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19682 Marsala Drive Yorba Linda, CA 92886

4 Beds 3 Baths 2,635 sqft Built 1972

$905,000

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $343.45
  • 4 Days on Market
  • MLS # : PW20227525
  • Updated Date : 11/27/2020 at 20:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,635 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Charming Fairmont Knolls Estate, just in time for the holidays! Sitting on arguably the best lot location in the community, this versatile home features dual master bedrooms, gorgeous tile and hardwood floors throughout. The grand entryway draws you into a voluminous layout made for entertaining. Vaulted ceilings and sprawling windows are the dramatic focal point of the main level, accompanied by a formal dining room, upgraded kitchen with plenty of cabinets, den/family room with a brick fireplace and dual glass doors to the backyard. Original master bedroom features a walk in closet, view of the park, and Juliet balcony. The bathroom adorns a shower and tub combination, pedestal sink, and make-up vanity. The brand-new master bedroom showcases a relaxing master retreat, walk in closet, and dual ceiling fans. Step into the spacious master bathroom boasting a plethora of counter space and lighting, make-up vanity, linen closet, modern dual glazed-slider doors, and a bathtub with shower. In addition there are two more sizable bedrooms and another full bathroom upstairs. Additional amenities include main level inside laundry room, all new HVAC/ducting system, new copper plumbing, Fiber-optic cable, OWNED Solar and Water Softening systems, Bose Surround sound speakers, almost two dozen fruit producing trees, and much more. Walking distance to Yorba Linda HS, Bernardo Yorba Middle, Fairmont Elementary, Trader Joes and lots of other stores, shops and restaurants. Need I say more?

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)
  • 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)
  • 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)

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
Fairmont Elementary School Primary Regular 861 30 10
Fairmont Elementary School Middle Regular 861 30 10
Yorba Linda High School High Regular 1,768 64 10

Fairmont Elementary School

  • Education Level: Primary
  • # of students: 861
  • # of teachers: 30
10
GreatSchools Rating

Fairmont Elementary School

  • Education Level: Middle
  • # of students: 861
  • # of teachers: 30
10
GreatSchools Rating

Yorba Linda High School

  • Education Level: High
  • # of students: 1,768
  • # of teachers: 64
10
GreatSchools Rating
 

$814,500$995,500$905,000

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$3,339
Property Tax -$902
Property Insurance -$91
Property Management Fees -$183
CASH FLOW
-$784

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.

$905,000

PROJECTED PRICE

$3,730

PROJECTED RENT

0.41%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$245,575

INVESTMENT

$245,575

Down Payment
$226,250
Rehab Estimate
$5,750
Closing Costs
$13,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,339

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $226,250
Loan Amount $678,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$10,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,730

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $3,715

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4003$3,7304$3,9005$4,200
$4,200
RENT COMPS ANALYSIS
  • 19682 Marsala Drive Yorba Linda, CA 3
    • 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,730
    • $1.42
    •  
  • 4972 Ohio Street Yorba Linda, CA 1
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1980
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.39
    •  
  • 21505 Via Espana Yorba Linda, CA 2
    • 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 1987
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.31
    •  
  • 20460 Via Canarias Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1990
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.41
    •  
  • 20095 Paseo Lorenzo Yorba Linda, CA 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
Daniel Hopp
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20227525
Last Updated: 11/27/2020
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