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8811 Walker Street Cypress, CA 90630

4 Beds 1 Baths 1,314 sqft Built 1958

$699,500

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $532.34
  • 4 Days on Market
  • MLS # : PW20254918
  • Updated Date : 12/11/2020 at 05:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,314 sqft
  • Baths : 1 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

This home has been recently remodeled with hardwood floors, and a spacious living room. Newer Kitchen cabinet doors, counters, sink, range, light fixtures, bath tub, toilets, tile, floor, interior doors, blinds, water heater, pipes, wall heater. Detached 2 car garage with long driveway. Great school district, within distant Knott Berry Farm, 5 minutes access to freeway for quick commute. Please call me for a private showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Neighborhood: Cypress

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18413345

* 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
Clara J. King Elementary School Primary Regular 585 21 6
Clara J. King Elementary School Middle Regular 585 21 6
John F. Kennedy High School High Regular 2,373 81 9

Clara J. King Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 21
6
GreatSchools Rating

Clara J. King Elementary School

  • Education Level: Middle
  • # of students: 585
  • # of teachers: 21
6
GreatSchools Rating

John F. Kennedy High School

  • Education Level: High
  • # of students: 2,373
  • # of teachers: 81
9
GreatSchools Rating
 

$629,550$769,450$699,500

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,581
Property Tax -$706
Property Insurance -$59
Property Management Fees -$135
CASH FLOW
-$731

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.

$699,500

PROJECTED PRICE

$2,750

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.3%
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

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$191,118

INVESTMENT

$191,118

Down Payment
$174,875
Rehab Estimate
$5,750
Closing Costs
$10,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,581

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,875
Loan Amount $524,625
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,812

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $2.09

    LIST RENT PER SQFT
  • $2,730

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,7504$2,7955$2,900
$2,900
RENT COMPS ANALYSIS
  • 8811 Walker Street Cypress, CA 3
    • 4 beds 1 baths ∙ 1,314 Sqft ∙ Built 1958 4 beds 1 baths ∙ 1,314 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.09
    •  
  • 5928 Los Alamos Street Buena Park, CA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1955
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.08
    •  
  • 5241 Salisbury Circle La Palma, CA 2
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1971
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.98
    •  
  • 5062 Cadiz Circle La Palma, CA 4
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1966
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $2.14
    •  
  • 8871 Belday Street Cypress, CA 5
    • 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1960
    property image
    LEASED 11/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.11
    •  
PROPERTY LISTING DETAILS
Tommy 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 #: PW20254918
Last Updated: 12/11/2020
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