Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
11730 Cozumel Street 
Garden Grove, CA
90630
4 Beds 3 Baths 2,136 sqft
Built 1973
INVESTimate
$789,000
List Price
$214,835
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1973
- Price/Sqft : $369.38
- 3 Days on Market
- MLS # : SW20173420
- Updated Date : 08/25/2020 at 10:06
CONSTRUCTION
- Beds : 4
- Floor Size : 2,136 sqft
- Baths : 3 full
Listing Agent
Signature Real Estate Group
Listing Agent's Description
Welcome to 11730 Cozumel Street, a beautiful home located in the highly desirable community of Cypress/Garden Grove. This is the only home on the market that offers an open floor plan with 4 bedrooms, 3 bathrooms with a large open lot at the end of the cul-de-sac. The kitchen features tile counters, recent paint, and laminate flooring that flows seamlessly throughout the dining room and living room. Brand new carpet installed last year along with the interior repainted. Downstairs includes a covered patio for the backyard, a downstairs office with a closet that can be used as a bedroom. The second level is where you will find the master suite, two more bedrooms, and a cozy loft.. Additional features include direct access 2-car garage, newer water heater, along with a shed on the property. Plenty of space to put a pool along with built in patio cover makes 11730 Cozumel Street the ultimate property for hosting family gatherings, and an amazing property to add to your investment portfolio. Conveniently located across the street from the Cypress Navy golf course, convenience stores, local well maintained parks, and award-winning Pacifica High School. Located 10 minutes from Knotts Berry farm, 15 minutes from DisneyLand, and 20 minutes from Seal Beach. This will not last!
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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
- As part of Southern California area, Orange County market inherits all the benefits from the area.
- 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)
PRICE & RENT TRENDS
Neighborhood: Cypress
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cypress
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,930 |
| EXPENSES | Loan Payment | -$2,911 |
| Property Tax | -$796 | |
| Property Insurance | -$79 | |
| Property Management Fees | -$144 | |
|
CASH FLOW
-$1,000
|
||
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.
$789,000
PROJECTED PRICE
$2,930
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 6.29% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$214,835
LOAN DETAILS
$2,911
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $197,250 |
| Loan Amount | $591,750 |
0.42
YEARS SAVED
$1,273
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,930
LIST RENT -
$1.37
LIST RENT PER SQFT
-
$3,071
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
-
11730 Cozumel Street Garden Grove, 2
- 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $2,930
- $1.37
-
6201 Santa Rita Avenue Garden Grove, 1
- 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1960
LEASED 11/14/19- Rent
- Rent Per SQFT
- $2,700
- $1.35
-
11601 Luzon Street Cypress, 3
- 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,250 Sqft ∙ Built 1970
LEASED 04/02/20- Rent
- Rent Per SQFT
- $3,150
- $1.40
-
11573 Manila Drive Cypress, 4
- 5 beds 2 baths ∙ 2,263 Sqft ∙ Built 1969 5 beds 2 baths ∙ 2,263 Sqft ∙ Built 1969
LEASED 09/23/19- Rent
- Rent Per SQFT
- $3,250
- $1.44
-
6188 Palau Street Cypress, 5
- 5 beds 3 baths ∙ 2,297 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,297 Sqft ∙ Built 1971
LEASED 09/28/19- Rent
- Rent Per SQFT
- $3,575
- $1.56
PROPERTY LISTING DETAILS
Signature Real Estate Group
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20173420
Last Updated: 08/25/2020
