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9681 Harle Avenue Anaheim, CA 92804

3 Beds 2 Baths 1,214 sqft Built 1956

$650,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $535.42
  • 5 Days on Market
  • MLS # : RS20242766
  • Updated Date : 11/20/2020 at 20:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,214 sqft
  • Baths : 2 full
Listing Agent

Your Home Team Real Estate

Listing Agent's Description

This beautiful Anaheim home has an open floor plan with lots of windows and natural light through out, 3 bedrooms 2 baths, remodeled kitchen with stainless steel appliances, Vaulted open beamed ceilings, central air, inside laundry room, newer windows, covered patio, coved jacuzzi, BBQ area, beautifully landscaped with lots of plants and trees, huge driveway with lots of parking.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
Dr. Jonas Salk Elementary School Primary Regular 849 33 7
Dr. Jonas Salk Elementary School Middle Regular 849 33 7
Magnolia High School High Regular 1,813 73 3

Dr. Jonas Salk Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 33
7
GreatSchools Rating

Dr. Jonas Salk Elementary School

  • Education Level: Middle
  • # of students: 849
  • # of teachers: 33
7
GreatSchools Rating

Magnolia High School

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

$585,000$715,000$650,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,398
Property Tax -$682
Property Insurance -$56
Property Management Fees -$120
CASH FLOW
-$807

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.

$650,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $2.02

    LIST RENT PER SQFT
  • $2,458

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,7004$2,7505$3,000
$3,000
RENT COMPS ANALYSIS
  • 9681 Harle Avenue Anaheim, CA 2
    • 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.02
    •  
  • 1250 S Brookhurst Street Anaheim, CA 1
    • 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1971
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.96
    •  
  • 9372 Melba Drive Garden Grove, CA 3
    • 4 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,471 Sqft ∙ Built 1955
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.84
    •  
  • 9971 Joyzelle Drive Garden Grove, CA 4
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1955
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.13
    •  
  • 9161 Rosanna Avenue Garden Grove, CA 5
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1955
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.17
    •  
PROPERTY LISTING DETAILS
Alvin Mullins
Your Home Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS20242766
Last Updated: 11/20/2020
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