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4691 Torida Way Yorba Linda, CA 92886

5 Beds 3 Baths 2,178 sqft Built 1963

$859,900

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $394.81
  • 3 Days on Market
  • MLS # : AR20234036
  • Updated Date : 11/07/2020 at 21:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,178 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Ludecke Inc.

Listing Agent's Description

Wellcome to this beautiful Remodeled and Upgrade pool Home! Fresh neutral paint compliment the bright & open floor plan. Crown molding in living room, dining room, master bedroom and other 3 bedroom. 1 large Bedroom/multi-purpose/bonus room at second floor. A gorgeous remodeled kitchen with new cabinets , quarts countertop, newer stainless steel appliances including newer refrigerator and adjoining dining area and a nice sized living room. Beautifully updated bathroom with Jacuzzi tub in master, custom tiled showers. Newer SPC flooring throughout. Newer 50 gallon water heater. Three bedrooms and master bedroom all have recessed lighting, celling fan. This energy efficient home has SunPower Solar panels keeping utilities lower than most home. Attached two garage offer amble custom cabinetry. Private rear yard boasts a large covered patio with pool & spa. This home is moving ready. Conveniently located near markets, restaurant, shopping and in the award wining Placentia Yorba Linda School district. You will Love living here!

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
Rose Drive Elementary School Primary Regular 418 15 9
Yorba Linda Middle School Middle Regular 922 34 8
El Dorado High School High Regular 1,904 73 8

Rose Drive Elementary School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 15
9
GreatSchools Rating

Yorba Linda Middle School

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

El Dorado High School

  • Education Level: High
  • # of students: 1,904
  • # of teachers: 73
8
GreatSchools Rating
 

$773,910$945,890$859,900

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$3,173
Property Tax -$846
Property Insurance -$80
Property Management Fees -$161
CASH FLOW
-$979

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.

$859,900

PROJECTED PRICE

$3,280

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$233,624

INVESTMENT

$233,624

Down Payment
$214,975
Rehab Estimate
$5,750
Closing Costs
$12,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $214,975
Loan Amount $644,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,740

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,556

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,2003$3,2804$3,2955$3,800
$3,800
RENT COMPS ANALYSIS
  • 4691 Torida Way Yorba Linda, CA 3
    • 5 beds 3 baths ∙ 2,178 Sqft ∙ Built 1963 5 beds 3 baths ∙ 2,178 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.51
    •  
  • 1732 Steinbeck Street Placentia, CA 1
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 1971
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.72
    •  
  • 4101 Denver Avenue Yorba Linda, CA 2
    • 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
    •  
  • 662 Brunswick Avenue Placentia, CA 4
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1965
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.62
    •  
  • 5424 Berryhill Drive Yorba Linda, CA 5
    • 4 beds 2 baths ∙ 2,267 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,267 Sqft ∙ Built 1976
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.68
    •  
PROPERTY LISTING DETAILS
Pui King Law
Century 21 Ludecke Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR20234036
Last Updated: 11/07/2020
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