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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $478.73
- 3 Days on Market
- MLS # : OC21034627
- Updated Date : 02/19/2021 at 17:46
CONSTRUCTION
- Beds : 4
- Floor Size : 1,669 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservice
Listing Agent's Description
This attractive single-level, four-bedroom home comes with new paint, hardwood floors, and numerous upgrades and amenities. Spacious living/dining room, complete with a stone fireplace - great for holiday celebrations, plus a family room overlooking the private backyard. Both kitchen and baths are upgraded with custom self-closing cabinets, granite counters, and stainless appliances. High-quality 10 mm thick and water-resistant floors run though-out, all updated windows are Dual-pane, plus a tankless water heater, for energy efficiency. A large, private backyard with ample space for entertaining. The home is centrally located on a quiet residential street - Yorba Linda offers residents excellent award-winning schools, beautiful parks, and numerous shops and restaurants.
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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 | $3,170 |
| EXPENSES | Loan Payment | -$2,775 |
| Property Tax | -$787 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$155 | |
|
CASH FLOW
-$614
|
||
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.
$799,000
PROJECTED PRICE
$3,170
PROJECTED RENT
0.40%
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
$217,485
LOAN DETAILS
$2,775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $199,750 |
| Loan Amount | $599,250 |
1.75
YEARS SAVED
$9,362
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,170
LIST RENT -
$1.9
LIST RENT PER SQFT
-
$3,150
COMP ESTIMATED VALUE -
$1.89
COMP AVG. RENT PER SQFT
Comps Range
-
4822 Torida Way Yorba Linda, CA 3
- 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $3,170
- $1.90
-
4691 Briarhill Drive Yorba Linda, CA 1
- 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1963
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,100
- $1.95
-
1843 Mccormack Lane Placentia, CA 2
- 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1963
LEASED 07/08/20- Rent
- Rent Per SQFT
- $3,150
- $1.74
-
4902 Torida Yorba Linda, CA 4
- 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1963
LEASED 10/13/20- Rent
- Rent Per SQFT
- $3,300
- $1.99
-
5432 Jefferson Street Yorba Linda, CA 5
- 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972
LEASED 09/25/20- Rent
- Rent Per SQFT
- $3,400
- $1.87
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservice
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC21034627
Last Updated: 02/19/2021
