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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $392.59
- 3 Days on Market
- MLS # : IV20259936
- Updated Date : 12/18/2020 at 15:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,509 sqft
- Baths : 3 full
Listing Agent
Redfin
Listing Agent's Description
Entertainer's dream home located in the desirable Eastridge Estates on a cul-de-sac in beautiful Anaheim Hills! This turn-key home features a spacious floorplan, with new bamboo hardwood flooring, a new HVAC with Nest technology, OWNED Solar System (conveys free and clear to buyer), recessed LED lighting, and updates throughout! The formal living room with fireplace and cathedral ceilings opens to the dining room. The kitchen features white cabinetry with lots of storage space, granite countertops, a huge center island, stainless steel appliances, and opens to the family room. There is 1 bedroom and bathroom on the first floor, and 3 bedrooms on the 2nd floor. The huge primary suite has a private balcony and a large private ensuite with a walk-in closet, and custom tiling in the shower. Enjoy the private backyard with top of the line patio cover and equipped with an outdoor kitchen with 13ft granite buffet counter and cabinetry with lighting, a mounted tv, built-in heaters, and a ceiling fan - making for the perfect space for hosting! The backyard also has high end stamped concrete, an abundance of fruit trees including peaches, plums, sugar cane, mango, lemon trees, as well as a garden including herbs, chili peppers, tomatoes, and dragon fruit! There is a 3 car attached garage with a new Smart garage door (Chamberlain MyQ) with built-in cameras. This home is conveniently located near top-rated schools, shopping, dining, parks, and more!
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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: Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,810 |
| EXPENSES | Loan Payment | -$3,634 |
| Property Tax | -$952 | |
| Property Insurance | -$88 | |
| HOA | -$75 | |
| Property Management Fees | -$187 | |
|
CASH FLOW
-$1,125
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$985,000
PROJECTED PRICE
$3,810
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| 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
$266,775
LOAN DETAILS
$3,634
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $246,250 |
| Loan Amount | $738,750 |
0.67
YEARS SAVED
$2,999
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,810
LIST RENT -
$1.52
LIST RENT PER SQFT
-
$3,789
COMP ESTIMATED VALUE -
$1.51
COMP AVG. RENT PER SQFT
Comps Range
-
930 S Champlain Circle Anaheim Hills, CA 4
- 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $3,810
- $1.52
-
6563 E Paseo El Greco Anaheim Hills, CA 1
- 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1974
LEASED 11/12/20- Rent
- Rent Per SQFT
- $3,500
- $1.51
-
990 S Calle Venado Anaheim Hills, CA 2
- 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1976
LEASED 02/23/20- Rent
- Rent Per SQFT
- $3,650
- $1.55
-
1081 S Burlwood Drive Anaheim Hills, CA 3
- 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1977
LEASED 01/11/20- Rent
- Rent Per SQFT
- $3,700
- $1.43
-
7031 E Columbus Drive Anaheim Hills, CA 5
- 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1976
LEASED 09/15/20- Rent
- Rent Per SQFT
- $4,000
- $1.55
PROPERTY LISTING DETAILS
Redfin
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20259936
Last Updated: 12/18/2020
