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1001 Maertzweiler Drive Placentia, CA 92870

4 Beds 3 Baths 2,200 sqft Built 2002

$979,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
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.

SEE MORE

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

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

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

Zip Code: 92870

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200Rent in $18443345

* 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
Tynes Elementary School Primary Magnet 824 30 7
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Tynes Elementary School

  • Education Level: Primary
  • # of students: 824
  • # of teachers: 30
7
GreatSchools Rating

Kraemer Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 38
7
GreatSchools Rating

Valencia High School

  • Education Level: High
  • # of students: 2,740
  • # of teachers: 100
9
GreatSchools Rating
 

$881,100$1,076,900$979,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$265,185

INVESTMENT

$265,185

Down Payment
$244,750
Rehab Estimate
$5,750
Closing Costs
$14,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,400

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $244,750
Loan Amount $734,250
See What Happens When You Reinvest Cash Flow

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
$3,250
1$3,2502$3,3003$3,4604$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1001 Maertzweiler Drive Placentia, CA 3
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $1.53
    •  
  • 300 Adella Lane Placentia, CA 1
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.51
    •  
  • 317 N Thomann Drive Placentia, CA 2
    • 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
    • $1.55
    •  
  • 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
Aleem Bilwani
Realty Plus
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21001044
Last Updated: 01/09/2021
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