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1950 Teodoro Street Placentia, CA 92870

4 Beds 3 Baths 2,160 sqft Built 1966

$899,999

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $416.67
  • 2 Days on Market
  • MLS # : DW21044349
  • Updated Date : 03/06/2021 at 08:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,160 sqft
  • Baths : 2 full , 1 half
Listing Agent

Urban, Scott, Broker

Listing Agent's Description

Welcome to this pride of ownership 4 bedroom, 2 1/2 bathrooms Placentia home in a quiet neighborhood. A true gem, extremely well maintained and upgraded. Enter the home through double Dutch front doors. A spacious living room with engineered floors and beautiful fireplace with custom wood mantle, slider doors opens to your private outdoor spacious backyard with pool and spa. The living room is perfect for entertaining with a separate large dining room. The remodeled kitchen has gorgeous custom cabinets with expansive marble counter tops. Upstairs has four bedrooms including a large master bedroom with private updated bath, new carpet, dual wardrobe closets and your own private balcony overlooking the backyard. Key features include recessed lighting, durable engineered floors, updated bathrooms, smart home devices, and pool controls. Enjoy your beautiful entertainer’s backyard with large sparkling pool with 2 custom built finished-Trex decks. Two car garage with storage loft and single garage door pass through to backyard! Separate boat or small RV storage beside the garage. Close proximity to Tri City Park, shopping, dining, freeways and Blue Ribbon award winning schools. This home is a must see.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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
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
 

$809,999$989,999$899,999

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,126
Property Tax -$947
Property Insurance -$79
Property Management Fees -$167
CASH FLOW
-$909

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.

$899,999

PROJECTED PRICE

$3,410

PROJECTED RENT

0.38%

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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $225,000
Loan Amount $674,999
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $3,391

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3003$3,4104$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1950 Teodoro Street Placentia, CA 3
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $1.58
    •  
  • 1618 Collins Way Placentia, CA 1
    • 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
    •  
  • 2220 Cartlen Drive Placentia, CA 2
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1963
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.64
    •  
  • 307 Bagnall Avenue Placentia, CA 4
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 1966
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.54
    •  
  • 668 Highlander Avenue Placentia, CA 5
    • 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 1968
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.52
    •  
PROPERTY LISTING DETAILS
Shona Stites
Urban, Scott, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW21044349
Last Updated: 03/06/2021
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