Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4571 Plumosa Drive Yorba Linda, CA 92886

4 Beds 2 Baths 1,526 sqft Built 1964

$765,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $501.31
  • 2 Days on Market
  • MLS # : PW20258933
  • Updated Date : 12/19/2020 at 13:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,526 sqft
  • Baths : 2 full
Listing Agent

Realty Pro 100

Listing Agent's Description

Come see this beautifully updated SINGLE STORY home in a prime location of Yorba Linda! This home boasts 4 nice sized bedrooms, 2 updated bathrooms and an open concept floor plan. Once you walk through the front door you will fall in love with the kitchen of your dreams and large dining area. The oversized kitchen island is designed for plenty of storage with a pantry built into the island. White cabinets, granite countertops with a farmhouse sink and stainless steel appliances make this kitchen a chef’s dream. Did I mention the Viking stove? This kitchen will make you want to cook in it every night! Large family room adjacent to the kitchen is perfect for family gatherings. Custom built-in shelves and a wood burning fireplace make this a cozy room you will want to relax in. French doors lead out to the semi-covered patio and private backyard with a large shaded tree and fruit producing trees. Beautiful hardwood floors, updated bathrooms, recessed lighting and dual pane windows are just a few of the upgrades! New roof, tankless water heater and newer HVAC system will help keep costs down so you can enjoy living down the street from old town Yorba Linda and the new Yorba Linda Town Center with plenty of dining and shopping! This home is located in the highly desirable PYLUSD and Yorba Linda High School with Mabel Paine Elementary conveniently located down the street. This home is waiting for the perfect family to make it their own!

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
Mabel Paine Elementary School Primary Regular 457 17 8
Yorba Linda Middle School Middle Regular 922 34 8
Yorba Linda High School High Regular 1,768 64 10

Mabel Paine Elementary School

  • Education Level: Primary
  • # of students: 457
  • # of teachers: 17
8
GreatSchools Rating

Yorba Linda Middle School

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

Yorba Linda High School

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

$688,500$841,500$765,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,823
Property Tax -$753
Property Insurance -$64
Property Management Fees -$149
CASH FLOW
-$739

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.

$765,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.40%

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$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,823

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,033

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $2,655

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7503$2,8004$3,0505$3,400
$3,400
RENT COMPS ANALYSIS
  • 4571 Plumosa Drive Yorba Linda, CA 4
    • 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $2.00
    •  
  • 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
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.56
    •  
  • 4252 Trix Circle Yorba Linda, CA 2
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1972
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.92
    •  
  • 17445 Marda Yorba Linda, CA 3
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1978
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.64
    •  
  • 5142 Fairway View Drive Yorba Linda, CA 5
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1971
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.84
    •  
PROPERTY LISTING DETAILS
Jennifer Zagarella
Realty Pro 100
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20258933
Last Updated: 12/19/2020
BESbswy