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937 Williams Avenue Placentia, CA 92870

4 Beds 1 Baths 1,592 sqft Built 1968

$725,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $455.40
  • 11 Days on Market
  • MLS # : PW21034522
  • Updated Date : 02/26/2021 at 17:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,592 sqft
  • Baths : 1 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Wonderful single-story pool home on a lovely cul de sac street. Entering the home, you are greeted by freshly painted interior walls throughout. The living room features laminate wood flooring, a large front window with great natural lighting, and a custom stone fireplace mantle and hearth. From the living room, you enter the family and dining area which is currently being used only as a dining area. This family and dining area features ceramic tile flooring, a ceiling fan, a wood-beamed ceiling, and an enclosed laundry room off to the side with extra cabinet space. The kitchen features granite counters with a bar top, custom cabinets, recessed lighting, and a sliding glass door leading to the backyard. The backyard features a large, covered patio, a nice sparkling pool, and possible RV storage on the side. Continuing back into the home and down the hallway. You have three roomy bedrooms with new carpet and two of the bedrooms have mirrored closet doors. A full guest bathroom with cultured marble counter, flooring, and shower, and a deep spa tub with rain shower head above. The fourth bedroom is the master bedroom which features wood flooring, mirrored closet doors, a ceiling fan, and a sliding glass door leading to the backyard. The master bathroom features cultured marble counter, flooring, and a walk-in shower. A two-car garage with an extra-long driveway. All within a short distance to high-ranking schools, great parks, and spectacular restaurants and shopping.

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
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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$2,518
Property Tax -$753
Property Insurance -$66
Property Management Fees -$154
CASH FLOW
-$341

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.

$725,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.43%

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$25k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$22,012

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $2,901

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,1503$3,3004$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 937 Williams Avenue Placentia, CA 2
    • 4 beds 1 baths ∙ 1,592 Sqft ∙ Built 1968 4 beds 1 baths ∙ 1,592 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.98
    •  
  • 1941 Harte Way Placentia, CA 1
    • 4 beds 1 baths ∙ 1,752 Sqft ∙ Built 1969 4 beds 1 baths ∙ 1,752 Sqft ∙ Built 1969
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.80
    •  
  • 2127 Kathryn Way Placentia, CA 3
    • 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1963 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1963
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.77
    •  
  • 344 Somerset Drive Placentia, CA 4
    • 3 beds 1 baths ∙ 1,680 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,680 Sqft ∙ Built 1963
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.96
    •  
  • 236 Koch Avenue Placentia, CA 5
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1973
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.76
    •  
PROPERTY LISTING DETAILS
Jon Perez
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21034522
Last Updated: 02/26/2021
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