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19956 Ridge Manor Way #33 Yorba Linda, CA 92886

3 Beds 2 Baths 1,095 sqft Built 1979

$539,800

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $492.97
  • 5 Days on Market
  • MLS # : SW21012700
  • Updated Date : 01/20/2021 at 13:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,095 sqft
  • Baths : 2 full
Listing Agent

Listed Simply

Listing Agent's Description

Top of Fairmont Hill with a beautiful view. A single-story condominium home with 3 bedrooms, 2 bathrooms and two patios. It’s fully and gorgeously upgraded, completely renovated, and modernized. Turnkey starter home or downsize from a large home, available today but who knows for how long? This home is located on the top of the beautiful sought-after Fairmont Hill community surrounded by pretty hills and trees for that country living feel. Walk into this upgraded home and see the brand new, water proof and low-maintenance, state of the art vinyl plank floors of the open living room, dining, recessed lighting, crystal chandelier, custom baseboards, crown molding, inside laundry room, and luxury upgraded kitchen. In the kitchen, you will love the custom designed brand-new white kitchen cabinets (lots of them), quartz countertop, custom tile backsplash, and brand name stainless-steel appliances. Both bathrooms have been fully modernized with new baths to quartz vanities. The bedrooms are inviting and have ceiling fans in each room. An energy efficient brand-new air conditioner unit with central heating and A/C is going to keep you comfortable. This corner unit has two big private patios with one patio facing the gorgeous view of Anaheim hills. Fairmont Hill community has a ton of guest parking and is a short walk to the 2 pools/spas, a handball court, Tennis court, children's playground and beautiful greenbelts.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
Glenknoll Elementary School Primary Regular 507 17 8
Bernardo Yorba Middle School Middle Regular 643 25 9
Esperanza High School High Regular 1,858 72 8

Glenknoll Elementary School

  • Education Level: Primary
  • # of students: 507
  • # of teachers: 17
8
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
 

$485,820$593,780$539,800

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,875
Property Tax -$551
Property Insurance -$54
HOA -$335
Property Management Fees -$118
CASH FLOW
-$532

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.

$539,800

PROJECTED PRICE

$2,400

PROJECTED RENT

0.44%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,797

INVESTMENT

$148,797

Down Payment
$134,950
Rehab Estimate
$5,750
Closing Costs
$8,097

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,875

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,950
Loan Amount $404,850
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $2.19

    LIST RENT PER SQFT
  • $2,190

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,7004$2,7805$2,900
$2,900
RENT COMPS ANALYSIS
  • 19956 Ridge Manor Way Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,095 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,095 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $2.19
    •  
  • 6628 Kameha Circle Yorba Linda, CA 2
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1964
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.00
    •  
  • 21141 Via Canon Yorba Linda, CA 3
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.00
    •  
  • 5823 E Camino Pinzon Anaheim Hills, CA 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.99
    •  
  • 5602 Brookhill Drive Yorba Linda, CA 5
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1969
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.01
    •  
PROPERTY LISTING DETAILS
Sinan Zakaria
Listed Simply
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21012700
Last Updated: 01/20/2021
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