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1500 Shepard Circle Placentia, CA 92870

4 Beds 3 Baths 2,029 sqft Built 1975

$925,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $455.89
  • 7 Days on Market
  • MLS # : OC21019580
  • Updated Date : 02/03/2021 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,029 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kevin Whitney, Broker

Listing Agent's Description

You don't want to miss out on this impressive home on a corner lot and cul de sac, in one of the most sought out locations in Placentia, this four bedroom three bath home sits on an extra large lot. This home features 2,029 square feet of living space, and sits on a 8,500 square foot corner lot. Stepping through the front door you will find a floor plan that flows perfectly and is filled with natural light. The kitchen has been updated with new cabinets, granite countertops, and laminate flooring. Looking out from the kitchen you will find the sunken family room with a fire place perfect for a game room or second living area. Through the family room you have direct access to the enormous backyard perfect for entertaining. Other features of this property include Newer exterior paint, new garage doors, new windows, new flooring, new shower and all new energy efficient toilets and RV parking. This home is close to freeways, shopping, Cal State Fullerton, and is located in the award winning Placentia- Yorba Linda Unified School District. Welcome Home!

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
Tuffree Middle School Middle Regular 727 27 8
El Dorado High School High Regular 1,904 73 8

Tuffree Middle School

  • Education Level: Middle
  • # of students: 727
  • # of teachers: 27
8
GreatSchools Rating

El Dorado High School

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

$832,500$1,017,500$925,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$3,213
Property Tax -$973
Property Insurance -$76
Property Management Fees -$157
CASH FLOW
-$1,219

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.

$925,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.35%

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

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $3,378

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,2004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1500 Shepard Circle Placentia, CA 3
    • 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
  • 3035 Greenview Place Fullerton, CA 1
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1977
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.62
    •  
  • 1618 Collins Way Placentia, CA 2
    • 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 1976
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
  • 236 Koch Avenue Placentia, CA 4
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1973
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.76
    •  
  • 1107 Montecito Street Placentia, CA 5
    • 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 1965
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.70
    •  
PROPERTY LISTING DETAILS
Kevin Whitney
Kevin Whitney, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21019580
Last Updated: 02/03/2021
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