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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $456.68
- 3 Days on Market
- MLS # : PW21046252
- Updated Date : 03/05/2021 at 19:03
CONSTRUCTION
- Beds : 4
- Floor Size : 2,080 sqft
- Baths : 2 full
Listing Agent
Sundae Homes
Listing Agent's Description
Gorgeous 2 story home for sale! This newly renovated Placentia home has all the bells and whistles, from the peaceful pocket neighborhood to the backyard oasis - this one is sure to win your heart! The living room is huge, with raised ceilings, large windows, and a cozy fireplace. The kitchen is a cooking-lovers dream! With a 6 burner stove, TONS of counter and storage space, new SS appliances, new backsplash, modern grey cabinets, and more! The kitchen is adjoined to a formal dining room with vaulted ceilings and a secondary dining room with french doors leading to the large backyard. All the bedrooms are spacious and offer ample closet space and plush new carpeting. All the bathrooms have also undergone great new makeovers with trendy new flooring, fun new vanities, and more!! The backyard is our favorite hangout spot, complete with a relaxing jacuzzi, a lush green lawn, a pergola where you can enjoy outdoor dining and host awesome summer BBQs. This home is located near eateries, shopping, schools, freeways, and more. Check it out today - it won't last long!!
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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
* 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 | $3,200 |
| EXPENSES | Loan Payment | -$3,299 |
| Property Tax | -$1,011 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$157 | |
|
CASH FLOW
-$1,344
|
||
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.
$949,900
PROJECTED PRICE
$3,200
PROJECTED RENT
0.34%
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
$257,474
LOAN DETAILS
$3,299
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $237,475 |
| Loan Amount | $712,425 |
0.17
YEARS SAVED
$152
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,200
LIST RENT -
$1.54
LIST RENT PER SQFT
-
$3,437
COMP ESTIMATED VALUE -
$1.65
COMP AVG. RENT PER SQFT
Comps Range
-
2312 California Street Placentia, CA 1
- 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $3,200
- $1.54
-
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
-
17350 Marda Avenue Yorba Linda, CA 3
- 4 beds 3 baths ∙ 1,953 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,953 Sqft ∙ Built 1985
LEASED 12/09/20- Rent
- Rent Per SQFT
- $3,300
- $1.69
-
650 Oakhaven Avenue Brea, CA 4
- 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1969
LEASED 04/04/20- Rent
- Rent Per SQFT
- $3,450
- $1.74
-
307 Bagnall Avenue Placentia, CA 5
- 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
PROPERTY LISTING DETAILS
Sundae Homes
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21046252
Last Updated: 03/05/2021
