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PROPERTY INFO
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.
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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: West Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Anaheim
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,500
LOAN DETAILS
$2,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
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
-
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
T.n.g. Real Estate Consultants
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20231574
Last Updated: 02/01/2021
