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3560 Sunnyside Drive Yorba Linda, CA 92886

3 Beds 3 Baths 1,664 sqft Built 1985

$750,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $450.72
  • 5 Days on Market
  • MLS # : PW20250242
  • Updated Date : 12/02/2020 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,664 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

Tranquil Views of Mountains, Tree Tops & City Lights from Upgraded Home High in the Hills of Yorba Linda! Approx 1,664-SqFt Floorplan Offers 2 Master Suites Upstairs, Plus a Main Floor Bdrm & Bath w/Shower - No Steps on Bottom Level of Home! Freshly Painted Inside w/NEW Carpet & Luxury Vinyl Plank Flooring Thru-Out - Gorgeous Remodeled Kitchen Features Custom Cream Cabinetry, Granite Countertops w/Glass Tile Backsplash & Updated Stainless-Steel Appliances, Including Gas Oven/Range, Micro & Dishwasher - Bar Top Seating at Kitchen Peninsula w/Space for a Dining Table or Use as a Family Rm - Large Formal Living Rm w/High Vaulted Ceiling & Beautiful Stacked Stone Fireplace w/Mantle - Upstairs Master Suite #1 has Crown Molding, 2 Mirrored Wardrobes & Private Balcony Deck w/Scenic Views - Remodeled Master Bath w/New Dual Quartz Vanity & Updated Stone Shower/Tub - Second Master Suite has Private Bath w/New Honed Granite Vanity & Tub/Shower - Main Floor Bath is Also Updated w/New Quartz Vanity & Tiled Shower - Peaceful & Private Backyard w/Solid Covered Patio Space & Grass for Pets & Play - Attached 2-Car Garage w/Epoxy-Coated Flooring & Built-In Storage Above - Newer HVAC System & Water Heater - Dual-Pane Windows & Sliding Glass Doors - Award-Winning Placentia-Yorba Linda School District: Fairmont Elmntry, Bernardo Yorba Middle & YL High - No Mello Roos Tax - No HOA Dues - Surrounded by Miles of Horse/Walking Trails & Just Down the Street from Back Entrance to Chino Hills State Park

SEE MORE

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

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
Fairmont Elementary School Primary Regular 861 30 10
Fairmont Elementary School Middle Regular 861 30 10
Yorba Linda High School High Regular 1,768 64 10

Fairmont Elementary School

  • Education Level: Primary
  • # of students: 861
  • # of teachers: 30
10
GreatSchools Rating

Fairmont Elementary School

  • Education Level: Middle
  • # of students: 861
  • # of teachers: 30
10
GreatSchools Rating

Yorba Linda High School

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

$675,000$825,000$750,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,767
Property Tax -$815
Property Insurance -$67
Property Management Fees -$143
CASH FLOW
-$872

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.

$750,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.39%

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

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.75

    LIST RENT PER SQFT
  • $3,207

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,920
1$2,9202$3,1003$3,3004$3,3505$3,400
$3,400
RENT COMPS ANALYSIS
  • 3560 Sunnyside Drive Yorba Linda, CA 1
    • 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.75
    •  
  • 4516 Avenida De Las Flores Yorba Linda, CA 2
    • 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1971
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.91
    •  
  • 3650 Sunnyside Drive Yorba Linda, CA 3
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1985
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.98
    •  
  • 3858 Ravenswood Drive Yorba Linda, CA 4
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1983
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.92
    •  
  • 3820 Singingwood Drive Yorba Linda, CA 5
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1983
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.90
    •  
PROPERTY LISTING DETAILS
Kristen Fowler
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20250242
Last Updated: 12/02/2020
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