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312 Valverde Avenue Brea, CA 92821

3 Beds 2 Baths 1,468 sqft Built 1971

$705,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $480.25
  • 8 Days on Market
  • MLS # : RS20244959
  • Updated Date : 11/24/2020 at 12:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,468 sqft
  • Baths : 2 full
Listing Agent

Michael Machado, Broker

Listing Agent's Description

Just in time for the holidays! This beautiful **SINGLE STORY** in the Glenbrook community of Brea is now available again after 28 years filled with pride of ownership. This home features a bright and open floorplan with vaulted ceilings, a spacious kitchen, dual pane windows, and plenty of natural lighting. The kitchen includes ample and convenient storage with pullout cabinet drawers, a double-oven, centrally located island and gorgeous garden window. The kitchen also offers direct access to the backyard and is open to the family room with a cozy fireplace. The Master Suite includes a private bath with a large shower, spacious closets, and French doors that provide direct access to the backyard patio. The additional two bedrooms offer plenty of space and are conveniently located near the second bathroom. The backyard offers the perfect area for entertaining or for enjoying a nice peaceful meal under the stars! This home is located in the Award-Winning Brea Olinda School District and located close to restaurants, entertainment, Brea Mall and Downtown Brea. Last but not least, this home is located WITHIN WALKING DISTANCE of everything that the Glenbrook Community has to offer: Pool, Clubhouse, BBQ, Sports Court, Game Room and Community Park!

SEE MORE

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: 92821

ZipNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700kPrice in $243k742k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 92821

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
Brea Country Hills Elementary School Primary Regular 642 22 8
Brea Country Hills Elementary School Middle Regular 642 22 8
Brea-olinda High School High Regular 1,895 68 9

Brea Country Hills Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 22
8
GreatSchools Rating

Brea Country Hills Elementary School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 22
8
GreatSchools Rating

Brea-olinda High School

  • Education Level: High
  • # of students: 1,895
  • # of teachers: 68
9
GreatSchools Rating
 

$634,500$775,500$705,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,601
Property Tax -$707
Property Insurance -$63
HOA -$60
Property Management Fees -$137
CASH FLOW
-$778

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.

$705,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$192,575

INVESTMENT

$192,575

Down Payment
$176,250
Rehab Estimate
$5,750
Closing Costs
$10,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,601

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $176,250
Loan Amount $528,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.9

    LIST RENT PER SQFT
  • $2,797

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,790
1$2,7902$2,9503$3,0004$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 312 Valverde Avenue Brea, CA 1
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.90
    •  
  • 2126 Deer Springs Lane Brea, CA 2
    • 3 beds 3 baths ∙ 1,533 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,533 Sqft ∙ Built 1985
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.92
    •  
  • 215 Camphor Circle Brea, CA 3
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1971
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.86
    •  
  • 3050 Heather Drive Fullerton, CA 4
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1971
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.87
    •  
  • 1950 Chevy Chase Drive Brea, CA 5
    • 4 beds 2 baths ∙ 1,622 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,622 Sqft ∙ Built 1971
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.97
    •  
PROPERTY LISTING DETAILS
Michael Machado
Michael Machado, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS20244959
Last Updated: 11/24/2020
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