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19738 Marsala Drive Yorba Linda, CA 92886

6 Beds 3 Baths 2,635 sqft Built 1972

INVESTimate

$849,900

List Price

$3,690

$3,440 - $3,940

Rent Est.

$888,061  ( +4.49%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $322.54
  • 15 Days on Market
  • MLS # : PW20150584
  • Updated Date : 08/15/2020 at 07:47
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,635 sqft
  • Baths : 2 full , 1 half
Listing Agent

Seven Gables Real Estate

Listing Agent's Description

If spacious is what you want, and multiple bedrooms is what you need, this beautiful home with a well-designed floor plan is waiting for you! Centrally located to shopping and entertainment, this 2,635 sq. ft. home sits on a large 5.616 sq. ft. lot with a nicely landscaped front yard and ample space in the rear for gardening, entertaining, relaxing, or simply enjoying the park view. As you enter the front door, a large living room with vaulted ceiling awaits. A formal dining room provides access to a well-equipped kitchen with multiple windows that allow abundant natural light. A family room with gas burning fireplace and raised brick hearth is adjacent, encouraging entertaining and family gatherings with food prep just steps away. Entrance to the laundry room and attached 2 car garage and access to the rear patio is also provided from this room. A conveniently located powder bath rounds out the first-floor amenities. The second floor is home to all six bedrooms including one with an ensuite. A second full bath is also provided. The space on this level provides an opportunity to reconfigure to any number of floor plans that would best suit the new owner’s needs. Three of the bedrooms are accessible through an office / student work area that is perfect for home schooling. Endless possibilities await the next lucky owner.

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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
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
 

$764,910$934,890$849,900

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$3,136
Property Tax -$847
Property Insurance -$91
Property Management Fees -$181
CASH FLOW
-$564

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.

$849,900

PROJECTED PRICE

$3,690

PROJECTED RENT

0.43%

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$230,974

INVESTMENT

$230,974

Down Payment
$212,475
Rehab Estimate
$5,750
Closing Costs
$12,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,475
Loan Amount $637,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$19,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $3,935

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,690
1$3,6902$4,1003$4,2004$4,500
$4,500
RENT COMPS ANALYSIS
  • 19738 Marsala Drive Yorba Linda, 1
    • 6 beds 3 baths ∙ 2,635 Sqft ∙ Built 1972 6 beds 3 baths ∙ 2,635 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.40
    •  
  • 20605 Deodar Drive Yorba Linda, 2
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 1982 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 1982
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.41
    •  
  • 3510 Fairmont Boulevard Yorba Linda, 3
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 1990
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.50
    •  
  • 4485 San Antonio Road Yorba Linda, 4
    • 5 beds 3 baths ∙ 2,866 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,866 Sqft ∙ Built 1987
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.57
    •  
PROPERTY LISTING DETAILS
Douglas Willits
Seven Gables Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20150584
Last Updated: 08/15/2020
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