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2419 Navajo Avenue Placentia, CA 92870

5 Beds 3 Baths 2,827 sqft Built 1972

$950,000

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $336.05
  • 5 Days on Market
  • MLS # : PW20249374
  • Updated Date : 12/02/2020 at 08:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,827 sqft
  • Baths : 3 full
Listing Agent

North Hills Realty

Listing Agent's Description

*Beautifully Upgraded Family Home In A Wonderful Neighborhood In Placentia*Spectacular Curb Appeal Offering New Driveway And Patio Atrium Pavers And Brilliant Lighting. Decorative Moldings, Casings And Wainscoting Throughout The Home. Gorgeous Entry Featuring A Custom Arched Door With Etched Glass Side Panels & High Beamed Ceilings. Impressive Formal Living Room W/ Large Front Windows That Overlook The Charming Front Patio/Sitting Area W/ A Peaceful Water Fountain. Elegant Formal Dining Room Is Perfect For Entertaining Guests. Spacious Kitchen W/ An Abundance Of White Cabinets For Storage, Granite Counters Offer A Great Amount Of Preparation Space, Breakfast Bar Seating, Built-In Desk Space And Eating Area. Cozy Family Room W/ Stacked Stone Gas Fireplace, Custom Wood Mantel & In-Ceiling Speakers. Private First Floor Bedroom Is Ideal For Guests With It's Own Bathroom Featuring White Cabinetry & Large Walk-In Shower. Lovely Master Bedroom W/ Large Walk-In Closet & A Separate Storage Closet. A Beautifully Remodeled Master Bath Featuring Dual Vanities W/ Stone Counters & A Large Custom Walk-In Shower. Three Additional Well Sized Bedrooms, One Of Which Is Being Used As An Office , All Share Nice Sized Bath With Dual Sinks, Granite Counters And a Tub/Shower Combo. A Great Family Yard With Large Covered Patio, Spacious Grass Area And Fruit Trees Make For Hours Of Outdoor Entertainment With Friends And Family. Also Included Are A New HVAC System, A Whole House Fan & New Water Heater*

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Golden Elementary School Primary Magnet 806 28 10
Golden Elementary School Middle Magnet 806 28 10
El Dorado High School High Regular 1,904 73 8

Golden Elementary School

  • Education Level: Primary
  • # of students: 806
  • # of teachers: 28
10
GreatSchools Rating

Golden Elementary School

  • Education Level: Middle
  • # of students: 806
  • # of teachers: 28
10
GreatSchools Rating

El Dorado High School

  • Education Level: High
  • # of students: 1,904
  • # of teachers: 73
8
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$3,505
Property Tax -$1,011
Property Insurance -$95
Property Management Fees -$179
CASH FLOW
-$1,131

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.

$950,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.39%

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-$20k-$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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,721

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,660

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $3,802

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$3,390
1$3,3902$3,6003$3,6604$3,8005$3,950
$3,950
RENT COMPS ANALYSIS
  • 2419 Navajo Avenue Placentia, CA 3
    • 5 beds 3 baths ∙ 2,827 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,827 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,660
    • $1.29
    •  
  • 2025 Tweed Street Placentia, CA 1
    • 5 beds 3 baths ∙ 2,572 Sqft ∙ Built 1966 5 beds 3 baths ∙ 2,572 Sqft ∙ Built 1966
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.32
    •  
  • 2325 Cartlen Drive Placentia, CA 2
    • 4 beds 5 baths ∙ 2,691 Sqft ∙ Built 1964 4 beds 5 baths ∙ 2,691 Sqft ∙ Built 1964
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.34
    •  
  • 312 Amberwick Lane Brea, CA 4
    • 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1971
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.40
    •  
  • 2914 Primrose Avenue Brea, CA 5
    • 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 1978
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.32
    •  
PROPERTY LISTING DETAILS
Susan Lapeter
North Hills Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20249374
Last Updated: 12/02/2020
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