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5305 Via Del Jinete Yorba Linda, CA 92887

3 Beds 2 Baths 1,342 sqft Built 1985

$649,900

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $484.28
  • 6 Days on Market
  • MLS # : PW21029944
  • Updated Date : 02/20/2021 at 19:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,342 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California

Listing Agent's Description

Tastefully Remodeld & Upgraded Single Story Single Family Home Attached*Located In The Beautiful Small Community Of Meadowood*This Home Is Turnkey & Sparkles With Cleanliness*Open Floor Plan With Spacious Great Room, Fireplace, Vaulted Ceiling & A Wall Of Windows*Plantation Shutters Throughout* Dining Area With Bar Seating*Gourmet Kitchen With Loads Of Granite Counter Space, Custom Cabinetry, Pantry, Vaulted Ceiling & Recessed Lighting* #1 Bedrm Feature Optional Guest Bedroom Or Use As Office/Den*Guest Bedrm #2 Is Large Enough For Kingsize Bed* Bedrm #3 The Master Suite Is Oversized, Vaulted Ceilings, Walk In Closet & Sliding Door To A Private Patio*The Master Bath Has Double Vanity With Cultured Marble Top, Large Walk in Shower & Skylight To For Natural Daylight* The Guest Bath Features A Tub/Shower Combo, Vanity With Marble Top, & Skylight* Inside Laundry Rm Has Storage Above Washer/Dryer*The Interior Of This Home Has Tasteful Laminate Floors Throughout With Carpet In 2 Of The Bedrms*Ceiling Fans Are In All Bedrms*A Soft Neutral Color Palette Compliments All Wall Surfaces*Large Private Covered Patio Has Ceiling Fan & Skylights, Block Wall Fenced Patio With Side Gate For Gardening Needs* The 2 Car Garage Has Lots of Built Ins, Easy Maintenance Epoxy Floor & Drywalled Ceiling With Pull Down Ladder For Storage Needs*Great Location Next To Walking Trails, Nearby Park, Travis Ranch School, Savi Ranch Shopping, & Easy 91 Frwy Acess*These Homes Rarely Come Up For Sale* Hurry!!

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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

Neighborhood: East Lake Village

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1189k

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

Neighborhood: East Lake Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814054

* 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
Esperanza High School High Regular 1,858 72 8

Bernardo Yorba Middle School

  • Education Level: Middle
  • # of students: 643
  • # of teachers: 25
9
GreatSchools Rating

Esperanza High School

  • Education Level: High
  • # of students: 1,858
  • # of teachers: 72
8
GreatSchools Rating
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,257
Property Tax -$805
Property Insurance -$60
HOA -$335
Property Management Fees -$146
CASH FLOW
-$632

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.

$649,900

PROJECTED PRICE

$2,970

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,727

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $2.21

    LIST RENT PER SQFT
  • $2,674

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8503$2,9704$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 5305 Via Del Jinete Yorba Linda, CA 3
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $2.21
    •  
  • 21141 Via Canon Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.00
    •  
  • 4623 Avenida Rio Del Oro Yorba Linda, CA 2
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1969
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.02
    •  
  • 5851 Via Romero Yorba Linda, CA 4
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1978
    property image
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
  • 19731 Greenleaf Yorba Linda, CA 5
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.00
    •  
PROPERTY LISTING DETAILS
Mary Hobson
Exp Realty Of California
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21029944
Last Updated: 02/20/2021
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