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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $372.94
- 6 Days on Market
- MLS # : OC21149151
- Updated Date : 07/10/2021 at 17:42
CONSTRUCTION
- Beds : 4
- Floor Size : 2,791 sqft
- Baths : 3 full
Listing Agent
Premier Estates And Investments
Listing Agent's Description
Gorgeous turnkey 2 story home in the beautiful Yorba Linda. Home features 4 bedrooms, 3 baths with spacious 2,791 of living sqft. Upon entering the new double entry doors, you are welcome to the large living room with a high vaulted ceiling. This home has just been updated with new interior paint, luxury vinyl flooring, new plantation shutters. On the first floor is the formal dining room, family room with a wet bar, breakfast area and a large kitchen. The beautiful handcrafted wood staircase leads up to all the bedrooms, laundry room and the den. The master bedroom includes a large master bath with stand up shower, double vanities and a walk in closet. Rear yard is any entertainer's delight to make memories with your family and friends. They will all enjoy the spa, large entertaining area or the chilling on a hammock. This home is truly what dreams are made of!!
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MARKET HIGHLIGHTS
- 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)
- 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]
PRICE & RENT TRENDS
Zip Code: 92887
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92887
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,400 |
| EXPENSES | Loan Payment | -$3,615 |
| Property Tax | -$1,006 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$216 | |
|
CASH FLOW
-$531
|
||
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.
$1,040,866
PROJECTED PRICE
$4,400
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 4.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.81% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$281,579
LOAN DETAILS
$3,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $260,217 |
| Loan Amount | $780,650 |
3.17
YEARS SAVED
$26,971
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,400
LIST RENT -
$1.58
LIST RENT PER SQFT
-
$4,424
COMP ESTIMATED VALUE -
$1.59
COMP AVG. RENT PER SQFT
Comps Range
-
21260 Via Del Venado Yorba Linda, CA 2
- 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $4,400
- $1.58
-
5525 Via Sepulveda Yorba Linda, CA 1
- 4 beds 3 baths ∙ 2,832 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,832 Sqft ∙ Built 1979
![property image]()
LEASED 05/14/21- Rent
- Rent Per SQFT
- $4,400
- $1.55
-
5400 Via Cervantes Yorba Linda, CA 3
- 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1990
![property image]()
LEASED 11/16/20- Rent
- Rent Per SQFT
- $4,500
- $1.61
-
5416 Avenida El Cid Yorba Linda, CA 4
- 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 1994
![property image]()
LEASED 11/13/20- Rent
- Rent Per SQFT
- $4,500
- $1.57
-
5270 Paseo Panorama Yorba Linda, CA 5
- 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1984
![property image]()
LEASED 12/29/20- Rent
- Rent Per SQFT
- $4,800
- $1.61
PROPERTY LISTING DETAILS
Premier Estates And Investments
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21149151
Last Updated: 07/10/2021
