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1515 E Evans Lane Placentia, CA 92870

4 Beds 3 Baths 2,400 sqft Built 2004

$899,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $374.58
  • 4 Days on Market
  • MLS # : P1-2582
  • Updated Date : 12/10/2020 at 13:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,400 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Stunning, highly upgraded home with a masterfully designed backyard! As one of the newest homes built in this desirable area by Champions Sports Complex, this spacious home has a modern floorplan with a great flow. Enter into a spacious formal living and dining area, followed by a comfortable family room with a cozy corner fireplace and custom built-in media center. The backyard is an oasis with curved, stacked stone walls, a step-up dining pavilion, built-in bbq island, and beautiful trees and hedges that provides both privacy and a peaceful, green backdrop. The sizable kitchen has granite counters, a large built in refrigerator and double oven, a walk-in pantry, and tons of room for meal prep and counter seating. Upstairs there are 4 generous bedrooms and an oversized laundry room. The master suite has dual vanities, separate tub and shower, and a huge walk-in closet. Two car garage has an additional area for storage or a home gym. The home is finished with plantation shutters, ceiling fans, and hardwired security and speaker systems. Check out the virtual tour: https://my.matterport.com/show/?m=RNgLGymsS1v&title=0&brand=0

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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
Van Buren Elementary School Primary Regular 689 24 7
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Van Buren Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 24
7
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

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$3,317
Property Tax -$933
Property Insurance -$85
Property Management Fees -$173
CASH FLOW
-$978

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

$3,530

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$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$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

1.08

YEARS SAVED

$4,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,530

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $3,540

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4503$3,5304$3,8005$3,800
$3,800
RENT COMPS ANALYSIS
  • 1515 E Evans Lane Placentia, CA 3
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,530
    • $1.47
    •  
  • 1427 Samp Lane Placentia, CA 1
    • 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1997
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.41
    •  
  • 307 Atchley Lane Placentia, CA 2
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2001
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.44
    •  
  • 17410 Majestic Cypress Way Yorba Linda, CA 4
    • 4 beds 4 baths ∙ 2,593 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,593 Sqft ∙ Built 1990
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.47
    •  
  • 17355 Summer Oak Place Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1991
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.58
    •  
PROPERTY LISTING DETAILS
Ashrif Hammad
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: P1-2582
Last Updated: 12/10/2020
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