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19102 Laura Lane Yorba Linda, CA 92886

4 Beds 3 Baths 2,727 sqft Built 1977

INVESTimate

$1,125,000

List Price

$3,990

$3,740 - $4,240

Rent Est.

$1,175,513  ( +4.49%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $412.54
  • 35 Days on Market
  • MLS # : OC20116694
  • Updated Date : 08/18/2020 at 12:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,727 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Home Services

Listing Agent's Description

THIS IS IT! Welcome home to this exquisite home on 19102 Laura Lane, located on a PRIVATE cul-de-dac. This home has ALL of the BELLS and WHISTLES! This old world style home is PERFECT for entertaining! LIGHT and BRIGHT large open kitchen with granite counter tops. Travertine flooring throughout the entire first floor AND hardwood flooring on the second floor and stairs. TWO fireplaces, one in the dining area and one in the MASTER bedroom. Master shower has dual shower heads. Double sinks in both master AND upstairs guest bath. LARGE bedrooms. UPGRADED exterior facade. NEWLY painted wrought iron fencing. LAUNDRY CHUTE. Lot is large enough to have RV parking or have a horse on the lower portion of the lot. Newly painted/refinished stucco on the retaining walls outside. BEAUTIFUL landscape. Backyard is PERFECT for relaxing with a cup of coffee and enjoying the morning OR at night watching the sunset! This home affords you the PRIVACY you want AND is minutes from shopping and the freeway.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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
Glenview Elementary School Primary Regular 364 13 5
Bernardo Yorba Middle School Middle Regular 643 25 9
Esperanza High School High Regular 1,858 72 8

Glenview Elementary School

  • Education Level: Primary
  • # of students: 364
  • # of teachers: 13
5
GreatSchools Rating

Bernardo Yorba Middle School

  • Education Level: Middle
  • # of students: 643
  • # of teachers: 25
9
GreatSchools Rating

Esperanza High School

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

$1,012,500$1,237,500$1,125,000

PURCHASE PRICE

$3,591$4,389$3,990

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,990
EXPENSES Loan Payment -$4,151
Property Tax -$1,118
Property Insurance -$93
Property Management Fees -$196
CASH FLOW
-$1,567

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.

$1,125,000

PROJECTED PRICE

$3,990

PROJECTED RENT

0.35%

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$303,875

INVESTMENT

$303,875

Down Payment
$281,250
Rehab Estimate
$5,750
Closing Costs
$16,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $281,250
Loan Amount $843,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,990

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $4,070

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,7503$3,9904$4,0005$4,200
$4,200
RENT COMPS ANALYSIS
  • 19102 Laura Lane Yorba Linda, 3
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $1.46
    •  
  • 1740 N Glenview Avenue Anaheim, 1
    • 5 beds 3 baths ∙ 2,400 Sqft ∙ Built 1966 5 beds 3 baths ∙ 2,400 Sqft ∙ Built 1966
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.38
    •  
  • 5283 Via Andalusia Yorba Linda, 2
    • 3 beds 3 baths ∙ 2,403 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,403 Sqft ∙ Built 1989
    LEASED 04/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.56
    •  
  • 6330 Golden Gate Drive Yorba Linda, 4
    • 4 beds 3 baths ∙ 2,665 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,665 Sqft ∙ Built 1992
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.50
    •  
  • 20095 Paseo Lorenzo Yorba Linda, 5
    • 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1981
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.53
    •  
PROPERTY LISTING DETAILS
Shelli Banko
Berkshire Hathaway Home Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20116694
Last Updated: 08/18/2020
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