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324 Berkshire Way Placentia, CA 92870

4 Beds 3 Baths 2,868 sqft Built 1976

$999,000

List Price

$3,780

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $348.33
  • 5 Days on Market
  • MLS # : PW21032843
  • Updated Date : 02/18/2021 at 08:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,868 sqft
  • Baths : 2 full , 1 half
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

Beautiful Placentia home with spectacular lot and backyard! Don't miss this rare opportunity to own this immaculate two story home in a desirable neighborhood of Placentia. Featuring 4 bedrooms upstairs, a den/office downstairs and 2 1/2 bathrooms. (1/2 bathroom and individual laundry room downstairs). This home is located on a 10,000+ sq. ft. lot on a quiet cul-de-sac. GREAT CURB APPEAL!! Enter into the formal living and dining room complete with high ceilings and large windows. To your right is the den/office which can easily be converted to a downstairs bedroom. Continue into the family room which opens up to the spacious kitchen. The kitchen features granite counter tops, tiled backsplash, large double ovens, as well as plenty of cabinet space. Enjoy the view from the family room and kitchen of the well manicured backyard through two sliding glass doors along with a sweeping kitchen window. Venture upstairs to the 4 bedrooms highlighted by the grand master bedroom, complete with a sitting area, a cozy fireplace and built in wood shelves. Step out into your outdoor oasis! Plenty of room to host all of your family and friends. Find ample shade under your full patio cover with lovely brick floors and equipped with two ceiling fans. Other home features include dual pane windows, crown molding, window shutters and a 3 car garage. This home is located within the Placentia Yorba Linda District. Walking distance to Tri-City Park, easy access to freeway and shopping nearby.

SEE MORE

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

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
Tuffree Middle School Middle Regular 727 27 8
El Dorado High School High Regular 1,904 73 8

Tuffree Middle School

  • Education Level: Middle
  • # of students: 727
  • # of teachers: 27
8
GreatSchools Rating

El Dorado High School

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

$899,100$1,098,900$999,000

PURCHASE PRICE

$3,402$4,158$3,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,780
EXPENSES Loan Payment -$3,470
Property Tax -$1,063
Property Insurance -$96
Property Management Fees -$185
CASH FLOW
-$1,035

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.

$999,000

PROJECTED PRICE

$3,780

PROJECTED RENT

0.38%

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$20k

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$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,470

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,780

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $3,786

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$3,280
1$3,2802$3,3903$3,6004$3,7805$3,950
$3,950
RENT COMPS ANALYSIS
  • 324 Berkshire Way Placentia, CA 4
    • 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,780
    • $1.32
    •  
  • 1399 Roxborough Drive Placentia, CA 1
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 1964
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.25
    •  
  • 2025 Tweed Street Placentia, CA 2
    • 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
    •  
  • 845 Chicago Avenue Placentia, CA 3
    • 3 beds 3 baths ∙ 2,597 Sqft ∙ Built 1963 3 beds 3 baths ∙ 2,597 Sqft ∙ Built 1963
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.39
    •  
  • 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
Sandra Anderson
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21032843
Last Updated: 02/18/2021
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