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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

$3,020

$2,770 - $3,270

Rent Est.

$809,798  ( +4.49%)   1 YR EST. FORECAST

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

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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

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-$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

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

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

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
$2,795
1$2,7952$2,8003$3,0204$3,1505$3,250
$3,250
RENT COMPS ANALYSIS
  • 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
Buddy Huff
Impact Properties, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20142760
Last Updated: 08/25/2020
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