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879 E Cameron Court Brea, CA 92821

4 Beds 3 Baths 2,398 sqft Built 1987

$899,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $374.90
  • 2 Days on Market
  • MLS # : DW21005002
  • Updated Date : 01/09/2021 at 18:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,398 sqft
  • Baths : 3 full
Listing Agent

Re/max Dynasty

Listing Agent's Description

Stunning JM Peters Home Located On a Quiet Cul De Sac with lots of privacy in the well sought after Village at Brea Summit! With four bedrooms, three bathrooms, and approximately 2,398 square feet of living space, this home is an absolute must-see. Upon entering, you immediately notice the open floor plan concept, high ceilings, and upgrades throughout. Kitchen highlights include stainless steel appliances, recessed lighting, wood cabinetry, plenty of counter space and cabinets. The floor plan is spacious with an intuitive design and flow from room-to-room. This home features a downstairs bedroom/bathroom with the remaining bedrooms being on the second level. Up the beautiful stairway, a long hallway connects the master suite to the secondary bedrooms. The master suite has large windows offering a stunning view and private patio. The master bathroom features dual sink vanities, a sunken tub, glass shower, and dual walk-in closets. Some additional highlights include plantation shutters, recessed lighting, an open floor plan, and more! The exterior of the home is immaculate! A stunning water fountain can be found through the private gate as you enter the home leading to the beautifully landscaped backyard with a patio and beautiful views of the hillside!

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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

Zip Code: 92821

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92821

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18443345

* 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
William E. Fanning Elementary School Primary Regular 465 16 9
William E. Fanning Elementary School Middle Regular 465 16 9
Brea-olinda High School High Regular 1,895 68 9

William E. Fanning Elementary School

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 16
9
GreatSchools Rating

William E. Fanning Elementary School

  • Education Level: Middle
  • # of students: 465
  • # of teachers: 16
9
GreatSchools Rating

Brea-olinda High School

  • Education Level: High
  • # of students: 1,895
  • # of teachers: 68
9
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$3,123
Property Tax -$864
Property Insurance -$85
HOA -$307
Property Management Fees -$172
CASH FLOW
-$1,050

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$899,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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-$20k-$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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,140

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $3,693

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3953$3,5004$3,6005$3,650
$3,650
RENT COMPS ANALYSIS
  • 879 E Cameron Court Brea, CA 3
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.46
    •  
  • 130 Cool Oak Way Brea, CA 1
    • 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1985
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.53
    •  
  • 282 Heathcliff Place Brea, CA 2
    • 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,077 Sqft ∙ Built 1982
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.63
    •  
  • 1353 Robert Court Brea, CA 4
    • 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 1989
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.52
    •  
  • 2134 Deer Springs Lane Brea, CA 5
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1985
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.48
    •  
PROPERTY LISTING DETAILS
Patricia Gutierrez
Re/max Dynasty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21005002
Last Updated: 01/09/2021
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