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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $466.29
- 3 Days on Market
- MLS # : PW21013261
- Updated Date : 02/19/2021 at 20:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,284 sqft
- Baths : 2 full
Listing Agent
Oc Realty Corp.
Listing Agent's Description
Welcome to the Land of Gracious Living's premier single story sunset home! This cut-de-sac beauty has a newly done front landscape & new paint, complete w/stone pillars. RV parking's next to your driveway as well! A delightfully peaceful backyard has a stunning palm tree view w/refreshing pool & spa. Artificial turf is a bonus! Beautifully bright & flooded w/light, this one story feels so spacious w/vaulted ceilings in the living & dining rooms which are perfect for entertaining! Upon entering the double doors, you have the master bedroom & bathroom w/soaking tub, rain shower & 2 hand-helds. There's also a huge amount of storage/closet space that you don't usually find in this size home, & newer dual pane windows. The kitchen has upgraded custom maple cabinetry, built in fridge & desk, stainless appliances & pull out drawers & shelves. The huge island has granite counters & plenty of bar seating. The kitchen opens to the family room where you'll be amazed by the gorgeous renovation on the fireplace & stone surround! Glass sliders lead out to the covered patio & peaceful yard w/lovely view. Head down the hall to the newly remodeled guest bath w/floating dual vanity & striking frameless shower. Porcelain wood-look floors lead to 3 guest rooms, 1 w/closet turned into a desk. There's a spacious laundry room w/doggie door & central vac leading to the 2 car garage. This home stands out w/ it's excellent location in the heart of YL w/ awesome schools, shops & restaurants and NO HOA!
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MARKET HIGHLIGHTS
- 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)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,580 |
| EXPENSES | Loan Payment | -$3,699 |
| Property Tax | -$1,048 | |
| Property Insurance | -$82 | |
| Property Management Fees | -$175 | |
|
CASH FLOW
-$1,425
|
||
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.
$1,065,000
PROJECTED PRICE
$3,580
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$287,975
LOAN DETAILS
$3,699
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $266,250 |
| Loan Amount | $798,750 |
0.25
YEARS SAVED
$262
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,580
LIST RENT -
$1.57
LIST RENT PER SQFT
-
$3,592
COMP ESTIMATED VALUE -
$1.57
COMP AVG. RENT PER SQFT
Comps Range
-
17470 Olive Tree Circle Yorba Linda, CA 3
- 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $3,580
- $1.57
-
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
LEASED 06/10/20- Rent
- Rent Per SQFT
- $3,400
- $1.38
-
5314 Lakeview Avenue Yorba Linda, CA 2
- 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1976
LEASED 09/09/20- Rent
- Rent Per SQFT
- $3,400
- $1.62
-
5424 Berryhill Drive Yorba Linda, CA 4
- 4 beds 2 baths ∙ 2,267 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,267 Sqft ∙ Built 1976
LEASED 08/21/20- Rent
- Rent Per SQFT
- $3,800
- $1.68
-
17415 Abbey Lane Yorba Linda, CA 5
- 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 1987
LEASED 04/28/20- Rent
- Rent Per SQFT
- $3,850
- $1.61
PROPERTY LISTING DETAILS
Oc Realty Corp.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21013261
Last Updated: 02/19/2021
