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5370 Silver Canyon Road #7H Yorba Linda, CA 92887

3 Beds 2 Baths 1,456 sqft Built 1989

$499,999

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $343.41
  • 3 Days on Market
  • MLS # : PW21004640
  • Updated Date : 01/09/2021 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,456 sqft
  • Baths : 2 full
Listing Agent

Palatial Real Estate

Listing Agent's Description

This Gorgeous Private-End unit 3 Bedroom 2 Bathroom Condo is tucked away in the in 'The Hills' of Yorba Linda.This Spacious Condo features high Vaulted ceilings with a Huge wrap-around patio with City lights views and a Laundry-room at the end of the patio in its own private room. This home features a huge cozy living room with a Double sided fireplace. Relax and Enjoy the fireplace from the living room & family room areas. The kitchen features Stainless Steel Appliances w/lots of counter space and cabinets,Breakfast bar & cute Breakfast Nook. The large Master Bedroom has Huge walk-in Closet with access to the patio & laundry room and also has city lights views from the bedroom.The Master also includes its own private upgraded bathroom with Quartz countertops. The other two spacious bedrooms have a walk in closet and Big closet, & 2nd bathroom has upgraded Quartz Vanity. Other amenities include Two skylights which make this home light and bright all year long & a newly replaced roof. The Community Features two Sparkling Pools, four Spas (one spa has a gorgeous 180 degree city lights view with a putting green), Clubhouse, Fitness Room, Tennis Courts, playgrounds, and walking distance to the newly build Box Canyon Park. Located in one of the most desirable School districts; which includes award winning Schools: Bryant Ranch elementary, Travis Ranch Jr High, and the new Yorba Linda High School. This home is also centrally located to freeways, shopping, and schools. Will go fast.

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
Travis Ranch Elementary-middle School Middle Regular 1,334 50 8
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

Travis Ranch Elementary-middle School

  • Education Level: Middle
  • # of students: 1,334
  • # of teachers: 50
8
GreatSchools Rating

Yorba Linda High School

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

$449,999$549,999$499,999

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,737
Property Tax -$520
Property Insurance -$62
HOA -$350
Property Management Fees -$128
CASH FLOW
-$187

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.

$499,999

PROJECTED PRICE

$2,610

PROJECTED RENT

0.52%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$13,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $1.79

    LIST RENT PER SQFT
  • $2,788

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,610
1$2,6102$2,6503$2,9004$3,3005$3,395
$3,395
RENT COMPS ANALYSIS
  • 5370 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
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $1.79
    •  
  • 5340 Silver Canyon Road Yorba Linda, CA 2
    • 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 3
    • 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
    •  
  • 246 S Larkwood Street Anaheim Hills, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Tracy Lenahan
Palatial Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21004640
Last Updated: 01/09/2021
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