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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $383.08
- 7 Days on Market
- MLS # : RS21026422
- Updated Date : 02/13/2021 at 15:38
CONSTRUCTION
- Beds : 4
- Floor Size : 2,506 sqft
- Baths : 2 full
Listing Agent
Glp & Associates Inc
Listing Agent's Description
The entire house was repiped with pex on January, 2019. It is still under warranty and the warranty can be transferred to the new owner prior to the close of escrow with little to no cost. You will enter through the double doors to an amazing living room and formal dining room with an elegant fireplace. The entrance has beautiful polished tile flooring. The kitchen has been totally remodeled with crisp white cabinetry which opens to the family room with a cozy fireplace. The master suite has its own private balcony ideal for some quiet time with nature. There are many other amenities! You need to come and see!
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MARKET HIGHLIGHTS
- 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)
- 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.
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 | $3,770 |
| EXPENSES | Loan Payment | -$3,334 |
| Property Tax | -$1,002 | |
| Property Insurance | -$88 | |
| Property Management Fees | -$185 | |
|
CASH FLOW
-$839
|
||
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.
$959,988
PROJECTED PRICE
$3,770
PROJECTED RENT
0.39%
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
$260,147
LOAN DETAILS
$3,334
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $239,997 |
| Loan Amount | $719,991 |
1.42
YEARS SAVED
$6,989
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,770
LIST RENT -
$1.5
LIST RENT PER SQFT
-
$3,803
COMP ESTIMATED VALUE -
$1.52
COMP AVG. RENT PER SQFT
Comps Range
-
28140 Meadow Land Drive Yorba Linda, CA 3
- 4 beds 2 baths ∙ 2,506 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,506 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $3,770
- $1.50
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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
- Rent Per SQFT
- $3,380
- $1.46
-
5645 Delacroix Way Yorba Linda, CA 2
- 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 4
- 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
-
5635 Van Gogh Way Yorba Linda, CA 5
- 5 beds 2 baths ∙ 2,644 Sqft ∙ Built 1991 5 beds 2 baths ∙ 2,644 Sqft ∙ Built 1991
LEASED 02/07/21- Rent
- Rent Per SQFT
- $4,100
- $1.55
PROPERTY LISTING DETAILS
Glp & Associates Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: RS21026422
Last Updated: 02/13/2021
