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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $455.92
- 4 Days on Market
- MLS # : PW20202598
- Updated Date : 01/08/2021 at 22:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,250 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Ca Properties
Listing Agent's Description
Move-in-ready-for-you! In the relaxing Summit Park neighborhood in peaceful & secluded Anaheim Hills. Before you even go in the house, kick back on the front patio. It’s an outdoor living retreat just off the living room, accessible through the sliding glass door. Inside, take in the Travertine tile flooring, gas fireplace (with a perfect spot for the big screen!), high baseboards, and the bright natural light coming off the patio – comfy living! The open floor plan continues: kitchen & dining areas have direct access to the attached 2-car garage (safe and convenient!) with built-in overhead storage. Adorning the kitchen are granite counters, tile backsplash, deep stainless steel sink, recessed lighting, gas stove, built in microwave & dishwasher. Downstairs guest bath off the living room, up 3 steps. Master bedroom with mirrored wardrobe doors, cathedral ceiling, plantation shutters; master bath with dual sinks, recessed lighting, additional wardrobe. Two secondary bedrooms with high ceilings and plantation shutters are served by a full upstairs hall bath & convenient laundry closet for your stackable washer/dryer. Central heating & A/C with Nest thermometer. Nest doorbell and Nest smoke/CO detectors in 2 bedrooms. Sparkling association pool/spa, BBQ area, clubhouse, fitness room. Close to restaurants, parks, shopping, freeways and schools. Did we mention the schools? They are excellent at every level! Come see your next home!
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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
Neighborhood: The Summit of Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Summit of Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,600 |
| EXPENSES | Loan Payment | -$1,979 |
| Property Tax | -$544 | |
| Property Insurance | -$57 | |
| HOA | -$245 | |
| Property Management Fees | -$127 | |
|
CASH FLOW
-$353
|
||
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.
$569,900
PROJECTED PRICE
$2,600
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 4.4% |
| 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
$156,774
LOAN DETAILS
$1,979
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $142,475 |
| Loan Amount | $427,425 |
2.25
YEARS SAVED
$9,357
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,600
LIST RENT -
$2.08
LIST RENT PER SQFT
-
$2,591
COMP ESTIMATED VALUE -
$2.07
COMP AVG. RENT PER SQFT
Comps Range
-
939 S Pagossa Way Anaheim Hills, CA 3
- 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,250 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,600
- $2.08
-
6221 Hartford Road Yorba Linda, CA 1
- 3 beds 1 baths ∙ 1,082 Sqft ∙ Built 1985 3 beds 1 baths ∙ 1,082 Sqft ∙ Built 1985
LEASED 07/19/19- Rent
- Rent Per SQFT
- $2,250
- $2.08
-
1008 S Country Glen Way Anaheim Hills, CA 2
- 3 beds 3 baths ∙ 1,171 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,171 Sqft ∙ Built 1991
LEASED 01/05/21- Rent
- Rent Per SQFT
- $2,500
- $2.13
-
7783 E Portofino Avenue Anaheim Hills, CA 4
- 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1996
LEASED 09/16/20- Rent
- Rent Per SQFT
- $2,900
- $2.13
-
7935 E Acorn Court Anaheim Hills, CA 5
- 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 1996
LEASED 06/14/20- Rent
- Rent Per SQFT
- $2,950
- $1.95
PROPERTY LISTING DETAILS
Bhhs Ca Properties
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20202598
Last Updated: 01/08/2021
