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863 S Wayside Street Anaheim, CA 92805

4 Beds 2 Baths 1,803 sqft Built 1959

$774,900

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
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!

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: 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
Theodore Roosevelt Elementary School Primary Regular 598 24 5
Theodore Roosevelt Elementary School Middle Regular 598 24 5
Katella High School High Regular 2,692 92 4

Theodore Roosevelt Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 24
5
GreatSchools Rating

Theodore Roosevelt Elementary School

  • Education Level: Middle
  • # of students: 598
  • # of teachers: 24
5
GreatSchools Rating

Katella High School

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

$697,410$852,390$774,900

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

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

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,099

INVESTMENT

$211,099

Down Payment
$193,725
Rehab Estimate
$5,750
Closing Costs
$11,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,725
Loan Amount $581,175
See What Happens When You Reinvest Cash Flow

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
$2,800
1$2,8002$2,8503$2,8604$3,0005$3,050
$3,050
RENT COMPS ANALYSIS
  • 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
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.69
    •  
  • 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
    •  
  • 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
Allison Lozano
Regeneration Property Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20252211
Last Updated: 12/05/2020
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