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967 S Hanlon Way Anaheim Hills, CA 92808

4 Beds 3 Baths 2,125 sqft Built 1994

$925,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $435.29
  • 3 Days on Market
  • MLS # : PW21029771
  • Updated Date : 02/12/2021 at 15:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,125 sqft
  • Baths : 3 full
Listing Agent

Pridemark Real Estate

Listing Agent's Description

Gorgeously Remodeled Mediterranean home nestled in the lovely Vintage Horizons community of Anaheim Hills! This 4 bedroom, 3 bath, 3 car attached garage offers: *Beautifully Well Manicured Front Lawn & Entry* Charming Covered Front Porch Area * Over 2,100 Sq Ft of Living Space * Dramatic Soaring 20' Ceilings in Entry, Living and Formal Dining Room* Sought-After Downstairs Main-floor Private Bedroom * Downstairs Remodeled Full Bathroom* Tile (Distressed Wood look) & Plush Newer Carpeting Flooring Throughout Home * Designer Interior Paint* Open Remodeled Kitchen features Granite Counters and New Dark Wood Cabinetry* Open Family Room offers Fireplace, Surround Sound, & Recessed Lighting* Large Master Suite offers Cathedral Ceilings and View* Beautifully Remodeled Master Bathroom with Separate Tub, Shower, Dual Sink Vanity, & Large Walk-in Closet with Organizers** Two Additional Upstairs Bedrooms are Very Spacious and Share a Full Remodeled Bathroom* Newer Upgraded AC system * New Exterior Paint* Inside Individual Laundry Room* Big 3-Car Attached Garage * Awesome, Large & Private, Well Landscaped Backyard with Plenty of Room to Entertain or Add A Pool!!! This wont last!!

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: 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
El Rancho Charter School Middle Charter 1,186 41 9
Canyon High School High Regular 2,338 86 9

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
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,213
Property Tax -$883
Property Insurance -$78
HOA -$100
Property Management Fees -$175
CASH FLOW
-$879

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.

$925,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.39%

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$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,716

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $3,607

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,4004$3,5005$3,570
$3,570
RENT COMPS ANALYSIS
  • 967 S Hanlon Way Anaheim Hills, CA 5
    • 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $1.68
    •  
  • 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
    •  
  • 8622 E Windsong Drive Anaheim Hills, CA 2
    • 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 1992
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.70
    •  
  • 933 S Lone Pine Lane Anaheim Hills, CA 3
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 1990
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.72
    •  
  • 1257 S Silver Star Way Anaheim Hills, CA 4
    • 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
    •  
PROPERTY LISTING DETAILS
Todd Hennigar
Pridemark Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21029771
Last Updated: 02/12/2021
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