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981 Amanda Lane La Habra, CA 90631

3 Beds 2 Baths 1,697 sqft Built 1955

$770,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $453.74
  • 4 Days on Market
  • MLS # : PW21001157
  • Updated Date : 03/05/2021 at 13:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,697 sqft
  • Baths : 2 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Welcome to this immaculate La Habra home just north of Whittier Blvd. Home offers 3 bedrooms, 2 bathrooms, with just under 1700 sq ft, sitting on a flat lot of 7500 sq ft. Upon entering you will notice the light and bright living room with a brick fireplace, and a dining area. The kitchen features white cabinets, granite countertops and stainless steel appliances, and a breakfast nook. The kitchen opens up to the family room which is perfect for entertaining. Large master bedroom with ensuite and access to the backyard. The backyard features a covered patio to enjoy all year long. Other amenities include recessed lighting, plantation shutters, original hardwood floors, central AC/ heat, inside laundry, and an expansive driveway with potential RV/boat parking to name a few. Come see this home before it’s gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Zip Code: 90631

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $217k742k

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

Zip Code: 90631

ZipNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200Rent in $17143345

* 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
Walnut Elementary School Primary Regular 559 20 3
Imperial Middle School Middle Regular 825 32 3
La Habra High School High Magnet 2,230 73 7

Walnut Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 20
3
GreatSchools Rating

Imperial Middle School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 32
3
GreatSchools Rating

La Habra High School

  • Education Level: High
  • # of students: 2,230
  • # of teachers: 73
7
GreatSchools Rating
 

$693,000$847,000$770,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,675
Property Tax -$794
Property Insurance -$68
Property Management Fees -$142
CASH FLOW
-$778

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.

$770,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$209,800

INVESTMENT

$209,800

Down Payment
$192,500
Rehab Estimate
$5,750
Closing Costs
$11,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,500
Loan Amount $577,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.71

    LIST RENT PER SQFT
  • $3,122

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8503$2,9004$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 981 Amanda Lane La Habra, CA 3
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.71
    •  
  • 561 N Colfax Street La Habra, CA 1
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1955
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.87
    •  
  • 431 Sonora Place La Habra, CA 2
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1957 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1957
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.88
    •  
  • 860 Country Lane La Habra, CA 4
    • 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1960
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.71
    •  
  • 641 Linden Lane La Habra, CA 5
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1960
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.90
    •  
PROPERTY LISTING DETAILS
Ray Fernandez
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21001157
Last Updated: 03/05/2021
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