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9197 Christopher Street Cypress, CA 90630

3 Beds 2 Baths 1,653 sqft Built 1965

$794,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $480.34
  • 6 Days on Market
  • MLS # : PW20248048
  • Updated Date : 12/02/2020 at 14:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,653 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Coastal Alliance

Listing Agent's Description

Wonderful Cul-de-sac location in Cypress! Inviting courtyard and formal entryway welcome you home. Large living room with beautiful fireplace. Dining area and cozy family room. Garden view kitchen with new stainless steel appliances and a cozy breakfast bar. Screened in patio for outside dining and entertainment. Spacious main bedroom with walk-in closet. Direct garage access with new stainless steel washer, dryer and workbench. Evergreen Park, Cypress Community Center, tennis courts, shopping and dining all close by. Very close proximity to Cypress schools including Oxford Academy, the elementary school, middle school and high school.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Margaret Landell Elementary School Primary Regular 711 24 10
Margaret Landell Elementary School Middle Regular 711 24 10
Cypress High School High Regular 2,737 92 9

Margaret Landell Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 24
10
GreatSchools Rating

Margaret Landell Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 24
10
GreatSchools Rating

Cypress High School

  • Education Level: High
  • # of students: 2,737
  • # of teachers: 92
9
GreatSchools Rating
 

$714,600$873,400$794,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,930
Property Tax -$802
Property Insurance -$67
Property Management Fees -$150
CASH FLOW
-$879

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.

$794,000

PROJECTED PRICE

$3,070

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$216,160

INVESTMENT

$216,160

Down Payment
$198,500
Rehab Estimate
$5,750
Closing Costs
$11,910

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,930

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $198,500
Loan Amount $595,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $1.86

    LIST RENT PER SQFT
  • $3,079

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,0003$3,0004$3,0705$3,200
$3,200
RENT COMPS ANALYSIS
  • 9197 Christopher Street Cypress, CA 4
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $1.86
    •  
  • 5232 Evergreen Avenue Cypress, CA 1
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1965
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.78
    •  
  • 9465 Cambridge Street Cypress, CA 2
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1968
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
  • 4127 Cheshire Cypress, CA 3
    • 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 1966
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.79
    •  
  • 5033 Oxford Drive Cypress, CA 5
    • 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 1964
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.93
    •  
PROPERTY LISTING DETAILS
Ginette Skelton
Coldwell Banker Coastal Alliance
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20248048
Last Updated: 12/02/2020
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