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4644 Via La Primavera Yorba Linda, CA 92886

4 Beds 3 Baths 2,546 sqft Built 1970

$979,000

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $384.52
  • 5 Days on Market
  • MLS # : PW21017553
  • Updated Date : 01/28/2021 at 11:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,546 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

Lovely well cared for home located at the end of a cul-de-sac. The walk way to the double door front entry is paved with stone and landscaped with low maintenance foliage. Upon entry tile flooring flows through entry, formal dining room, kitchen, family room, powder room and laundry room. Step down living room features carpet, gas or wood burning fireplace and a soaring vaulted ceiling. Beautiful remodeled kitchen with granite counter tops, double oven and separate cook top. Spacious family room with dining area, recessed lighting and crown molding. All bedrooms located upstairs. Spacious master bedroom. Remodeled master bath with granite counters and oversized shower with operable skylight. The bonus room has been reconfigured as an ensuite unit making it the 5th BEDROOM. Wood laminate floor gives the unit a warm homey feeling with Cathedral ceiling and its own ac unit. Armoire is positioned for privacy to create the perfect ensuite unit. Remodeled bath with jetted tub reconfigured to provide somewhat private bath for the ensuite unit if desired. Private back yard with gazebo, pool and spa. Plenty of room on side yard plus RV access. Dual paned windows through out home. All rooms show light and bright throughout the day.

SEE MORE

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
Bernardo Yorba Middle School Middle Regular 643 25 9
Yorba Linda High School High Regular 1,768 64 10

Bernardo Yorba Middle School

  • Education Level: Middle
  • # of students: 643
  • # of teachers: 25
9
GreatSchools Rating

Yorba Linda High School

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

$881,100$1,076,900$979,000

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$3,400
Property Tax -$971
Property Insurance -$89
Property Management Fees -$182
CASH FLOW
-$932

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.

$979,000

PROJECTED PRICE

$3,710

PROJECTED RENT

0.38%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$265,185

INVESTMENT

$265,185

Down Payment
$244,750
Rehab Estimate
$5,750
Closing Costs
$14,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,400

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $244,750
Loan Amount $734,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$5,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,710

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $3,711

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,6003$3,7004$3,7105$3,900
$3,900
RENT COMPS ANALYSIS
  • 4644 Via La Primavera Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $3,710
    • $1.46
    •  
  • 21505 Via Espana Yorba Linda, CA 1
    • 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 1987
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.31
    •  
  • 21485 Via La Naranja Yorba Linda, CA 2
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 1988
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.51
    •  
  • 19801 Lombardy Lane Yorba Linda, CA 3
    • 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1969
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.60
    •  
  • 20460 Via Canarias Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1990
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.41
    •  
PROPERTY LISTING DETAILS
Marilyn Faith
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21017553
Last Updated: 01/28/2021
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