Money Doesn’t Grow on Trees
No, money does not grow on trees, but it can be grown in your pocket if you play your cards right. You’re going into real estate investing with the aim of making money in real estate. You’re hungry for the investment property deals, starving for the rental income that comes with them, and suited up for the risks that come.
The Anaheim real estate market can be considered one of the hottest U.S. real estate markets to invest in this year. Why? Mashvisor says so. No, really. We have set up a nice list of the top 6 neighborhoods to invest in the Anaheim real estate market, all based on our projected numbers.
We always talk about crunching the numbers, and we want to show them to you! Here, we present to you the top 6 neighborhoods to invest in for traditional rental income in 2018’s Anaheim real estate market!
Mashvisor Definitions: Words to the Numbers
Before we dive into the numbers themselves, let’s go over what rental income and the rest of the real estate analytics we’re going to mention actually mean.
Anaheim Real Estate, Tell Us About Yourself
Real estate investor, we want to introduce you to our good friend, Anaheim real estate. We always stress the idea of getting to know the real estate market you own a rental property in, so let’s do that right now. Here is a little introduction to life in Anaheim, California, and why the real estate business is booming.
With the help of Trulia.com, we give you a quick overview of the Anaheim, CA area. To keep this going smoothly, we went ahead and put the stats in a bullet list:
- Real estate market trends in Anaheim show a 6% year-over-year rise in median sales price
- There is a 2% rise in median rent per month
- 20% are single residents
- 52% are homeowners
- The median age of Anaheim, CA residents is 32
- The median income is $56,558
To Invest or Not to Invest in Anaheim Real Estate
If you’re still wondering why you should invest in Anaheim real estate, here are a couple of reasons why:
One of The Real Estate Markets on The Rise
Located just outside of LA, Anaheim is one of the most popular cities in Orange County. It doesn’t just stop there. Anaheim is the 10th most popular city in California. How popular? 336,000 residents popular. Yes, a lot.
Home Prices are Relatively Low
The prices of real estate investment properties are amongst the lowest in comparison to other cities in the county. We won’t neglect the fact, however, that Anaheim housing costs are among the highest in the United States. You win some, you lose some.
Economy Going Strong
Anaheim, CA has one of the strongest economies thanks to the job growth and low unemployment rate. It’s been a trend in real estate for cities to be a hot spot if the unemployment rates are low. We’re not surprised.
Being able to live in an area with a good amount of job opportunity is an attractive trait that is looked for by many potential residents. It’s agreeable that if your potential happy tenants have stable income coming through, you too will have a stable rental income knocking on your doors.
Tourism is Hot, Hot, Hot
Tourism in Anaheim is considered the backbone of the city. This California city is home to Mickey and Minnie Mouse in Disneyland, along with California Adventure Park.
These two attractions are considered two of the most popular theme parks in the country. In 2017 alone, Anaheim played vacation home to 24.2 million visitors. That counts the 5th time it’s broken the records!
Speaking of low unemployment and Disneyland, the theme park is actually the city’s leading employer. The attraction annually contributes $4.7 billion to the local economy while employing roughly 28,000 workers.
Now for What You’ve All Been Waiting For
We now present to you the top 6 neighborhoods to invest in Anaheim real estate, based on traditional rental income:
Number 6 to Invest in Anaheim Real Estate-Platinum Triangle, Anaheim, CA
Occupancy Rate: 64.16 %
Traditional Rental Income: $1.987
CoC Return: 2.63%
Median House Price: $369,000
Number 5 to Invest in Anaheim Real Estate-Southwest Anaheim, Anaheim, CA
Occupancy Rate: 66.76%
Traditional Rental Income: $2,408
CoC Return: 1.97%
Median House Price: $586,500
Number 4 to Invest in Anaheim Real Estate-The Colony, Anaheim, CA
Occupancy Rate: 62.15%
Traditional Rental Income: $2,470
CoC Return: 1.69%
Median House Price: $544,900
Number 3 to Invest in Anaheim Real Estate-Anaheim Resort, Anaheim, CA
Occupancy Rate: 65%
Traditional Rental Income: $2,493
CoC Return: 1.89%
Median House Price: $469,900
Number 2 to Invest in Anaheim Real Estate-West Anaheim, Anaheim, CA
Traditional Rental Income: $2,639
CoC Return: 2.22%
Median House Price: $580,000
Number 1 to Invest in Anaheim Real Estate-Southeast Anaheim, Anaheim, CA
Occupancy Rate: 63.87%
Traditional Rental Income: $2,806
CoC Return: 2.17%
Median House Price: $599,000
There You Have It
We broke down Anaheim real estate to the little bits and pieces it consisted of. Thanks to Mashvisor analytics, we were able to provide you with this list of the best places to invest in Anaheim, CA, all the way down to the neighborhood.
However, Mashvisor real estate analytics don’t just stop there. You are able to check out almost any state, city, or neighborhood in the U.S.
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.
Other tools like a rental property calculator, also come in handy on your path of making money in real estate. Guess what? We can also give you that, along with a number of other real estate investing tools.
Real estate investing has got a good amount of money out there to be made. Taking the traditional real estate investment strategy can open up a number of doors to you as a real estate investor.
One of which being able to invest in the sunny city of Anaheim. Anaheim real estate already welcomes millions of visitors, one more real estate investor wouldn’t hurt anybody. Go, go, go!