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3486 Caraway Lane Yorba Linda, CA 92886

3 Beds 3 Baths 2,518 sqft Built 2004

$799,900

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $317.67
  • 5 Days on Market
  • MLS # : PW21002203
  • Updated Date : 01/09/2021 at 14:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,518 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Welcome to this Tuscan-inspired home located in the Vista del Verde community of Canterbury. Canterbury is a small enclave of homes near the 4th hole at Black Gold Golf Course and is close to over 400 miles of horse trails that lead to Carbon Canyon Regional Park, home to some of the oldest redwoods in the county! This beautiful well cared for home is situated across the street from the community pool and spa and offers a wonderful hill view. Upon entry you are greeted by an expansive open floor plan complete with high ceilings and two spacious living rooms with maintenance free electric fireplace. For the entertainer, there is a formal dining room and a chef’s quality kitchen with built in desk area. The large master suite has a luxurious soaking tub, separate shower a spacious walk in closet and outdoor balcony. The secondary bedroom is self-contained with a full en suite bathroom and large walk in closet. The third bedroom is used as a private office and can easily be converted. Additional features include new paint and carpet, an abundance of storage and large 2 car garage with extra storage space. The Canterbury community is close to shopping, dining, entertainment for all ages and award winning schools.

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: 92886

ZipNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k938k

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

Zip Code: 92886

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Lakeview Elementary School Primary Regular 502 18 8
Yorba Linda Middle School Middle Regular 922 34 8
El Dorado High School High Regular 1,904 73 8

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 18
8
GreatSchools Rating

Yorba Linda Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 34
8
GreatSchools Rating

El Dorado High School

  • Education Level: High
  • # of students: 1,904
  • # of teachers: 73
8
GreatSchools Rating
 

$719,910$879,890$799,900

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$2,778
Property Tax -$778
Property Insurance -$88
HOA -$295
Property Management Fees -$170
CASH FLOW
-$639

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.

$799,900

PROJECTED PRICE

$3,470

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,470

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $3,739

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,4503$3,4704$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 3486 Caraway Lane Yorba Linda, CA 3
    • 3 beds 3 baths ∙ 2,518 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,518 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,470
    • $1.38
    •  
  • 3424 Caraway Lane Yorba Linda, CA 1
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.39
    •  
  • 17253 Coriander Court Yorba Linda, CA 2
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2004
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.47
    •  
  • 3721 Camino Cermenon Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2002
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.54
    •  
  • 17074 Camino Ayala Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2002
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.54
    •  
PROPERTY LISTING DETAILS
Michael Kelly
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21002203
Last Updated: 01/09/2021
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