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25532 Palermo Way Yorba Linda, CA 92887

3 Beds 3 Baths 1,801 sqft Built 1986

$910,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
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.

SEE MORE

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

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
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

Yorba Linda High School

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

$819,000$1,001,000$910,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

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

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

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$246,900

INVESTMENT

$246,900

Down Payment
$227,500
Rehab Estimate
$5,750
Closing Costs
$13,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,161

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $227,500
Loan Amount $682,500
See What Happens When You Reinvest Cash Flow

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
$3,095
1$3,0952$3,2503$3,4954$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 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
Chris Daddario
Blueprint Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21145039
Last Updated: 07/07/2021
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