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639 Jensen Place Placentia, CA 92870

3 Beds 3 Baths 1,752 sqft Built 1994

$789,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $450.34
  • 6 Days on Market
  • MLS # : OC21148305
  • Updated Date : 07/11/2021 at 21:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,752 sqft
  • Baths : 2 full , 1 half
Listing Agent

Robert Lu, Broker

Listing Agent's Description

Welcome to 639 Jensen Place, a turnkey, fully remodeled dream home located in the private gated community in the Fairways of Alta Vista. This desirable floorplan has high ceilings, lots of natural light, wood plantation shutters, upgraded travertine and engineered hardwood floor throughout and fully updated kitchen and bathrooms. The remodeled kitchen is equipped with stainless steel appliances including gas stove, oven, microwave and dishwasher. Beautiful granite counter overlays the dark wood cabinetry in kitchen and all bathrooms to have a consistent flow of design. The master bedroom has high ceilings, walk-in closet and a master bath that offers a lovely dual sink vanity, walk-in shower with frameless shower door and built in tub. In addition to the master bedroom, two additional bedrooms all with walk-in closets, and laundry room are also located on the second floor for privacy and easy access. For the green conscious homebuyer, the home is already equipped with a 220V EV charging outlet in the garage. This beautiful gated community has park-like playground, pool, spa, 24 hour patrol, and no mello roos. Located near award winning schools and walking distance to shopping centers.

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
 

$710,100$867,900$789,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,740
Property Tax -$819
Property Insurance -$69
HOA -$157
Property Management Fees -$155
CASH FLOW
-$781

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.

$789,000

PROJECTED PRICE

$3,160

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$214,835

INVESTMENT

$214,835

Down Payment
$197,250
Rehab Estimate
$5,750
Closing Costs
$11,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,740

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $197,250
Loan Amount $591,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,661

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $1.8

    LIST RENT PER SQFT
  • $3,254

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$3,160
1$3,1602$3,2003$3,3504$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 639 Jensen Place Placentia, CA 1
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $1.80
    •  
  • 1131 Holt Drive Placentia, CA 2
    • 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1987
    property image
    LEASED 06/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.92
    •  
  • 1444 Samp Lane Placentia, CA 3
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1998
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.76
    •  
  • 609 Sepulveda Place Placentia, CA 4
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1995
    property image
    LEASED 06/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.86
    •  
  • 17285 Growers Circle Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1988
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.89
    •  
PROPERTY LISTING DETAILS
Robert Lu
Robert Lu, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21148305
Last Updated: 07/11/2021
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