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PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Lake Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
$177,974
LOAN DETAILS
$2,257
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,475 |
| Loan Amount | $487,425 |
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
-
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
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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
Exp Realty Of California
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21029944
Last Updated: 02/20/2021
