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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $505.27
- 11 Days on Market
- MLS # : OC21145039
- Updated Date : 07/07/2021 at 16:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,801 sqft
- Baths : 2 full , 1 half
Listing Agent
Blueprint Realty
Listing Agent's Description
Welcome home to this beautifully remodeled turnkey property. Enter the private courtyard through the custom wrought iron gate and you will notice the freshly painted exterior with new fascia boards and gutters. Continue through the courtyard to a resort style backyard with tropical plants and a unique built in "spool" (half spa and half wading pool). Upon entering the double door front entrance, you will be greeted by soaring vaulted ceilings as well as a formal living and dining room accented with porcelain wood tile flooring, and an updated gas fireplace. The modern kitchen features quartz countertops, brand new GE CAFE stainless appliances (smart refrigerator, gas double oven range, built in microwave), abundant cabinetry, and breakfast nook. The family room contains a built in TV cabinet (to keep your components out of view) and window views of your backyard paradise. As you head up the stairs, you can't miss the stunning new staircase with backlit distressed wood accent wall. Upstairs you will find two secondary bedrooms and a re-modeled full bathroom which has a modern yet classic feel. You will also find the generous sized master suite which is complete with walk in closet, dual sinks with quartz counter tops, high tech lighted mirror and a gorgeous re-modeled walk-in shower with multiple shower heads and body sprayers. Additional Features of this home include: vaulted ceilings, dimmable recessed lighting, new A/C condenser unit, Updated 200 amp electrical panel, newer pool heater and motor, newer double pane low-E windows, security system, ring doorbell, new carpet, smart thermostat, plenty of garage storage which includes hanging ceiling racks. Home is located in the Yorba Linda High School Boundaries. Nearby parks, walking trails, Freeway access.
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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
Neighborhood: Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anaheim Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,250 |
| EXPENSES | Loan Payment | -$3,161 |
| Property Tax | -$950 | |
| Property Insurance | -$71 | |
| HOA | -$38 | |
| Property Management Fees | -$159 | |
|
CASH FLOW
-$1,129
|
||
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.
$910,000
PROJECTED PRICE
$3,250
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$246,900
LOAN DETAILS
$3,161
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $227,500 |
| Loan Amount | $682,500 |
0.33
YEARS SAVED
$487
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,250
LIST RENT -
$1.8
LIST RENT PER SQFT
-
$3,260
COMP ESTIMATED VALUE -
$1.81
COMP AVG. RENT PER SQFT
Comps Range
-
25532 Palermo Way Yorba Linda, CA 2
- 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $3,250
- $1.80
-
5917 San Remo Way Yorba Linda, CA 1
- 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1987
![property image]()
LEASED 02/15/20- Rent
- Rent Per SQFT
- $3,095
- $1.72
-
23930 Nicole Way Yorba Linda, CA 3
- 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 1997
![property image]()
LEASED 05/17/21- Rent
- Rent Per SQFT
- $3,495
- $1.81
-
5700 Picasso Drive Yorba Linda, CA 4
- 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1990
![property image]()
LEASED 12/16/20- Rent
- Rent Per SQFT
- $3,500
- $1.82
-
25547 Palermo Way Yorba Linda, CA 5
- 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1987
![property image]()
LEASED 03/04/21- Rent
- Rent Per SQFT
- $3,800
- $1.89
PROPERTY LISTING DETAILS
Blueprint Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21145039
Last Updated: 07/07/2021
