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1051 Site Drive #102
Single Family Cash-flow positiveWithin your budget

1051 Site Drive #102

1051 Site Drive #102, Brea, CA

3 beds 2 baths 1,560 sqft

PRIME LOCATION!!! Welcome home to a grand curb appeal featuring a covered long-spacious driveway & large covered front porch in the highly sought after Crestmont Mobile Estates Community. Step inside to an easy-open floorpan with a large living room flaunting an elegant fireplace that expands into a dining area and gourmet kitchen. The kitchen features granite countertops, ample cabinetry, natural sky light, counter seating, modern appliances, stylish finishes, & much more! The perfect balance of natural lighting flows throughout the home providing an inviting and comfortable atmosphere. The primary suite features a generous sized walk in closet and private full bathroom. Two other bedrooms share a stunning full bathroom in the hallway. A convenient interior laundry area with washer and dryers complete the home. The private backyard is a serene atmosphere with a beautiful low maintenance landscaping wrapping around the home, making it perfect for relaxing or entertaining. Bonus storage sheds in the yard help with providing additional storage for many occasions. Residents can further enjoy amenities at the community clubhouse & swimming pool! 1051 Site Drive #102 is a short distance to popular local shopping plazas, groceries, fine dining options, local schools, parks, & much more! Easy access to the 57 freeways puts Downtown Los Angeles, Orange County, & the rest of Southern California within reach. Don’t miss this opportunity, & start your happiest chapter here!

List price

$275,000

Est. monthly rent

$2,800

DSCR1.31×

Lender minimum: 1.25×

Monthly cash flow

$453

Cash-on-cash return

6.59%

Down payment (25%)$68,750
Closing costs (5%)$13,750
Total cash needed$82,500
Loan amount (75%)$206,250
Monthly mortgage (7.50%, 30yr)$1,442
Annual property taxes$3,438
Insurance, vacancy, mgmt.$7,423
Net operating income (yr)$22,739
Gross yield12.22%

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