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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $482.38
- 3 Days on Market
- MLS # : RS21033475
- Updated Date : 02/20/2021 at 10:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,845 sqft
- Baths : 2 full
Listing Agent
Manna Realty
Listing Agent's Description
Great Family Home, located in a Very Quiet Cul-De-Sac Street. New Contemporary Grey Laminate Flooring throughout, as well as 6" Baseboards. Kitchen and both Bathrooms have Tile Flooring. Stainless Kitchen Appliances with Granite Countertops and Island with Seating area. Additional Niche area located in Kitchen for work and study. Beautiful Stacked Stone Gas Fireplace that opens to both the Kitchen Nook and the Living Room. 2nd Bathroom has Shower/Tub Combination and Newly Installed Toilet. Master Bathroom has Enclosed Shower and Newly Installed Toilet. Master Bathroom leads to Backyard. Interior has been painted throughout including the Baseboards and Door Jambs. Windows have been Replaced with Energy Efficient Double Pane. Pool has been Renovated to include new Plaster, Coping and Tile. Backyard has a newly installed Vinyl Fencing from one side to the other. Garage contains a Tankless Water Heater and Epoxy Painted Floor, with Built-in Cabinets. Pull Down Ladder for Attic located in Garage. Electrical Sub-Panel located in Garage has been added to upgrade the Electrical System for Kitchen Appliances, and A/C. Property is located in the highly sought after Yorba Linda High School district as well as walking distance to the recently finished Yorba Linda Town Center.
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MARKET HIGHLIGHTS
- 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)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 92886
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92886
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,190 |
| EXPENSES | Loan Payment | -$3,091 |
| Property Tax | -$876 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$156 | |
|
CASH FLOW
-$1,005
|
||
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.
$890,000
PROJECTED PRICE
$3,190
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$241,600
LOAN DETAILS
$3,091
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $222,500 |
| Loan Amount | $667,500 |
0.42
YEARS SAVED
$1,447
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,190
LIST RENT -
$1.73
LIST RENT PER SQFT
-
$2,901
COMP ESTIMATED VALUE -
$1.57
COMP AVG. RENT PER SQFT
Comps Range
-
4391 Nogal Avenue Yorba Linda, CA 2
- 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1963
![property image]()
- Rent
- Rent Per SQFT
- $3,190
- $1.73
-
5056 Lakeview Avenue Yorba Linda, CA 1
- 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1963
![property image]()
LEASED 06/07/20- Rent
- Rent Per SQFT
- $2,600
- $1.56
-
4392 Avocado Avenue Yorba Linda, CA 3
- 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1962
![property image]()
LEASED 11/25/19- Rent
- Rent Per SQFT
- $3,200
- $1.60
-
4101 Denver Avenue Yorba Linda, CA 4
- 4 beds 3 baths ∙ 2,116 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,116 Sqft ∙ Built 1964
![property image]()
LEASED 11/06/20- Rent
- Rent Per SQFT
- $3,200
- $1.51
-
5314 Lakeview Avenue Yorba Linda, CA 5
- 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1976
![property image]()
LEASED 09/09/20- Rent
- Rent Per SQFT
- $3,400
- $1.62
PROPERTY LISTING DETAILS
Manna Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: RS21033475
Last Updated: 02/20/2021
