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9411 Thistle Road Anaheim, CA 92804

4 Beds 2 Baths 2,041 sqft Built 1958

$750,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $367.47
  • 7 Days on Market
  • MLS # : PW20231574
  • Updated Date : 02/01/2021 at 19:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,041 sqft
  • Baths : 2 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Single story, well-loved home, sitting on a large corner lot in a quiet neighborhood. The huge front yard with a picturesque tree, adds to the story-book feel of this home, recently freshened by new exterior paint. Upon entering you will see the newly finished original hardwood flooring, in beautiful rich tones, that flows through most of the home. A shared wood and gas burning fireplace separates the formal living area, from the family room area, highlighted by fresh new paint and the beautifully re-finished, and newly installed hardwood flooring. New interior paint and large picture windows make the formal living room bright and airy. The living room then flows into the kitchen area with a brand new stove and breakfast bar opening to the family room, and large sun room beyond, accessed by both the front driveway and the charming back yard. A hallway wet-bar hosts room for a wine frig and sits across from the full bathroom. The Master bedroom/bathroom is generous in space, with three additional and spacious secondary bedrooms all with ceiling fans. The back yard hosts a covered patio area, several fruit trees and a spacious shed. The detached two car garage holds the laundry room area and plenty of storage. No HOA or Mello Roos.

SEE MORE

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: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $212k742k

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

Neighborhood: West Anaheim

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200Rent in $15413345

* 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
Dale Junior High School Middle Regular 1,180 48 3
Magnolia High School High Regular 1,813 73 3

Dale Junior High School

  • Education Level: Middle
  • # of students: 1,180
  • # of teachers: 48
3
GreatSchools Rating

Magnolia High School

  • Education Level: High
  • # of students: 1,813
  • # of teachers: 73
3
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$2,605
Property Tax -$727
Property Insurance -$76
Property Management Fees -$163
CASH FLOW
-$251

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$750,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.42%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.35%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$35,614

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,623

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,2003$3,3004$3,3205$3,950
$3,950
RENT COMPS ANALYSIS
  • 9411 Thistle Road Anaheim, CA 4
    • 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1958 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $1.63
    •  
  • 1508 W Tedmar Avenue Anaheim, CA 1
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1977
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.72
    •  
  • 9552 Orange Avenue Anaheim, CA 2
    • 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1978
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.73
    •  
  • 2128 W Chalet Avenue Anaheim, CA 3
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1969
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.68
    •  
  • 512 S Anthony Street Anaheim, CA 5
    • 5 beds 4 baths ∙ 2,005 Sqft ∙ Built 1964 5 beds 4 baths ∙ 2,005 Sqft ∙ Built 1964
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.97
    •  
PROPERTY LISTING DETAILS
Catherine Houston
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 #: PW20231574
Last Updated: 02/01/2021
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