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1257 Valparaiso Drive E Placentia, CA 92870

4 Beds 3 Baths 2,188 sqft Built 1969

$879,000

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $401.74
  • 6 Days on Market
  • MLS # : PW21031502
  • Updated Date : 02/18/2021 at 21:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,188 sqft
  • Baths : 2 full , 1 half
Listing Agent

Era North Orange County

Listing Agent's Description

Warm and Welcoming 4 Bedroom / 3 Bath Home located in one of the Best Neighborhoods in Placentia! The Double Door Entry Opens to the Formal Living Room w/ Cozy Brick Fireplace, Built in Cabinets, & Spacious Dining Room. The home features Dual Pane Windows & Wood Shutters throughout. The Remodeled Kitchen has a Large Breakfast Bar that seats 4, Quartz Countertops, & Custom Maple Cabinets with pull-out drawers for organizing. Remodeled downstairs powder room has a pedestal sink & wainscoting. Gorgeous Wood Flooring Downstairs & Wrought Iron Stair Railings lead to the 4 Spacious Bedrooms upstairs. The Master Bedroom has a walk in closet & a 2nd closet w/ built in organizers. Hallway Bathroom remodeled with a granite topped vanity. The backyard is the perfect place for entertaining family & friends! It features a Private Pool & covered patio with Gorgeous stamped concrete hardscaping. There's a nice sized landscaped grassy yard w/ lemon & orange trees. The Three Car Garage features an additional workshop area that was added on for even more space! This home has STORAGE - There's upper platform in the garage as well as even more attic storage accessed from an upstairs bedrooms. The home has a new water heater & newer ducting. This wonderful home is located very close to great restaurants, shopping, parks, & is freeway close. It sits in the Award Winning Placentia Yorba Linda School District. Welcome Home! Virtual Floor Plan- http://www.valmls.virtualfloorplan.link

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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
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
 

$791,100$966,900$879,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$3,053
Property Tax -$913
Property Insurance -$80
Property Management Fees -$165
CASH FLOW
-$841

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.

$879,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.38%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,053

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $3,446

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3703$3,5004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1257 Valparaiso Drive E Placentia, CA 2
    • 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $1.54
    •  
  • 1061 Holt Drive Placentia, CA 1
    • 4 beds 3 baths ∙ 1,839 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,839 Sqft ∙ Built 1982
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.74
    •  
  • 5545 Greenwich Circle Yorba Linda, CA 3
    • 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
    •  
  • 668 Brunswick Avenue Placentia, CA 4
    • 5 beds 3 baths ∙ 2,352 Sqft ∙ Built 1965 5 beds 3 baths ∙ 2,352 Sqft ∙ Built 1965
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.49
    •  
  • 668 Highlander Avenue Placentia, CA 5
    • 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 1968
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.52
    •  
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 #: PW21031502
Last Updated: 02/18/2021
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