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19982 Avenida Puesta Del Sol Yorba Linda, CA 92886

4 Beds 2 Baths 1,715 sqft Built 1969

$825,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $481.05
  • 4 Days on Market
  • MLS # : PW20263357
  • Updated Date : 01/02/2021 at 11:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

A-med Realty Group

Listing Agent's Description

Beautiful single story home nestled in the quiet Yorba Linda neighborhood. Property sits on a large lot, larger than most properties in area. Home consist of 4 bedrooms, 2 baths and is currently used as a residential care facility for the elderly. Owner does not operate the business and currently leases the property for $4000 a month to current tenant. Property has been used as a residential care facility for over 13 years. Business is not being sold. Great opportunity to purchase an investment property that has very little turn over and is very stable.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$3,044
Property Tax -$818
Property Insurance -$69
Property Management Fees -$158
CASH FLOW
-$859

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.

$825,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $3,228

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2303$3,4004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 19982 Avenida Puesta Del Sol Yorba Linda, CA 2
    • 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $1.88
    •  
  • 4516 Avenida De Las Flores Yorba Linda, CA 1
    • 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1971
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.91
    •  
  • 19802 Ravenna Drive Yorba Linda, CA 3
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1972
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.94
    •  
  • 4372 Via Miguel Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1987
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.84
    •  
  • 4680 Via Del Buey Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1985
    property image
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.84
    •  
PROPERTY LISTING DETAILS
Amed Franco
A-med Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20263357
Last Updated: 01/02/2021
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