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20172 Westwind Court #32 Yorba Linda, CA 92886

3 Beds 2 Baths 1,064 sqft Built 1972

$555,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $521.62
  • 3 Days on Market
  • MLS # : PW21063275
  • Updated Date : 03/27/2021 at 22:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,064 sqft
  • Baths : 2 full
Listing Agent

Partners Real Estate Group

Listing Agent's Description

If you need a single story home that will make you smile the minute you open the front gate this is IT. A front patio area with stepping stones leads to the front door. Once inside the living room with its vaulted ceiling, track lighting, fireplace, laminate flooring and fresh paint you can't wait to see the rest of the home. The open floor plan kitchen/family room has Frigidaire appliances, granite counter tops, custom cabinets and views of the hills, lights and trees. There is room for your dinning table, and other furniture. A sliding door opens to the patio bringing the outdoors in. Patio has pavers and an area for either a dog run or perhaps a garden. The three bedrooms all have fresh paint. One bedroom has a mirrored wardrobe, the other a walk in closet. The hall bath has been remodeled featuring a tiled tub enclosure, new vanity and lights. The main bedroom has a walk in closet with custom organizers ,ceiling fan and an automated shade covering the sliding door to the patio. The private bath has a tiled walk-in shower with multi shower heads. dual vanities with designer faucets and lots of light. Laminate flooring in all rooms, except baths. Recessed lighting, with rheostat switches in all rooms, except living room. Every room has sensor light on Z wave. New 2 stage Lennox AC. 200amp electrical panel . New outdoor lights . Storage shelves in garage. This home qualifies as "Turn Key". Seller is related to agent Woodgate Park borders the Community.

SEE MORE

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
Bernardo Yorba Middle School Middle Regular 643 25 9
Esperanza High School High Regular 1,858 72 8

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
 

$499,500$610,500$555,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,928
Property Tax -$562
Property Insurance -$53
HOA -$300
Property Management Fees -$120
CASH FLOW
-$522

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.

$555,000

PROJECTED PRICE

$2,440

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$152,825

INVESTMENT

$152,825

Down Payment
$138,750
Rehab Estimate
$5,750
Closing Costs
$8,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,928

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $138,750
Loan Amount $416,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,023

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $2.29

    LIST RENT PER SQFT
  • $2,124

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,5003$2,7004$2,780
$2,780
RENT COMPS ANALYSIS
  • 20172 Westwind Court Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $2.29
    •  
  • 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
    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
    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
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.99
    •  
PROPERTY LISTING DETAILS
Patricia Higgins
Partners Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21063275
Last Updated: 03/27/2021
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