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5070 Lotus Avenue Yorba Linda, CA 92887

3 Beds 3 Baths 1,652 sqft Built 1988

$829,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $501.82
  • 5 Days on Market
  • MLS # : WS21049995
  • Updated Date : 03/12/2021 at 15:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home Times Realty

Listing Agent's Description

This corner lot nestled in the hills of the Fieldstone Classics community of Yorba Linda has it all. Recently redone driveway and entryway with natural gray broom finish concrete and Savannah Grey brick ribbons with newly stuccoed outside property walls and decorative texture. The front yard has a new sprinkler system with new sod installed. New side yard gates lead to Spacious backyard where additional stone work and patio cover makes an inviting entertainment area complete with a grill. The front entryway opens to trendy yet durable Porcelain Wood Plank tiles with hand-scraped texture and beautiful vaulted ceilings in the living room. The family room features an electric fireplace with stylish stacked stonework. The upgrades continue in the kitchen with stainless steel gas range /oven, dishwasher and refrigerator, sleek black ventilation hood, white quartz counters with white subway tiled on the wall, new cabinetry, and a farmer’s sink! Travel up stairs made of bamboo flooring in the hallway and matching laminated flooring in the bedrooms. The master bath has dual sinks and ample cabinet space along with luxurious feeling stone mosaics in the frame less glass door shower. The hallway bathroom has dolphin mosaics adorning the walls and a flowing pattern to the tile work that will make you feel as if you are riding gentle ocean waves. Located in the districts of the award-winning Bryant Ranch Elementary and Yorba Linda High School.

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

Neighborhood: Bryant Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1148k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Bryant Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814161

* 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
Bryant Ranch Elementary School Primary Regular 568 19 9
Yorba Linda High School High Regular 1,768 64 10

Bryant Ranch Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 19
9
GreatSchools Rating

Yorba Linda High School

  • Education Level: High
  • # of students: 1,768
  • # of teachers: 64
10
GreatSchools Rating
 

$746,100$911,900$829,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,879
Property Tax -$862
Property Insurance -$67
Property Management Fees -$153
CASH FLOW
-$831

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.

$829,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$225,435

INVESTMENT

$225,435

Down Payment
$207,250
Rehab Estimate
$5,750
Closing Costs
$12,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,879

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $207,250
Loan Amount $621,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.89

    LIST RENT PER SQFT
  • $3,122

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,9003$3,1304$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 5070 Lotus Avenue Yorba Linda, CA 3
    • 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.89
    •  
  • 5340 Silver Canyon Road Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1989
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.82
    •  
  • 5330 Silver Canyon Road Yorba Linda, CA 2
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1988
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.99
    •  
  • 24325 Via Lenardo Yorba Linda, CA 4
    • 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
    •  
  • 5700 Picasso Drive Yorba Linda, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Zhen Liang
Home Times Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21049995
Last Updated: 03/12/2021
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