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17151 Foley Drive 
Yorba Linda, CA
92886
4 Beds 2 Baths 1,763 sqft
Built 1963
INVESTimate
$775,000
List Price
$211,125
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PROPERTY INFO
FACTS
- Built In 1963
- Price/Sqft : $439.59
- 32 Days on Market
- MLS # : PW20142760
- Updated Date : 08/25/2020 at 10:47
CONSTRUCTION
- Beds : 4
- Floor Size : 1,763 sqft
- Baths : 2 full
Listing Agent
Impact Properties, Inc
Listing Agent's Description
Beautiful turn-key single story upgraded home in West Yorba Linda. Large corner lot with room for your toys. This wonderful four bedroom two bath home is very clean, roomy and will not last. All countertops throughout this home are either granite or manufactured stone and are very attractive. Newer flooring throughout. Recessed lighting makes this home light and bright. The upgraded kitchen countertops allow for barstool seating and overlooks the informal dining area and family room featuring a fire place and sliding doors out to the grand patio. This home is set up perfectly to entertain. Upon entering this home you are greeted with beautiful flooring, an inviting living room that boasts a formal dining room. There is fantastic storage above the dry-walled ceiling in the garage, complimented by a very clean epoxied floor and laundry area. Did I mention that the owners just put on a brand new roof? This home is literally move-in ready. It is near to the horse/bike trails and feeds to fantastic schools that will really enhance your life. Very close to shopping and parks.
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92886
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,020 |
| EXPENSES | Loan Payment | -$2,859 |
| Property Tax | -$763 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$148 | |
|
CASH FLOW
-$820
|
||
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.
$775,000
PROJECTED PRICE
$3,020
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$211,125
LOAN DETAILS
$2,859
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $193,750 |
| Loan Amount | $581,250 |
1.08
YEARS SAVED
$4,070
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,020
LIST RENT -
$1.71
LIST RENT PER SQFT
-
$2,988
COMP ESTIMATED VALUE -
$1.7
COMP AVG. RENT PER SQFT
Comps Range
-
17151 Foley Drive Yorba Linda, 3
- 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1963
![property image]()
- Rent
- Rent Per SQFT
- $3,020
- $1.71
-
17581 Cerro Vista Drive Yorba Linda, 1
- 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1976
![property image]()
LEASED 01/30/20- Rent
- Rent Per SQFT
- $2,795
- $1.61
-
17445 Marda Yorba Linda, 2
- 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1978
![property image]()
LEASED 09/02/19- Rent
- Rent Per SQFT
- $2,800
- $1.64
-
1843 Mccormack Lane Placentia, 4
- 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1963
![property image]()
LEASED 07/08/20- Rent
- Rent Per SQFT
- $3,150
- $1.74
-
5432 Jefferson Street Yorba Linda, 5
- 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972
![property image]()
LEASED 09/15/19- Rent
- Rent Per SQFT
- $3,250
- $1.79
PROPERTY LISTING DETAILS
Impact Properties, Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20142760
Last Updated: 08/25/2020
