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5571 Avenida Florencia Yorba Linda, CA 92887

4 Beds 3 Baths 2,542 sqft Built 1982

$949,900

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $373.68
  • 2 Days on Market
  • MLS # : PW21004773
  • Updated Date : 01/09/2021 at 09:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,542 sqft
  • Baths : 3 full
Listing Agent

First Team Real Estate

Listing Agent's Description

LOCATION, LOCATION, LOCATION...on a Cul de sac with backyard sunset views. Open floor plan inside cathedral ceilings, seperate living & family rooms, center Island in kitchen is perfect for entertaining. Large back yard grass area w/patio, gated pool & spa, with lots of fruit trees and great vegetable garden areas. Two large Jack n Jill bedrooms with their own private bathroom. Master bedroom is also large and has a retreat w/fireplace, walkin closet and 2 other closets, bathroom has Dual sinks, seperate tub & shower. With a 3 car garage there's plenty of room to park 3 more cars in the driveway. This home has it all and priced to sell quickly in todays market.

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: Travis Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $272k1058k

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

Neighborhood: Travis Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* 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
Travis Ranch Elementary-middle School Primary Regular 1,334 50 8
Travis Ranch Elementary-middle School Middle Regular 1,334 50 8
Esperanza High School High Regular 1,858 72 8

Travis Ranch Elementary-middle School

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

Travis Ranch Elementary-middle School

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

Esperanza High School

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

$854,910$1,044,890$949,900

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$3,299
Property Tax -$947
Property Insurance -$88
Property Management Fees -$189
CASH FLOW
-$674

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.

$949,900

PROJECTED PRICE

$3,850

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.0%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,474

INVESTMENT

$257,474

Down Payment
$237,475
Rehab Estimate
$5,750
Closing Costs
$14,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,299

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,475
Loan Amount $712,425
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$13,838

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,850

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,826

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,349
1$3,3492$3,4253$3,8504$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 5571 Avenida Florencia Yorba Linda, CA 3
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.51
    •  
  • 5505 Via Cervantes Yorba Linda, CA 1
    • 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1989
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,349
    • $1.47
    •  
  • 20720 Cottonwood Road Yorba Linda, CA 2
    • 3 beds 2 baths ∙ 2,491 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,491 Sqft ∙ Built 1978
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,425
    • $1.37
    •  
  • 5400 Via Cervantes Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1990
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.61
    •  
  • 5416 Avenida El Cid Yorba Linda, CA 5
    • 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 1994
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.57
    •  
PROPERTY LISTING DETAILS
Douglas Campbell
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21004773
Last Updated: 01/09/2021
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