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17351 Silver Tip Circle Yorba Linda, CA 92886

4 Beds 3 Baths 2,739 sqft Built 1988

$1,049,900

List Price

$3,790

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $383.32
  • 4 Days on Market
  • MLS # : PW21006870
  • Updated Date : 01/29/2021 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,739 sqft
  • Baths : 3 full
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

This beautifully remodeled and expanded home ideally sits on an interior corner location on a quiet cul-de-sac. Soaring ceilings, architectural design features, neutral palette, plantation shutters, and chisel edged Versailles travertine offer a welcoming backdrop to this bright and open floor plan. Main floor features a generous living space inclusive of an oversized main floor bedroom suite and private office or bonus room. The kitchen is adorned with rich cabinetry, gleaming quartz counters, Center Island and stainless steel appliances. Adjacent family room and dining area offer a wall of windows to enjoy the beautiful grounds and allow for easy interaction amongst the chef in the kitchen. Ascending the wide stairway, the private Master suite is finished with French doors that open to a Juliet balcony, soaring ceilings, and a sumptuous bath with inviting separate soaking tub, walk-in shower, travertine-finished dual vanities and sizeable walk-in closet. Two additional bedrooms plus a full dual vanity bath complete the second level. Enjoy the outdoors in this beautifully designed backyard! Sparkling pebble-finished pool and spa, built-in BBQ center with shady palapa covering, cozy fire pit with stacked stone seating, turf side yard and sun-soaked patio with retractable awning offer numerous options for entertaining or relaxing. Three-car garage, newer HVAC system, impeccable condition and more awaits! WALK THRU TOUR LINK AVAILABLE

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Kraemer Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 38
7
GreatSchools Rating

Valencia High School

  • Education Level: High
  • # of students: 2,740
  • # of teachers: 100
9
GreatSchools Rating
 

$944,910$1,154,890$1,049,900

PURCHASE PRICE

$3,411$4,169$3,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,790
EXPENSES Loan Payment -$3,647
Property Tax -$1,051
Property Insurance -$93
Property Management Fees -$186
CASH FLOW
-$1,187

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.

$1,049,900

PROJECTED PRICE

$3,790

PROJECTED RENT

0.36%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$283,974

INVESTMENT

$283,974

Down Payment
$262,475
Rehab Estimate
$5,750
Closing Costs
$15,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,475
Loan Amount $787,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,790

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $3,883

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4503$3,7904$3,9505$4,400
$4,400
RENT COMPS ANALYSIS
  • 17351 Silver Tip Circle Yorba Linda, CA 3
    • 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,790
    • $1.38
    •  
  • 1919 Los Alamitos Drive Placentia, CA 1
    • 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1980
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.38
    •  
  • 307 Atchley Lane Placentia, CA 2
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2001
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.44
    •  
  • 18510 White Oak Drive Yorba Linda, CA 4
    • 4 beds 2 baths ∙ 2,867 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,867 Sqft ∙ Built 1975
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.38
    •  
  • 17417 Olive Tree Circle Yorba Linda, CA 5
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1977
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.47
    •  
PROPERTY LISTING DETAILS
Carole Geronsin
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21006870
Last Updated: 01/29/2021
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