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430 E Rockaway Drive Placentia, CA 92870

4 Beds 3 Baths 2,197 sqft Built 1991

$825,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $375.51
  • 5 Days on Market
  • MLS # : PW21046450
  • Updated Date : 03/18/2021 at 07:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,197 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Boutique Real Estate Group

Listing Agent's Description

Welcome home to Placentia! This spacious 2 level, 2,200 sq ft, 4 bedroom, 3 bath family home is located in a beautiful private neighborhood in North Orange County. This home boasts one of the largest lots in the community and has ample space in both the back and side yards. Downstairs you will find the living room, family room or office, and spacious dining room. Each room has it's own fireplace, helping to set the ambiance in every room. There is also a separate laundry room which has direct access to the two car garage. The kitchen has been upgraded with recessed lighting as well as granite countertops and oak cabinets. Upstairs you will find three ample sized bedrooms, as well as the master suite, which has both a shower and bathtub, a dual vanity, as well as a large walk-in closet. Many recent upgrades have been made to this home including crown moulding in most rooms, recessed lighting, a new water heater, and all new dual pane windows and patio doors throughout. The backyard has a large patio with a freshly painted pergola and plenty of room for entertaining! The low HOA includes a sparkling pool and common area as well as front yard landscaping. Located in the award winning Placentia-Yorba Linda School District, this one will not last!

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
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
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,866
Property Tax -$868
Property Insurance -$80
HOA -$185
Property Management Fees -$162
CASH FLOW
-$851

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.

$825,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.40%

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$15k

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$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,793

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,317

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,2504$3,3105$3,500
$3,500
RENT COMPS ANALYSIS
  • 430 E Rockaway Drive Placentia, CA 4
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $1.51
    •  
  • 1618 Collins Way Placentia, CA 1
    • 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 1976
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.58
    •  
  • 154 Tiger Lane Placentia, CA 2
    • 4 beds 4 baths ∙ 2,264 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,264 Sqft ∙ Built 2008
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.44
    •  
  • 300 Adella Lane Placentia, CA 3
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1998
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.51
    •  
  • 914 Pebble Beach Place Placentia, CA 5
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2000
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Bryan Bybee
The Boutique Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21046450
Last Updated: 03/18/2021
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