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24080 Rancho Santa Ana Road Yorba Linda, CA 92887

4 Beds 3 Baths 2,498 sqft Built 1998

$925,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $370.30
  • 4 Days on Market
  • MLS # : OC20247122
  • Updated Date : 11/27/2020 at 22:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,498 sqft
  • Baths : 3 full
Listing Agent

Trupoint

Listing Agent's Description

This home really has it all! It’s a perfect 4 Bed 3 Bath 2498 sqft home build in 1998 in the sought after Historical Bryant Ranch part of Yorba Linda. Your new home will be on a flat street neighborhood that is lined with mature pomegranate trees available to pick and eat each year. Create lasting memories in your new home, as this is an entertainers dream. Award winning schools, including the amazing new Yorba Linda High School. Wonderfully designed upgraded open kitchen with a kitchen island and a mini fridge. Another entertaining focal point and just pure fun is the built in pool and hot tub, large built in BBQ and Island, and an outdoor pizza/Brazilian oven to really stand out with your friends and family! Don’t like paying your high electric bill? Well this home comes with an owned solar system, say goodbye to those electric bills! Newer double pained windows throughout and new Lennox HVAC system. There is a bedroom or office on the main floor for those working at home or need a 1st floor room. Stunningly designed master bedroom and en suite bathroom is a nice retreat after a long day of work or play, his and her vanities, separate bathtub and shower, and a large walk in closet. You also have a loft upstairs for a play area or den. No HOA. Come see this home before it’s gone and end your home search with a home that has it all! 3D Tour Link: https://vt.plushglobalmedia.com/tour/TT17GEKK87

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k938k

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

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18223818

* 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
Bryant Ranch Elementary School Primary Regular 568 19 9
Travis Ranch Elementary-middle School Middle Regular 1,334 50 8
Yorba Linda High School High Regular 1,768 64 10

Bryant Ranch Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 19
9
GreatSchools Rating

Travis Ranch Elementary-middle School

  • Education Level: Middle
  • # of students: 1,334
  • # of teachers: 50
8
GreatSchools Rating

Yorba Linda High School

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

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$3,413
Property Tax -$966
Property Insurance -$87
Property Management Fees -$175
CASH FLOW
-$1,071

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.

$925,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
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

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $3,653

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5003$3,5004$3,5705$3,650
$3,650
RENT COMPS ANALYSIS
  • 24080 Rancho Santa Ana Road Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $1.43
    •  
  • 5740 Cajon Canal Circle Yorba Linda, CA 1
    • 5 beds 3 baths ∙ 2,453 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,453 Sqft ∙ Built 1999
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.43
    •  
  • 5635 Delacroix Way Yorba Linda, CA 2
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 1989
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.42
    •  
  • 5640 Van Gogh Way Yorba Linda, CA 3
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 1992
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.42
    •  
  • 5645 Delacroix Way Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1990
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.58
    •  
PROPERTY LISTING DETAILS
Nicholas Keener
Trupoint
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20247122
Last Updated: 11/27/2020
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