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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $453.76
- 3 Days on Market
- MLS # : PW20251754
- Updated Date : 12/04/2020 at 15:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,730 sqft
- Baths : 2 full
Listing Agent
Pineda Realty
Listing Agent's Description
Won't Last!! Beautifully single level home located in highly-sought location and completely upgraded turn-key condition. This home offers the open floor concept, new neutral two tone interior paint through out and new panel interior doors. The spacious living room and separate dining area with gleaming engineered hardwood flooring, 3 inch base board and recessed lighting. Remodeled kitchen with new quartz countertops and backsplash, new gray accent tile flooring, new stainless steel oven, new exhaust fan, and new dishwasher, plus the gas cooktop. The master bedroom with mirror closet doors, leads to the remodeled bathroom with an oversized walk-in shower stall tiled with glass shower door, double vanity with granite counter, tile flooring, nickel fixtures and new modern lighting. Bedroom 2 is spacious and ample; the (3) bedroom is enormous great for bedroom plus retreat! The 2nd bathroom is upgraded with large vanity and tile flooring. New exterior two-tone contemporary paint through out plus a double door entrance. Home is situated on corner lot for extra privacy with an oversize lot and great backyard for entertaining, fruit trees, a shed for extra storage. Wide driveway, 2 car garage with direct access leads to the kitchen, washer/dryer hookup in the garage. Don't miss out on this excellent opportunity. Centrally located to shopping centers and Placentia/Yorba Linda School District
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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 | $2,890 |
EXPENSES | Loan Payment | -$2,896 |
Property Tax | -$790 | |
Property Insurance | -$69 | |
Property Management Fees | -$142 | |
CASH FLOW
-$1,007
|
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.
$785,000
PROJECTED PRICE
$2,890
PROJECTED RENT
0.37%
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
$213,775
LOAN DETAILS
$2,896
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $196,250 |
Loan Amount | $588,750 |
0.42
YEARS SAVED
$1,161
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,890
LIST RENT -
$1.67
LIST RENT PER SQFT
-
$2,902
COMP ESTIMATED VALUE -
$1.68
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Pineda Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20251754
Last Updated: 12/04/2020