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320 Orchid Drive Placentia, CA 92870

3 Beds 3 Baths 1,150 sqft Built 1954

$729,900

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $634.70
  • 6 Days on Market
  • MLS # : OC21149083
  • Updated Date : 07/10/2021 at 10:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,150 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

OPEN HOUSE HAS BEEN CANCELLED FOR 7/10th - Location, Location Location - Come see this Beautiful family home on a quiet street in Placentia. Don't miss out on this 3 bedroom - 2 full bath home remodeled home. Beautiful Eat in Kitchen With Granite Counter Tops, Stainless Steel Appliances with Ceramic Back Splash. Remodeled Bath Rooms. Refinished Classic Hardwood Floors. Ceiling Fans in All Bedrooms. Huge park-like Lot - over 8000 s.f. enough room for a pool or addition or simply entertaining. Dual Pane Windows, Tankless Water Heater, Leaded Glass Front Door, Central A/C, Two Car Garage, Inside Laundry. Walking Distance to Local Schools, Shopping & Restaurants. Conveniently located for easy access to all freeways, 91 & 57.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

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
 

$656,910$802,890$729,900

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,535
Property Tax -$768
Property Insurance -$55
Property Management Fees -$128
CASH FLOW
-$866

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.

$729,900

PROJECTED PRICE

$2,620

PROJECTED RENT

0.36%

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

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$199,174

INVESTMENT

$199,174

Down Payment
$182,475
Rehab Estimate
$5,750
Closing Costs
$10,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,535

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,475
Loan Amount $547,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$949

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $2.28

    LIST RENT PER SQFT
  • $2,254

    COMP ESTIMATED VALUE
  • $1.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,620
1$2,6202$2,6503$2,9004$3,000
$3,000
RENT COMPS ANALYSIS
  • 320 Orchid Drive Placentia, CA 1
    • 3 beds 3 baths ∙ 1,150 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,150 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $2.28
    •  
  • 2936 Barrington Court Fullerton, CA 2
    • 3 beds 3 baths ∙ 1,404 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,404 Sqft ∙ Built 1974
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.89
    •  
  • 1425 Sudene Avenue Fullerton, CA 3
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1954
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.98
    •  
  • 1033 Acacia Drive Placentia, CA 4
    • 4 beds 1 baths ∙ 1,489 Sqft ∙ Built 1974 4 beds 1 baths ∙ 1,489 Sqft ∙ Built 1974
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.01
    •  
PROPERTY LISTING DETAILS
Teresa Avila
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21149083
Last Updated: 07/10/2021
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