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17841 Buena Vista Avenue Yorba Linda, CA 92886

4 Beds 3 Baths 2,861 sqft Built 1976

$1,099,000

List Price

$3,930

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $384.13
  • 10 Days on Market
  • MLS # : PW21023814
  • Updated Date : 02/10/2021 at 21:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,861 sqft
  • Baths : 3 full
Listing Agent

Freedom First Properties

Listing Agent's Description

Welcome to the land of gracious living! This equestrian home, complete with a 2 horse barn (or convert to office? Adu?) is set on a generous sized lot! Step inside & appreciate the new paint in designer neutral white with a hint of grey, newer solid surface distressed wood style flooring & new carpet. Inside, the front room offers soaring ceilings, a used brick fireplace & an over-sized slider that lets the natural light pour in. This popular floorplan lives like a single story with only 2 bedrooms + a bathroom set a half flight up. The main level includes 2 spacious master bedrooms, each with ensuite bathroom (& one newly remodeled with a tiled shower), two family rooms, formal and casual dining areas + a custom kitchen w/an island, solid oak cabinets, white Corian counters & 5 windows that overlook the back yard! Smart home features include the sprinkler system + an Ecobee thermostat! Outside enjoy a sport court with a basketball hoop (former equestrian ring, could convert back), a large grassy area, an established pomegranate tree, the barn (1 stall used as a workshop) & room to add a pool/entertaining area/guest home/office! Out front, relax in a large, fully fenced courtyard with pavers or gather fruit from producing apricot, mango, nectaplum, jujube & orange trees. One side yard offers a dog run & the other, RV access! Oversized garage has space for storage on both sides! Solar panels (leased w/low fixed payment), new electrical panel & new FAU.

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
Linda Vista Elementary School Primary Regular 463 15 9
Yorba Linda Middle School Middle Regular 922 34 8
Esperanza High School High Regular 1,858 72 8

Linda Vista Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 15
9
GreatSchools Rating

Yorba Linda Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 34
8
GreatSchools Rating

Esperanza High School

  • Education Level: High
  • # of students: 1,858
  • # of teachers: 72
8
GreatSchools Rating
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$3,537$4,323$3,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,930
EXPENSES Loan Payment -$3,817
Property Tax -$1,082
Property Insurance -$96
Property Management Fees -$193
CASH FLOW
-$1,258

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.

$1,099,000

PROJECTED PRICE

$3,930

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,930

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $4,282

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$3,930
1$3,9302$3,9503$4,4004$4,850
$4,850
RENT COMPS ANALYSIS
  • 17841 Buena Vista Avenue Yorba Linda, CA 1
    • 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,930
    • $1.37
    •  
  • 18510 White Oak Drive Yorba Linda, CA 2
    • 4 beds 2 baths ∙ 2,867 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,867 Sqft ∙ Built 1975
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.38
    •  
  • 17417 Olive Tree Circle Yorba Linda, CA 3
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1977
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.47
    •  
  • 18220 Via Madera Yorba Linda, CA 4
    • 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 1975
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $1.64
    •  
PROPERTY LISTING DETAILS
Melinda Johnson
Freedom First Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21023814
Last Updated: 02/10/2021
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