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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $434.24
- 3 Days on Market
- MLS # : PW21025022
- Updated Date : 02/05/2021 at 18:23
CONSTRUCTION
- Beds : 4
- Floor Size : 1,840 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group West
Listing Agent's Description
Awesom 4 bedrooms 2.5 baths. Owners added a family room with fire place and a extra bedroom with private bath that can be used for mother in law suite or for a guest. This new addition has its own private entrance. Price to sell !
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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
Zip Code: 92886
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92886
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,140 |
| EXPENSES | Loan Payment | -$2,775 |
| Property Tax | -$816 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$154 | |
|
CASH FLOW
-$676
|
||
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.
$799,000
PROJECTED PRICE
$3,140
PROJECTED RENT
0.39%
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
$217,485
LOAN DETAILS
$2,775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $199,750 |
| Loan Amount | $599,250 |
1.5
YEARS SAVED
$6,587
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,140
LIST RENT -
$1.71
LIST RENT PER SQFT
-
$3,312
COMP ESTIMATED VALUE -
$1.8
COMP AVG. RENT PER SQFT
Comps Range
-
5562 Raintree Street Yorba Linda, CA 2
- 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $3,140
- $1.71
-
5901 Casson Drive Yorba Linda, CA 1
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1969
LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,600
- $1.73
-
5951 Trail View Place Yorba Linda, CA 3
- 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1969
LEASED 06/12/20- Rent
- Rent Per SQFT
- $3,400
- $1.71
-
5432 Jefferson Street Yorba Linda, CA 4
- 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972
LEASED 09/25/20- Rent
- Rent Per SQFT
- $3,400
- $1.87
-
17285 Growers Circle Yorba Linda, CA 5
- 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1988
LEASED 08/27/20- Rent
- Rent Per SQFT
- $3,650
- $1.89
PROPERTY LISTING DETAILS
Realty One Group West
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21025022
Last Updated: 02/05/2021
