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4851 Cartlen Drive Placentia, CA 92870

4 Beds 1 Baths 1,594 sqft Built 1962

$680,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $426.60
  • 6 Days on Market
  • MLS # : PW20228492
  • Updated Date : 10/30/2020 at 14:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,594 sqft
  • Baths : 1 full
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

This single-level Placentia gem has 4 bedrooms, 2 baths, and is move-in ready. Located in an established, well-cared for neighborhood; with excellent schools and shopping close by. This charming home, at just under 1600 sq ft, is equipped with an inviting entry, spacious carpeted living room with large brick fireplace, and scenic windows with plantation shutters. The free-flowing family/dining room boasts great views of the private backyard through 8' sliding glass door, as well as, the kitchen with its ample cabinetry and counter space, pantry, and breakfast bar. The home has a generous Master Bedroom with an en-suite bath with walk-in shower; and 3 cozy bedrooms that are serviced by a full bath. One bedroom, with separate entrance/exit door to the backyard, has excellent home office capability. Sparkling clean, freshly painted interior and ceramic tile throughout. Curb appealing low-maintenance landscaping in the front and back yards, with river rock and brick accents. Backyard has a large covered brick patio, established fruit bearing and shade trees, raised brick planters and garden beds awaiting your flowers and vegetables. Attached 2-car garage is host to gas and electric washer/dryer hookups, storage cabinetry, pegboard for tools and a secondary garage door for man-cave type projects.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Wagner Elementary School Primary Regular 470 19 9
Wagner Elementary School Middle Regular 470 19 9
El Dorado High School High Regular 1,904 73 8

Wagner Elementary School

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 19
9
GreatSchools Rating

Wagner Elementary School

  • Education Level: Middle
  • # of students: 470
  • # of teachers: 19
9
GreatSchools Rating

El Dorado High School

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

$612,000$748,000$680,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,509
Property Tax -$702
Property Insurance -$66
Property Management Fees -$147
CASH FLOW
-$414

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.

$680,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.44%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$20,178

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,010

    LIST RENT
  • $1.89

    LIST RENT PER SQFT
  • $3,029

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,0003$3,0104$3,1505$3,300
$3,300
RENT COMPS ANALYSIS
  • 4851 Cartlen Drive Placentia, CA 3
    • 4 beds 1 baths ∙ 1,594 Sqft ∙ Built 1962 4 beds 1 baths ∙ 1,594 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $3,010
    • $1.89
    •  
  • 1132 Athens Avenue Placentia, CA 1
    • 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,500 Sqft ∙ Built 1971
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.83
    •  
  • 1033 Acacia Drive Placentia, CA 2
    • 4 beds 1 baths ∙ 1,489 Sqft ∙ Built 1974 4 beds 1 baths ∙ 1,489 Sqft ∙ Built 1974
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.01
    •  
  • 1941 Harte Way Placentia, CA 4
    • 4 beds 1 baths ∙ 1,752 Sqft ∙ Built 1969 4 beds 1 baths ∙ 1,752 Sqft ∙ Built 1969
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.80
    •  
  • 344 Somerset Drive Placentia, CA 5
    • 3 beds 1 baths ∙ 1,680 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,680 Sqft ∙ Built 1963
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.96
    •  
PROPERTY LISTING DETAILS
Dan De Yo
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20228492
Last Updated: 10/30/2020
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