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20620 Via Bilbao Yorba Linda, CA 92887

3 Beds 3 Baths 2,300 sqft Built 1991

$929,000

List Price

$4,010

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $403.91
  • 3 Days on Market
  • MLS # : OC21014594
  • Updated Date : 01/23/2021 at 22:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,300 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

ABSOLUTELY STUNNING & MOVE IN READY! The entire home has been updated with fresh paint, new wide plank luxury flooring downstairs and new designer carpet upstairs. This exquisite property offers an open concept floor plan with an indoor/outdoor feel. The open concept floor plan boasts 2300 SqFt., 3 Beds, 2.5 Baths, two living rooms, formal dining and eat in kitchen. The spacious kitchen offers white custom cabinetry, brand new quartz counter tops w/ single basin stainless steel sink, custom marble backsplash, updated stainless steel appliances & opens to the spacious eat-in breakfast nook, living areas & backyard entertaining space. The master bedroom is spacious & airy with dual closets, en suite master bath with double vanities, new walk-in shower and soaking tub. Two additional bedrooms and a full bath complete the upstairs. Located on a cul-de-sac on one of the best and most private lots in Yorba Linda with sweeping hillside views from the master and is truly one-of-a-kind. NO MELLO ROOS. Low HOA & Tax Base. The community offers resort style amenities including lake access, boat rentals, a pool, spa, clubhouse, lighted tennis courts, gym/fitness facility, tot lot, BBQ, picnic areas and more. The home has been virtually staged.

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

Neighborhood: East Lake Village

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1189k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: East Lake Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814054

* 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
Esperanza High School High Regular 1,858 72 8

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

Esperanza High School

  • Education Level: High
  • # of students: 1,858
  • # of teachers: 72
8
GreatSchools Rating
 

$836,100$1,021,900$929,000

PURCHASE PRICE

$3,609$4,411$4,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,010
EXPENSES Loan Payment -$3,227
Property Tax -$946
Property Insurance -$83
HOA -$87
Property Management Fees -$196
CASH FLOW
-$529

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.

$929,000

PROJECTED PRICE

$4,010

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$251,935

INVESTMENT

$251,935

Down Payment
$232,250
Rehab Estimate
$5,750
Closing Costs
$13,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,227

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $232,250
Loan Amount $696,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$19,493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,010

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $3,611

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4003$3,6004$3,9005$4,010
$4,010
RENT COMPS ANALYSIS
  • 20620 Via Bilbao Yorba Linda, CA 5
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $4,010
    • $1.74
    •  
  • 4605 Via Del Buey Yorba Linda, CA 1
    • 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1986
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.47
    •  
  • 4580 Via Lourdes Yorba Linda, CA 2
    • 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
    •  
  • 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
    •  
  • 20010 Livorno Lane Yorba Linda, CA 4
    • 3 beds 3 baths ∙ 2,418 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,418 Sqft ∙ Built 2009
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.61
    •  
PROPERTY LISTING DETAILS
Lauren Cooper
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21014594
Last Updated: 01/23/2021
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