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1368 Roxborough Drive Placentia, CA 92870

4 Beds 3 Baths 2,257 sqft Built 1964

$799,999

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $354.45
  • 18 Days on Market
  • MLS # : PW20242955
  • Updated Date : 12/04/2020 at 11:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,257 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

NEW ON MARKET!!! Beautiful 4 bedroom 3 bathroom single level home with open floor plan, inside laundry and pool! New carpet!! Close to award winning schools, shopping center's and Alta Vista Golf Club! This will go fast!!

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
Wagner Elementary School Primary Regular 470 19 9
Wagner Elementary School Middle Regular 470 19 9
El Dorado High School High Regular 1,904 73 8

Wagner Elementary School

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 19
9
GreatSchools Rating

Wagner Elementary School

  • Education Level: Middle
  • # of students: 470
  • # of teachers: 19
9
GreatSchools Rating

El Dorado High School

  • Education Level: High
  • # of students: 1,904
  • # of teachers: 73
8
GreatSchools Rating
 

$719,999$879,999$799,999

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$2,952
Property Tax -$805
Property Insurance -$82
Property Management Fees -$170
CASH FLOW
-$548

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.

$799,999

PROJECTED PRICE

$3,460

PROJECTED RENT

0.43%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,000
Loan Amount $599,999
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$19,525

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $3,465

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$3,295
1$3,2952$3,4603$3,5004$3,5005$3,850
$3,850
RENT COMPS ANALYSIS
  • 1368 Roxborough Drive Placentia, CA 2
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $1.53
    •  
  • 662 Brunswick Avenue Placentia, CA 1
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1965
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.62
    •  
  • 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 11/27/20
    • 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
    •  
  • 615 Pinehurst Avenue Placentia, CA 5
    • 5 beds 3 baths ∙ 2,594 Sqft ∙ Built 1966 5 beds 3 baths ∙ 2,594 Sqft ∙ Built 1966
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.48
    •  
PROPERTY LISTING DETAILS
Greg Almquist
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20242955
Last Updated: 12/04/2020
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