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20563 Deodar Drive Yorba Linda, CA 92886

4 Beds 2 Baths 2,297 sqft Built 1982

$995,000

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $433.17
  • 4 Days on Market
  • MLS # : PW21018110
  • Updated Date : 01/30/2021 at 07:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,297 sqft
  • Baths : 2 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Amazing opportunity to own a SINGLE STORY Home in the heart of Yorba Linda. Truly the "Land of Gracious Living". From the moment you walk in you'll feel you've arrived home. Spacious entry way leads you right into the expansive living and dining room. With high vaulted and beamed ceilings and skylights that bring in tons of natural light. Cozy brick fireplace with hearth and mantle for those chilly nights. The dining room overlooks the spacious backyard with low maintenance greenery and trees every where. Move into the light & bright kitchen with clean white cabinetry, Corian counter tops, stone backsplash, recessed lighting & a breakfast nook w/bench seating overlooking the backyard. Right off of the kitchen and breakfast counter is a family room and another brick fireplace offering yet another area for relaxation, entertaining, cocktail hour. The spacious master suite offers an extra large custom built-in white cabinet. Can be used as your dresser with tons of drawers. 2 separate closets with one being a walk in. The master bath has dual sinks, granite vanity, an enclosed walk in shower and even more custom built-in cabinetry. The other 3 bedrooms are spacious with one currently being used as an office and the other a TV room. The hall bathroom has dual sinks, granite vanity and a shower over the bath tub. The entry way has direct access to the 3-car garage with a laundry area. Must see this in person to appreciate!

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
Yorba Linda High School High Regular 1,768 64 10

Bernardo Yorba Middle School

  • Education Level: Middle
  • # of students: 643
  • # of teachers: 25
9
GreatSchools Rating

Yorba Linda High School

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

$895,500$1,094,500$995,000

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$3,456
Property Tax -$972
Property Insurance -$83
Property Management Fees -$182
CASH FLOW
-$982

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.

$995,000

PROJECTED PRICE

$3,710

PROJECTED RENT

0.37%

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

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$269,425

INVESTMENT

$269,425

Down Payment
$248,750
Rehab Estimate
$5,750
Closing Costs
$14,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,456

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,750
Loan Amount $746,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,710

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $3,692

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5003$3,6004$3,6505$3,710
$3,710
RENT COMPS ANALYSIS
  • 20563 Deodar Drive Yorba Linda, CA 5
    • 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $3,710
    • $1.62
    •  
  • 4580 Via Lourdes Yorba Linda, CA 1
    • 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1987
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.56
    •  
  • 21645 Via Pepita Yorba Linda, CA 2
    • 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1988
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.60
    •  
  • 21485 Via La Naranja Yorba Linda, CA 3
    • 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1988
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.64
    •  
  • 20710 Via Viento Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 1980
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.63
    •  
PROPERTY LISTING DETAILS
Wendy Emerson
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21018110
Last Updated: 01/30/2021
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