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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $237.15
- 3 Days on Market
- MLS # : IV20259317
- Updated Date : 12/19/2020 at 11:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,509 sqft
- Baths : 3 full
Listing Agent
Superior Properties Group
Listing Agent's Description
Amazing views of the hillside and the 91 freeway from the privacy of the backyard. This property does not currently qualify for financing. It is for the handyman that want's to turn this into their dream home or for an investor that wants to rehab it to a good family.
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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: Bryant Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bryant Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,670 |
| EXPENSES | Loan Payment | -$2,195 |
| Property Tax | -$621 | |
| Property Insurance | -$88 | |
| HOA | -$325 | |
| Property Management Fees | -$180 | |
|
CASH FLOW
$261
|
||
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.
$595,000
PROJECTED PRICE
$3,670
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 3.6% |
| 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
$163,425
LOAN DETAILS
$2,195
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $148,750 |
| Loan Amount | $446,250 |
8
YEARS SAVED
$73,451
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,670
LIST RENT -
$1.46
LIST RENT PER SQFT
-
$3,726
COMP ESTIMATED VALUE -
$1.48
COMP AVG. RENT PER SQFT
Comps Range
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27770 Tamara Drive Yorba Linda, CA 4
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- $3,670
- $1.46
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5515 Picasso Drive Yorba Linda, CA 1
- 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1990
LEASED 10/06/19- Rent
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- $3,380
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5640 Van Gogh Way Yorba Linda, CA 2
- 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 3
- 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
-
5595 Delacroix Way Yorba Linda, CA 5
- 5 beds 3 baths ∙ 2,644 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,644 Sqft ∙ Built 1990
LEASED 09/25/19- Rent
- Rent Per SQFT
- $3,900
- $1.48
PROPERTY LISTING DETAILS
Superior Properties Group
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20259317
Last Updated: 12/19/2020
