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16731 Landmark Avenue Yorba Linda, CA 92886

4 Beds 3 Baths 2,363 sqft Built 1967

INVESTimate

$950,000

List Price

$3,520

$3,270 - $3,770

Rent Est.

$992,655  ( +4.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $402.03
  • 6 Days on Market
  • MLS # : CV20171619
  • Updated Date : 08/23/2020 at 05:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,363 sqft
  • Baths : 3 full
Listing Agent

Re/max Champions

Listing Agent's Description

This home features 4 bedrooms, 3 full bathrooms with a 2,383 square foot living space and a large corner lot. This home is located within the Top Yorba Linda Schools, local shopping, and the BREA MALL, with easy access to the freeway. The current homeowners have completed over $200,000 in upgrades and remodeling to this masterpiece, the pictures do not do this home justice. The kitchen comes with top of the line Thermador appliances, remember you don't have to be an experienced chef to be able to cook like one. Here are some of the additional home features - kitchen with granite countertop* full granite backsplash with whitewash oak cabinets* crown molding throughout the home*wet bar with wine closet*rich wood floors and gorgeous marble flooring throughout* built-in Bar-b-que * dual-pane windows*Auto sprinklers*

SEE MORE

MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Zip Code: 92886

ZipNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k938k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 92886

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Rose Drive Elementary School Primary Regular 418 15 9
Yorba Linda Middle School Middle Regular 922 34 8
El Dorado High School High Regular 1,904 73 8

Rose Drive Elementary School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 15
9
GreatSchools Rating

Yorba Linda Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 34
8
GreatSchools Rating

El Dorado High School

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

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,168$3,872$3,520

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

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 $3,520
EXPENSES Loan Payment -$3,505
Property Tax -$935
Property Insurance -$84
Property Management Fees -$172
CASH FLOW
-$1,177

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$950,000

PROJECTED PRICE

$3,520

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.49%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,489

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $3,480

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,3004$3,5205$3,600
$3,600
RENT COMPS ANALYSIS
  • 16731 Landmark Avenue Yorba Linda, 4
    • 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $1.49
    •  
  • 2407 N Rose Drive Placentia, 1
    • 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 1962
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.52
    •  
  • 524 Purdy Avenue Placentia, 2
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1966
    LEASED 04/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.54
    •  
  • 17272 Brooklyn Avenue Yorba Linda, 3
    • 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 1984
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.44
    •  
  • 845 Chicago Avenue Placentia, 5
    • 3 beds 3 baths ∙ 2,597 Sqft ∙ Built 1963 3 beds 3 baths ∙ 2,597 Sqft ∙ Built 1963
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.39
    •  
PROPERTY LISTING DETAILS
Jessie Morfin
Re/max Champions
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20171619
Last Updated: 08/23/2020
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