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1237 N Ventana Lane Placentia, CA 92870

5 Beds 3 Baths 2,318 sqft Built 2015

$899,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $387.83
  • 3 Days on Market
  • MLS # : PW20262661
  • Updated Date : 01/01/2021 at 13:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,318 sqft
  • Baths : 3 full
Listing Agent

New Star Realty & Investment

Listing Agent's Description

Gorgeous Terraza at Schaner Ranch 5 bedroom home in Placentia newly built in 2015 by Beazer Homes. *Fully remodeled and turnkey ready to Move-In condition***Highly upgraded and desired MAIN FLOOR one bedroom with one Full bath ***Builder's Premium Location*** Total 5 bedrooms including 1 additional bedroom with bath at upstairs paid by owner and through the builder*** This spacious 5 bedrooms, 4 baths home features bright & open floor plan with a lot of upgrades. Upon entering you will find open floor plan with abundance of natural sunlight from back-yard and comfortable living room. Upgraded wood flooring, freshly painted interior, Kitchen includes granite counter tops with white cabinets, back splash, stainless steel appliances, recessed lighting, and upgraded backyard landscaping with patio. Master suite with dual sinks, attached two cars side by side garage with driveway, and washer & dryer are included and are located conveniently upstairs inside of the home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Morse Avenue Elementary School Primary Regular 471 15 6
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Morse Avenue Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 15
6
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
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$3,317
Property Tax -$957
Property Insurance -$83
HOA -$100
Property Management Fees -$173
CASH FLOW
-$1,090

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.

$899,000

PROJECTED PRICE

$3,540

PROJECTED RENT

0.39%

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$2,033

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,540

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $3,494

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2503$3,5004$3,5405$3,800
$3,800
RENT COMPS ANALYSIS
  • 1237 N Ventana Lane Placentia, CA 4
    • 5 beds 3 baths ∙ 2,318 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,318 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,540
    • $1.53
    •  
  • 230 Tiger Lane Placentia, CA 1
    • 4 beds 4 baths ∙ 2,264 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,264 Sqft ∙ Built 2009
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.37
    •  
  • 300 Adella Lane Placentia, CA 2
    • 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
    •  
  • 914 Pebble Beach Place Placentia, CA 3
    • 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
    •  
  • 337 E Costera Court Placentia, CA 5
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2016
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.64
    •  
PROPERTY LISTING DETAILS
Sang Hyun Kim
New Star Realty & Investment
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20262661
Last Updated: 01/01/2021
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