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9629 Pauline Drive Cypress, CA 90630

3 Beds 1 Baths 1,535 sqft Built 1966

$860,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $560.26
  • 9 Days on Market
  • MLS # : PW21109221
  • Updated Date : 07/12/2021 at 08:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,535 sqft
  • Baths : 1 full
Listing Agent

Lugo Brothers Re

Listing Agent's Description

Welcome to your new dream home! This tastefully updated Larwin Park turnkey home has been fully upgraded and offers 3 bedrooms, 2 bathrooms, 1,535 square feet of living space, and sits on a 7,192 square foot lot. The moment you walk in you’re greeted with the kitchen which just had its cabinets professionally refinished and painted, stainless steel appliances, and new luxury vinyl flooring throughout the home. Through the dining area/living room you’ll find a fully permitted bonus room with ample entertainment space. Walk down the hallway and you'll find 2 bedrooms, the full guest bathroom, and lastly, you'll find the master bedroom and newly renovated master bath. Walk through the brand new oversized dual pane slider and you’ll find the extra large backyard with plenty of space for pets to run around, add a pool or addition, host summer BBQs, and entertain your guests. Bonuses include all new full exterior and interior paint, brand new HVAC system, new landscaping in front and back yard, and 6 camera surveillance system! This home has been meticulously maintained by owners and is ready for you to move in. Home is walking distance to Cypress High School, Cypress College, elementary school and is just minutes from nearby shopping and all major highways. Don’t miss out!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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]

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
Lexington Junior High School Middle Regular 1,275 44 8
Cypress High School High Regular 2,737 92 9
Lexington Junior High School Middle Unknown NA

Lexington Junior High School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 44
8
GreatSchools Rating

Cypress High School

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

Lexington Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$774,000$946,000$860,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,987
Property Tax -$882
Property Insurance -$64
Property Management Fees -$150
CASH FLOW
-$1,024

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.

$860,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.36%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$233,650

INVESTMENT

$233,650

Down Payment
$215,000
Rehab Estimate
$5,750
Closing Costs
$12,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,987

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $215,000
Loan Amount $645,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,127

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $3,266

    COMP ESTIMATED VALUE
  • $2.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,990
1$2,9902$3,0003$3,0004$3,0605$3,100
$3,100
RENT COMPS ANALYSIS
  • 9629 Pauline Drive Cypress, CA 4
    • 3 beds 1 baths ∙ 1,535 Sqft ∙ Built 1966 3 beds 1 baths ∙ 1,535 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.99
    •  
  • 9767 Graham Street Cypress, CA 1
    • 3 beds 1 baths ∙ 1,576 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,576 Sqft ∙ Built 1967
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.90
    •  
  • 3348 W Faircrest Drive Anaheim, CA 2
    • 3 beds 1 baths ∙ 1,352 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,352 Sqft ∙ Built 1956
    property image
    LEASED 06/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.22
    •  
  • 5426 Villa Way Cypress, CA 3
    • 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 1974
    property image
    LEASED 06/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.18
    •  
  • 5373 Oxford Drive Cypress, CA 5
    • 3 beds 1 baths ∙ 1,403 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,403 Sqft ∙ Built 1968
    property image
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.21
    •  
PROPERTY LISTING DETAILS
Kenneth Lugo
Lugo Brothers Re
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21109221
Last Updated: 07/12/2021
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