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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $445.00
- 7 Days on Market
- MLS # : PW21001044
- Updated Date : 01/09/2021 at 15:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,200 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Plus
Listing Agent's Description
This stunning corner lot located on the 11th tee at Alta Vista Country Club is one of the prettiest landscaped homes in the tract with palm trees and greenery abound. Newly painted this move in ready two story home features 2265 square feet of living space, four bedrooms, two and a half baths. Lights switches with dimers, Main level boasts a beautiful open floor plan perfect for entertaining. Family room has custom cabinets and fireplace mantel, Bose sound system and speakers, ceiling fan and a gas fireplace. Fabulous kitchen has designer granite counter top with full granite back splash, walk in pantry, with brand new Microwave and views of the golf course. Newer laminated wood flooring. The split Master has stunning view of golf course and features a built in cabinet for flat screen TV and storage, soaking tub with separate shower, dual sinks with plenty of counter space and walk in closet. Relax while listening to the wall water feature and watching the golfers tee off next to this pretty custom backyard with grassy area for kids to play and plenty of room for entertaining at the built in BBQ with refrigerator. Front door is South Facing. Per Owner, property is 2000 sqft. Per assessor and legal, property is 2065 sqft. Buyer and Buyer's agent can verify all information deemed reliable but not guaranteed by Seller or its agent.
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MARKET HIGHLIGHTS
- 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)
- 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.
PRICE & RENT TRENDS
Zip Code: 92870
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92870
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,460 |
| EXPENSES | Loan Payment | -$3,400 |
| Property Tax | -$971 | |
| Property Insurance | -$82 | |
| HOA | -$50 | |
| Property Management Fees | -$170 | |
|
CASH FLOW
-$1,213
|
||
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.
$979,000
PROJECTED PRICE
$3,460
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$265,185
LOAN DETAILS
$3,400
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $244,750 |
| Loan Amount | $734,250 |
0.33
YEARS SAVED
$873
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,460
LIST RENT -
$1.53
LIST RENT PER SQFT
-
$3,505
COMP ESTIMATED VALUE -
$1.55
COMP AVG. RENT PER SQFT
Comps Range
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300 Adella Lane Placentia, CA 1
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LEASED 09/08/20- Rent
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- $3,250
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- 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2011
LEASED 08/15/19- Rent
- Rent Per SQFT
- $3,300
- $1.62
-
5545 Greenwich Circle Yorba Linda, CA 4
- 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 1983
LEASED 12/14/20- Rent
- Rent Per SQFT
- $3,500
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-
914 Pebble Beach Place Placentia, CA 5
- 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2000
LEASED 09/29/20- Rent
- Rent Per SQFT
- $3,500
- $1.51
PROPERTY LISTING DETAILS
Realty Plus
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21001044
Last Updated: 01/09/2021
