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28540 Evening Breeze Drive Yorba Linda, CA 92887

4 Beds 3 Baths 2,701 sqft Built 1989

$1,100,000

List Price

$4,050

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $407.26
  • 3 Days on Market
  • MLS # : PW21029048
  • Updated Date : 02/12/2021 at 09:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,701 sqft
  • Baths : 3 full
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

Welcome to your private oasis in the hills of Yorba Linda with a stunning view of Anaheim Hills. Upon entry you will be greeted with expansive wrought iron and glass double doors that is sure to impress everyone. Highly upgraded kitchen including large built in sub zero fridge, 6 burner cooktop, large island, under cabinet lighting, accent lights in glass cabinets, granite countertops throughout, all while enjoying the unobstructed stunning view. Plantation Shutters throughout. Don't let working from home get you down, this amazing downstairs office includes a large built in desk complete with an en-suite bathroom and shower. Enjoy your quiet evenings in your large master suite complete with dual sided fireplace and built in deck to enjoy the stunning views and sunsets. Upgraded master bath with natural stone and granite counters, large walk in closet with custom built ins. If you like to entertain, this yard is a dream come true for you. Beautiful pool and spa with waterfalls, stacked stone, newly resurfaced and tiled pool. Brand new outdoor BBQ Cabana and kitchen complete with refrigerator, built in BBQ, sink, large TV, firepit and waterfall. Don't miss this opportunity to own in this highly sought after community, walking distance to local parks, tennis courts, hiking and biking trails. Highly accredited Yorba Linda High School close by.

SEE MORE

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

Zip Code: 92887

ZipNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1132k

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

Zip Code: 92887

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813872

* 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,645$4,455$4,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,050
EXPENSES Loan Payment -$3,821
Property Tax -$1,148
Property Insurance -$92
Property Management Fees -$198
CASH FLOW
-$1,210

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.

$1,100,000

PROJECTED PRICE

$4,050

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.0%
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$20k

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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$2,239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,050

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $4,328

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,0503$4,2004$4,4955$4,500
$4,500
RENT COMPS ANALYSIS
  • 28540 Evening Breeze Drive Yorba Linda, CA 2
    • 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $1.50
    •  
  • 5595 Delacroix Way Yorba Linda, CA 1
    • 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
    •  
  • 5555 Shady Creek Lane Yorba Linda, CA 3
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1990
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.67
    •  
  • 5545 Leafy Meadow Lane Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 1990
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $1.63
    •  
  • 5505 Feather Grass Lane Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 1989
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.63
    •  
PROPERTY LISTING DETAILS
Nicole Rosenfeld
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21029048
Last Updated: 02/12/2021
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