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201 Breting Way Placentia, CA 92870

5 Beds 1 Baths 1,764 sqft Built 1962

$799,950

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $453.49
  • 2 Days on Market
  • MLS # : PW20262818
  • Updated Date : 12/26/2020 at 18:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,764 sqft
  • Baths : 1 full
Listing Agent

Century 21 Award

Listing Agent's Description

BEAUTIFUL ONE OF A KIND 5 BEDROOM 2 BATH SINGLE STORY HOME WITH LARGE LOT ON A CUL DE SAC STREET! ONE OWNER HOME HAS JUST BEEN REMODELED. NEW LAMINATE FLOOR THRU OUT EXCEPT BATHROOMS. NEW KITCHEN CABINETS, STONE COUNTERS, NEW 5 BURNER STAINLESS STEEL GAS RANGE, NEW STAINLESS STEEL DISHWASHER, NEW STAINLESS STEEL SINK, NEW GARBAGE DISPOSAL. BREAKFAST BAR OVERLOOKS THE DINING ROOM. LARGE LIVING ROOM WITH COZY FIREPLACE OVERLOOKS THE LUSH BACKYARD, LARGE MASTER WITH SLIDING DOOR TO THE BACK YARD, AND SPA. ADJOINING MASTER BATH WITH NEW VANITY, STONE COUNTER,SINK & TOILET, WALK IN SHOWER. 4 GUEST BEDROOMS. GUEST BATH HAS TUB OVER SHOWER NEW VANITY WITH STONE COUNTER, SINK AND NEW TOILET. NEW NEUTRAL PAINT THRU OUT. NEW ELECTRICAL OUTLETS AND SWITCHES, NEW DOOR KNOBS, HVAC UNIT IS ONLY 7 YEARS OLD. FENCED IN SPA WITH NEW HEATER. VIEWING DECK, GAZABO, MANY FRUIT TREES IN SIDE YARD. THIS HOME IS MOVE IN READY. CLOSE TO SHOPPING, TRANSPORTATION. FREEWAYS AND SCHOOLS

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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
Morse Avenue Elementary School Primary Regular 471 15 6
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Morse Avenue Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 15
6
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
 

$719,955$879,945$799,950

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,951
Property Tax -$842
Property Insurance -$70
Property Management Fees -$155
CASH FLOW
-$858

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.

$799,950

PROJECTED PRICE

$3,160

PROJECTED RENT

0.40%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,737

INVESTMENT

$217,737

Down Payment
$199,988
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,951

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,988
Loan Amount $599,963
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $3,144

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,1603$3,2004$3,3005$3,795
$3,795
RENT COMPS ANALYSIS
  • 201 Breting Way Placentia, CA 2
    • 5 beds 1 baths ∙ 1,764 Sqft ∙ Built 1962 5 beds 1 baths ∙ 1,764 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.79
    •  
  • 922 Diamond Road Placentia, CA 1
    • 5 beds 2 baths ∙ 1,666 Sqft ∙ Built 1965 5 beds 2 baths ∙ 1,666 Sqft ∙ Built 1965
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.74
    •  
  • 1061 Holt Drive Placentia, CA 3
    • 4 beds 3 baths ∙ 1,839 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,839 Sqft ∙ Built 1982
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.74
    •  
  • 1713 Heritage Avenue Placentia, CA 4
    • 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 1963
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.84
    •  
  • 1354 Valencia Avenue Placentia, CA 5
    • 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1965
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.81
    •  
PROPERTY LISTING DETAILS
Michelle Fowler
Century 21 Award
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20262818
Last Updated: 12/26/2020
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