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1221 Valparaiso Drive N Placentia, CA 92870

4 Beds 2 Baths 1,400 sqft Built 1971

$788,888

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $563.49
  • 3 Days on Market
  • MLS # : PW20255834
  • Updated Date : 12/11/2020 at 20:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Scott Barnhart ,broker

Listing Agent's Description

Stunning single story home located in a highly desirable Placentia neighborhood. This 4 bedroom, 2 bath, pool home has been beautifully remodeled and highly upgraded. Kitchen features solid wood cabinets, granite countertops and stainless steel appliances. New flooring, windows, doors, roof, plumbing, and recessed lighting throughout. Attached 2 car garage with overhead storage, enclosed storage room, tankless water heater and large open driveway for additional parking. Open living room has a stone faced fireplace and custom shelf. Master bedroom has plenty of closet space and an attached remodeled bathroom with walk in shower. Pool and spa located in the back and large side yard with RV parking. Located in the highly sought after Placentia-Yorba Linda school district. Don’t miss this opportunity!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

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
Van Buren Elementary School Primary Regular 689 24 7
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Van Buren Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 24
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
 

$709,999$867,777$788,888

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,911
Property Tax -$819
Property Insurance -$61
Property Management Fees -$145
CASH FLOW
-$985

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.

$788,888

PROJECTED PRICE

$2,950

PROJECTED RENT

0.37%

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$15k

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$214,805

INVESTMENT

$214,805

Down Payment
$197,222
Rehab Estimate
$5,750
Closing Costs
$11,833

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,222
Loan Amount $591,666
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $2,562

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7503$2,9504$3,1005$3,100
$3,100
RENT COMPS ANALYSIS
  • 1221 Valparaiso Drive N Placentia, CA 3
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.11
    •  
  • 1137 Moro Circle Placentia, CA 1
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1973
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.75
    •  
  • 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
    •  
  • 1053 S Lawanda Place Placentia, CA 4
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1963
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.79
    •  
  • 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
Scott Barnhart
Scott Barnhart ,broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20255834
Last Updated: 12/11/2020
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