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907 Newton Lane Placentia, CA 92870

4 Beds 3 Baths 2,599 sqft Built 1994

INVESTimate

$888,000

List Price

$3,650

$3,400 - $3,900

Rent Est.

$937,195  ( +5.54%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $341.67
  • 9 Days on Market
  • MLS # : OC20168255
  • Updated Date : 08/23/2020 at 07:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,599 sqft
  • Baths : 3 full
Listing Agent

Inspira Realty

Listing Agent's Description

WOW – Amazing golf course VIEW home in the GATED community of Fairways Masters Collection at Alta Vista! Walking into this spectacular 4 bedroom (one downstairs) and 3 bath home you immediately notice it feels like home and how well the current homeowners have maintained this home. Lots of light and volume in the entry while the kitchen and dining room look out to the peaceful backyard on the 9th fairway. The kitchen has a large island which connects to a dinette area and family room. Upstairs the oversized Master with a HUGE closet and deck capture the view. Both secondary bedrooms are a good size. This floorplan is open and designed by award winning builder Greystone Homes. Amazing sunsets views from the backyard and the balcony off the master bedroom. Many upgrades including crown molding, whole house exhaust fan, water softener, newer AC, heat resistant windows, pebble tech jacuzzi with waterfall and built-in barbeque. The low association fee of $141 for a gated community, with association pool and playground is a great value. Close to shopping, freeways, golf course and restaurants. This is an excellent opportunity to purchase a well-designed, highly upgraded home in a gated community on a golf course with spectacular views!

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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)
  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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
Tynes Elementary School Primary Magnet 824 30 7
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Tynes Elementary School

  • Education Level: Primary
  • # of students: 824
  • # of teachers: 30
7
GreatSchools Rating

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
 

$799,200$976,800$888,000

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$3,276
Property Tax -$922
Property Insurance -$90
HOA -$141
Property Management Fees -$179
CASH FLOW
-$958

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.

$888,000

PROJECTED PRICE

$3,650

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.54%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,070

INVESTMENT

$241,070

Down Payment
$222,000
Rehab Estimate
$5,750
Closing Costs
$13,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,276

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,000
Loan Amount $666,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,650

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $3,652

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,4503$3,6504$3,6505$3,750
$3,750
RENT COMPS ANALYSIS
  • 907 Newton Lane Placentia, 4
    • 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.40
    •  
  • 507 N Mykkanen Circle Placentia, 1
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1994
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.37
    •  
  • 307 Atchley Lane Placentia, 2
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2001
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.44
    •  
  • 1038 Kemp Drive Placentia, 3
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2001
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.36
    •  
  • 1031 Hepp Drive Placentia, 5
    • 5 beds 3 baths ∙ 2,583 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,583 Sqft ∙ Built 1996
    LEASED 06/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.45
    •  
PROPERTY LISTING DETAILS
Robert Dalsimer
Inspira Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20168255
Last Updated: 08/23/2020
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