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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92870
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$217,737
LOAN DETAILS
$2,951
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $199,988 |
| Loan Amount | $599,963 |
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
-
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
Century 21 Award
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20262818
Last Updated: 12/26/2020
