|
||
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.
$774,900
PROJECTED PRICE
$3,050
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$211,099
LOAN DETAILS
$2,859
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $193,725 |
| Loan Amount | $581,175 |
1.42
YEARS SAVED
$6,720
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,050
LIST RENT -
$1.69
LIST RENT PER SQFT
-
$3,016
COMP ESTIMATED VALUE -
$1.67
COMP AVG. RENT PER SQFT
Comps Range
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863 S Wayside Street Anaheim, CA 5
- 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1959
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- $3,050
- $1.69
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1002 S Mccloud Street Anaheim, CA 1
- 3 beds 1 baths ∙ 1,800 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,800 Sqft ∙ Built 1968
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,800
- $1.56
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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
-
1811 E Elm Street Anaheim, CA 3
- 3 beds 3 baths ∙ 1,661 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,661 Sqft ∙ Built 1953
LEASED 10/13/20- Rent
- Rent Per SQFT
- $2,860
- $1.72
-
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
PROPERTY LISTING DETAILS
Regeneration Property Group
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20252211
Last Updated: 12/05/2020
