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1129 N Van Buren Street Placentia, CA 92870

4 Beds 2 Baths 1,404 sqft Built 1972

$769,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $547.72
  • 4 Days on Market
  • MLS # : PW21039038
  • Updated Date : 02/26/2021 at 13:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,404 sqft
  • Baths : 2 full
Listing Agent

Era North Orange County

Listing Agent's Description

Highly Desirable Single Story Pool Home! 4 Bedrooms & 2 Bathrooms. Large Lot with Long Curved Driveway & RV Parking. When you walk in the Front Door, you see a Wide Open Contemporary Floor-Plan Design with Vaulted Ceilings. The Kitchen has been Remodeled with Tons of Cabinets, Granite Counters, Stainless Steel Appliances, and Large Center Island/Breakfast Bar w/ Room for 6 to sit. The Pool & Spa feature a waterfall & have been Resurfaced. The Pool Equipment has been Upgraded and enclosed behind a custom made structure. The Backyard also features a New Vinyl Security Fence, Retractable Awning over the Patio, & a Large Backyard with easy to maintain Synthetic Grass. The Home has all hard surfaced flooring including Laminate & Tile. The Bathrooms have been Remodeled w/ Quartz & Granite Countertops, a Jetted Deep Tub, & a Walk In Shower w/ Stone Accents & Multiple Shower Heads. There is Recessed Lighting Throughout the House. The Water Heater and AC/Furnace are New and the Electrical Outlets all have been upgraded! The Garage has been upgraded & has a new pull-down staircase & Custom Storage Cabinets! There is a Whole House Water Filtration System. There are No Neighbors Behind the House. This great home is zoned for the Award Winning Placentia Yorba Linda School District & is just a short walk to Van Buren Elementary School. No expense has been spared on this great home!!!! See Virtual Floor plan http://www.vanmls.virtualfloorplan.link

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
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

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
 

$692,100$845,900$769,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,671
Property Tax -$798
Property Insurance -$61
Property Management Fees -$137
CASH FLOW
-$877

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.

$769,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.36%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,671

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,498

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,790

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $2,499

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7503$2,7904$2,7955$3,100
$3,100
RENT COMPS ANALYSIS
  • 1129 N Van Buren Street Placentia, CA 3
    • 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.99
    •  
  • 5901 Casson Drive Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1969
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.73
    •  
  • 1132 Athens Avenue Placentia, CA 2
    • 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1971
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.83
    •  
  • 17581 Cerro Vista Drive Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1976
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.61
    •  
  • 4691 Briarhill Drive Yorba Linda, CA 5
    • 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1963
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.95
    •  
PROPERTY LISTING DETAILS
Vicki Sommers
Era North Orange County
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21039038
Last Updated: 02/26/2021
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