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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $412.99
- 4 Days on Market
- MLS # : PW21039940
- Updated Date : 02/25/2021 at 20:32
CONSTRUCTION
- Beds : 3
- Floor Size : 2,264 sqft
- Baths : 2 full , 1 half
Listing Agent
T.n.g. Real Estate Consultants
Listing Agent's Description
Beautiful home in the hills of Yorba Linda and situated on a quiet street near Box Canyon Park. This upgraded 3 bedroom 2.5 bathroom home has many upgrades that most potential home owners are looking for.
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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
Neighborhood: Bryant Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bryant Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,410 |
| EXPENSES | Loan Payment | -$3,248 |
| Property Tax | -$972 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$167 | |
|
CASH FLOW
-$1,051
|
||
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.
$935,000
PROJECTED PRICE
$3,410
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.08% |
| Appreciation Year (1-5) | 3.6% |
| 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
$253,525
LOAN DETAILS
$3,248
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $233,750 |
| Loan Amount | $701,250 |
0.5
YEARS SAVED
$1,524
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,410
LIST RENT -
$1.74
LIST RENT PER SQFT
-
$3,627
COMP ESTIMATED VALUE -
$1.85
COMP AVG. RENT PER SQFT
Comps Range
-
4935 Lotus Avenue Yorba Linda, CA 3
- 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $3,410
- $1.74
-
24325 Via Lenardo Yorba Linda, CA 1
- 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1987
LEASED 05/31/20- Rent
- Rent Per SQFT
- $3,300
- $1.93
-
246 S Larkwood Street Anaheim Hills, CA 2
- 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 1984
LEASED 07/22/20- Rent
- Rent Per SQFT
- $3,395
- $1.92
-
5700 Picasso Drive Yorba Linda, CA 4
- 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1990
LEASED 12/16/20- Rent
- Rent Per SQFT
- $3,500
- $1.82
-
21740 Allonby Circle Yorba Linda, CA 5
- 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 1987
LEASED 04/24/20- Rent
- Rent Per SQFT
- $3,900
- $1.74
PROPERTY LISTING DETAILS
T.n.g. Real Estate Consultants
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21039940
Last Updated: 02/25/2021
