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129 Reagan Drive Placentia, CA 92870

3 Beds 3 Baths 1,764 sqft Built 1996

$800,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $453.51
  • 22 Days on Market
  • MLS # : PW21040844
  • Updated Date : 03/20/2021 at 05:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,764 sqft
  • Baths : 2 full , 1 half
Listing Agent

Zone Realty, Inc

Listing Agent's Description

Just listed, a beautiful two-story single-family home located at 129 Reagan Dr Placentia, CA 92870. Three bedrooms, two and a half bathrooms, with separate family room, living and dining room, and individual laundry room, double door entry. Attached two-car garages with direct access. Just installed new granite countertops with six inches backsplash, new stainless-steel sink, stainless steel appliance, white cabinets. Spacious master bedroom with walk-in closet and attached bathroom. Brand new carpet complements the Pergo flooring in the family room, dining room, and kitchen. The house is well lit, light, and bright, with multiple windows. Excellent curbside appeal with new landscaping cemented low maintenance backyard. Fire sprinklers throughout the house. Enjoy the central air, for hot California summers. Low HOA, which offers a pool, spa, playground, and basketball courts. There is additional guest parking, RV storage space at a low cost. Central location with easy access to freeways

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Bernardo Yorba Middle School Middle Regular 643 25 9
Esperanza High School High Regular 1,858 72 8

Bernardo Yorba Middle School

  • Education Level: Middle
  • # of students: 643
  • # of teachers: 25
9
GreatSchools Rating

Esperanza High School

  • Education Level: High
  • # of students: 1,858
  • # of teachers: 72
8
GreatSchools Rating
 

$720,000$880,000$800,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,779
Property Tax -$840
Property Insurance -$70
HOA -$100
Property Management Fees -$155
CASH FLOW
-$773

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.

$800,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.40%

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$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $3,215

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$3,1703$3,3504$3,3955$3,650
$3,650
RENT COMPS ANALYSIS
  • 129 Reagan Drive Placentia, CA 2
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.80
    •  
  • 1562 Hastings Way Placentia, CA 1
    • 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,659 Sqft ∙ Built 1998
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.75
    •  
  • 1444 Samp Lane Placentia, CA 3
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1998
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.76
    •  
  • 300 Lampman Way Placentia, CA 4
    • 4 beds 4 baths ∙ 1,800 Sqft ∙ Built 2005 4 beds 4 baths ∙ 1,800 Sqft ∙ Built 2005
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.89
    •  
  • 17285 Growers Circle Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1988
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.89
    •  
PROPERTY LISTING DETAILS
Namneet Dhaliwal
Zone Realty, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21040844
Last Updated: 03/20/2021
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