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3565 Falconridge Road Yorba Linda, CA 92886

3 Beds 3 Baths 1,664 sqft Built 1985

$775,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $465.75
  • 5 Days on Market
  • MLS # : PW20231731
  • Updated Date : 11/04/2020 at 09:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,664 sqft
  • Baths : 3 full
Listing Agent

Windsor Inv., Inc.

Listing Agent's Description

This highly upgraded home is located at the end of a cul-de-sac with hillside views and no one behind you. The 3 bedroom, 3 bathroom home features interior and exterior upgrades that are sure to impress! The main floor is highlighted by laminate flooring throughout, large living room, open concept kitchen and dining room, a downstairs bedroom and remodeled bathroom with marble vanity. Upstairs features new staircase, 2 bedrooms, 2 bathrooms and newer carpet. The master bathroom was completely remodeled in 2019 with marble walk-in shower, recessed lighting, Bluetooth equipped fan and granite vanity. Other interior features include new baseboards and recessed lighting throughout the entire home. There are 2 sliders downstairs which lead to the entertainer’s backyard boasting an incredible outdoor living room with a marble and stacked stone BBQ island and stacked stone fireplace with TV. The patio cover includes double insulation, dimmable recessed lighting, fan and speakers. Beyond the covered patio is amble grass yard with hillside views. The house also has newer AC and heating, water heater, water softener, and whole house fan. The 2-car garage has epoxy flooring, there is new landscaping including privacy hedge and updated exterior light fixtures. Smart Home Features: Ring doorbell, keypad/app front door lock and wifi enabled sprinkler system

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$2,859
Property Tax -$842
Property Insurance -$67
Property Management Fees -$157
CASH FLOW
-$716

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.

$775,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.41%

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$20k

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $3,178

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,1003$3,2004$3,2105$3,350
$3,350
RENT COMPS ANALYSIS
  • 3565 Falconridge Road Yorba Linda, CA 4
    • 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.93
    •  
  • 3605 Falconridge Road Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1985
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.82
    •  
  • 3570 Sunnyside Drive Yorba Linda, CA 2
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1987
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.98
    •  
  • 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
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.92
    •  
  • 3858 Ravenswood Drive Yorba Linda, CA 5
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1983
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.92
    •  
PROPERTY LISTING DETAILS
Tom Williams
Windsor Inv., Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20231731
Last Updated: 11/04/2020
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