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963 S Silver Star Way Anaheim Hills, CA 92808

4 Beds 2 Baths 2,150 sqft Built 1992

$839,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $390.23
  • 5 Days on Market
  • MLS # : OC20257891
  • Updated Date : 12/25/2020 at 09:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,150 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Here's your new home in the lovely Anaheim Hills! The open, airy feel of this home will make staying home easy. Appointed with wood laminate floors in the living areas and easy-care tile floors in the kitchen and baths it's ready for your custom decorating. The well-proportioned space offers room for post- COVID gatherings with friends and family or just cozy nights huddled around the family room fireplace. The downstairs office could be the perfect classroom, a fifth bedroom or den with a convenient 3/4 bath adjacent. The kitchen has granite counters, stainless appliances and a nook for a quick breakfast, snack, or coffee break! It opens to the family room with fireplace. There's easy slider access to your private backyard with a covered patio. Upstairs you'll find three secondary bedrooms, two share a jack&jill full bath with dual sinks. Fill your private owners suite with your king sized bed and furnishings! Situated opposite the secondary bedrooms it has high, cathedral ceilings and full en-suite bath with a separate shower and soaking tub. There's also a walk-in closet with organizers. Upstairs comes with warm, sound muffling carpet. The full size laundry closet has both gas or 220v dryer connections. The 2 car garage has direct access to the home. The furnace, AC, and water heater are all newer within the last 3 years! Located within highly regarded schools! Enjoy all the parks and hiking trails Anaheim Hills has to offer! Don't wait! This one will go fast!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: The Summit of Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $230k922k

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

Neighborhood: The Summit of Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2160018002000220024002600280030003200340036003800Rent in $15963818

* 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
Running Springs Elementary School Primary Regular 695 26 8
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

Running Springs Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 26
8
GreatSchools Rating

El Rancho Charter School

  • Education Level: Middle
  • # of students: 1,186
  • # of teachers: 41
9
GreatSchools Rating

Canyon High School

  • Education Level: High
  • # of students: 2,338
  • # of teachers: 86
9
GreatSchools Rating
 

$755,100$922,900$839,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$3,096
Property Tax -$801
Property Insurance -$79
HOA -$100
Property Management Fees -$168
CASH FLOW
-$813

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.

$839,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$228,085

INVESTMENT

$228,085

Down Payment
$209,750
Rehab Estimate
$5,750
Closing Costs
$12,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,096

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $209,750
Loan Amount $629,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $3,612

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4303$3,5004$3,5505$3,700
$3,700
RENT COMPS ANALYSIS
  • 963 S Silver Star Way Anaheim Hills, CA 2
    • 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $1.60
    •  
  • 943 S Lone Pine Lane Anaheim Hills, CA 1
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 1990
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.62
    •  
  • 1257 S Silver Star Way Anaheim Hills, CA 3
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1992
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.75
    •  
  • 8852 E Crestview Lane Anaheim Hills, CA 4
    • 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1998
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.58
    •  
  • 744 S Morningstar Drive Anaheim Hills, CA 5
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1991
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.77
    •  
PROPERTY LISTING DETAILS
April Armendariz
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20257891
Last Updated: 12/25/2020
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