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4692 Via De La Luna Yorba Linda, CA 92886

3 Beds 2 Baths 2,100 sqft Built 1970

$938,000

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $446.67
  • 6 Days on Market
  • MLS # : TR21037736
  • Updated Date : 02/24/2021 at 14:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,100 sqft
  • Baths : 2 full
Listing Agent

Help-u-sell Vantage Realty

Listing Agent's Description

Fully renovated like-new single-story home on a cul-de-sac street within Yorba Linda High School boundary. The open floor plan is highlighted by vaulted ceilings in living room, family room, and primary bedroom making the house feels incredibly spacious with newly installed tile and wood floorings. The living area is bright and airy with new sliding doors, new windows, and new HVAC with new ducts. As focal point of the house, the open gourmet kitchen updated with new cabinets, appliances, quartz countertops, mosaic backsplash, and a large center island is perfect for entertaining while attending to family. All bathrooms were fully renovated with a newly added 3rd bathroom turning 2 bedrooms into 2 suites. The primary bedroom with previous addition was legalized and redone to meet current code yielding bright and spacious area with private access to nicely landscaped backyard which was newly landscaped with ample space for friends and family entertainments. It is the house that you do not want to miss!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$844,200$1,031,800$938,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$3,258
Property Tax -$930
Property Insurance -$78
Property Management Fees -$162
CASH FLOW
-$1,128

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.

$938,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.35%

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

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$254,320

INVESTMENT

$254,320

Down Payment
$234,500
Rehab Estimate
$5,750
Closing Costs
$14,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $234,500
Loan Amount $703,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $3,628

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4003$3,4754$3,5005$3,700
$3,700
RENT COMPS ANALYSIS
  • 4692 Via De La Luna Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.57
    •  
  • 4580 Via Lourdes Yorba Linda, CA 2
    • 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1987
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.56
    •  
  • 20412 Via Don Juan Yorba Linda, CA 3
    • 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 1985
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,475
    • $1.81
    •  
  • 4680 Via Del Buey Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1985
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.84
    •  
  • 19993 Hibiscus Circle Yorba Linda, CA 5
    • 4 beds 1 baths ∙ 2,176 Sqft ∙ Built 1977 4 beds 1 baths ∙ 2,176 Sqft ∙ Built 1977
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.70
    •  
PROPERTY LISTING DETAILS
Jack Su
Help-u-sell Vantage Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21037736
Last Updated: 02/24/2021
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