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PROPERTY INFO
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.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92870
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$214,835
LOAN DETAILS
$2,740
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $197,250 |
| Loan Amount | $591,750 |
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
-
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, Broker
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21148305
Last Updated: 07/11/2021
