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17280 Coriander Court Yorba Linda, CA 92886

3 Beds 3 Baths 2,500 sqft Built 2004

$865,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $346.00
  • 33 Days on Market
  • MLS # : OC20212009
  • Updated Date : 12/04/2020 at 10:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,500 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Welcome home to breathtaking views expanding from Black Gold Golf Club, through Disneyland fireworks and pushing to Catalina Island. Nighttime twinkling city lights cleverly accent the shimmer of after hours golf course sprinklers. Quietly nestled in the Canterbury enclave of Vista Del Verde, this luxury end-unit townhome offers the privacy/spaciousness/utility of a single family home and includes gorgeous scenic views from almost every room reminiscent of a Michelin-rated resort. The expansive single level living space rests above an attached two-car garage. The space includes a giant living room and dining space, family area, two expansive patio spaces directed toward panoramic views, a huge gourmet chef’s kitchen, two master suites and and optional 3rd bedroom currently utilized as a executive home office. The kitchen boasts beautiful cherry cabinets, brand new stainless steel Bosch appliances, sizable kitchen island, built in workspace/homework nook, sit-down bar counter, and enough space to accommodate family dining space. An overly generous patio space can be accessed from the main master bedroom and attached en-suite including a large oval soaking tub, separate shower, double vanity, and huge walk-in closet. The second master also includes en-suite with tub, shower, upgraded granite bathroom counter and another large large walk-in closet. The community pool and hot tub is directly across the street. This home is close to all that Yorba Linda has to offer. Enjoy!

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: 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
Lakeview Elementary School Primary Regular 502 18 8
Yorba Linda Middle School Middle Regular 922 34 8
El Dorado High School High Regular 1,904 73 8

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 18
8
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
 

$778,500$951,500$865,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$3,191
Property Tax -$841
Property Insurance -$87
HOA -$295
Property Management Fees -$167
CASH FLOW
-$1,181

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.

$865,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$234,975

INVESTMENT

$234,975

Down Payment
$216,250
Rehab Estimate
$5,750
Closing Costs
$12,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,191

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $216,250
Loan Amount $648,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $3,713

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,4003$3,4504$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 17280 Coriander Court Yorba Linda, CA 2
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.36
    •  
  • 3424 Caraway Lane Yorba Linda, CA 1
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.39
    •  
  • 17253 Coriander Court Yorba Linda, CA 3
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2004
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.47
    •  
  • 3721 Camino Cermenon Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2002
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.54
    •  
  • 17074 Camino Ayala Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2002
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.54
    •  
PROPERTY LISTING DETAILS
Kenneth Farah
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20212009
Last Updated: 12/04/2020
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