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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $383.32
- 4 Days on Market
- MLS # : PW21006870
- Updated Date : 01/29/2021 at 12:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,739 sqft
- Baths : 3 full
Listing Agent
Bhhs Ca Properties
Listing Agent's Description
This beautifully remodeled and expanded home ideally sits on an interior corner location on a quiet cul-de-sac. Soaring ceilings, architectural design features, neutral palette, plantation shutters, and chisel edged Versailles travertine offer a welcoming backdrop to this bright and open floor plan. Main floor features a generous living space inclusive of an oversized main floor bedroom suite and private office or bonus room. The kitchen is adorned with rich cabinetry, gleaming quartz counters, Center Island and stainless steel appliances. Adjacent family room and dining area offer a wall of windows to enjoy the beautiful grounds and allow for easy interaction amongst the chef in the kitchen. Ascending the wide stairway, the private Master suite is finished with French doors that open to a Juliet balcony, soaring ceilings, and a sumptuous bath with inviting separate soaking tub, walk-in shower, travertine-finished dual vanities and sizeable walk-in closet. Two additional bedrooms plus a full dual vanity bath complete the second level. Enjoy the outdoors in this beautifully designed backyard! Sparkling pebble-finished pool and spa, built-in BBQ center with shady palapa covering, cozy fire pit with stacked stone seating, turf side yard and sun-soaked patio with retractable awning offer numerous options for entertaining or relaxing. Three-car garage, newer HVAC system, impeccable condition and more awaits! WALK THRU TOUR LINK AVAILABLE
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 92886
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92886
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,790 |
| EXPENSES | Loan Payment | -$3,647 |
| Property Tax | -$1,051 | |
| Property Insurance | -$93 | |
| Property Management Fees | -$186 | |
|
CASH FLOW
-$1,187
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$1,049,900
PROJECTED PRICE
$3,790
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$283,974
LOAN DETAILS
$3,647
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $262,475 |
| Loan Amount | $787,425 |
0.5
YEARS SAVED
$1,679
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,790
LIST RENT -
$1.38
LIST RENT PER SQFT
-
$3,883
COMP ESTIMATED VALUE -
$1.42
COMP AVG. RENT PER SQFT
Comps Range
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1919 Los Alamitos Drive Placentia, CA 1
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LEASED 06/10/20- Rent
- Rent Per SQFT
- $3,400
- $1.38
-
307 Atchley Lane Placentia, CA 2
- 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2001
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LEASED 10/29/19- Rent
- Rent Per SQFT
- $3,450
- $1.44
-
18510 White Oak Drive Yorba Linda, CA 4
- 4 beds 2 baths ∙ 2,867 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,867 Sqft ∙ Built 1975
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LEASED 10/15/20- Rent
- Rent Per SQFT
- $3,950
- $1.38
-
17417 Olive Tree Circle Yorba Linda, CA 5
- 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1977
![property image]()
LEASED 02/17/20- Rent
- Rent Per SQFT
- $4,400
- $1.47
PROPERTY LISTING DETAILS
Bhhs Ca Properties
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21006870
Last Updated: 01/29/2021
