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4901 Briarhill Drive Yorba Linda, CA 92886

4 Beds 2 Baths 1,763 sqft Built 1963

$899,999

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $510.49
  • 7 Days on Market
  • MLS # : PW21053764
  • Updated Date : 03/20/2021 at 20:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,763 sqft
  • Baths : 2 full
Listing Agent

Century 21 Discovery

Listing Agent's Description

Gorgeous opportunity to move into desired neighborhood of Yorba Linda with a great school district! Home has a charming curb appeal and surprise modern open floor plan of main living areas. It is a wow factor walking into the kitchen which has been completely updated with a full bar, study area, and huge island with an abundance of storage space. The kitchen is complete with stainless steel appliances, new recessed lighting and a charming updated stoned fireplace next to the dining area. New tile wood like flooring throughout the entire house and updated hallway bathroom to match look of kitchen. Master bedroom has sliding door which opens to the large backyard with covered patio area for those summer bbq family gatherings. A must see you don't want to miss!

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
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
 

$809,999$989,999$899,999

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,126
Property Tax -$886
Property Insurance -$70
Property Management Fees -$157
CASH FLOW
-$1,029

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.

$899,999

PROJECTED PRICE

$3,210

PROJECTED RENT

0.36%

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$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $225,000
Loan Amount $674,999
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,281

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $3,442

    COMP ESTIMATED VALUE
  • $1.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2103$3,3004$3,3005$3,400
$3,400
RENT COMPS ANALYSIS
  • 4901 Briarhill Drive Yorba Linda, CA 2
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $1.82
    •  
  • 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
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.95
    •  
  • 4902 Torida Yorba Linda, CA 3
    • 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1963
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.99
    •  
  • 17272 Meadowview Drive Yorba Linda, CA 4
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1964
    property image
    LEASED 03/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.00
    •  
  • 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
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.87
    •  
PROPERTY LISTING DETAILS
Evalina Loyo-gonzalez
Century 21 Discovery
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21053764
Last Updated: 03/20/2021
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