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5585 Camino Besar Yorba Linda, CA 92887

3 Beds 3 Baths 1,872 sqft Built 1986

$824,900

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $440.65
  • 6 Days on Market
  • MLS # : OC20256461
  • Updated Date : 12/15/2020 at 09:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,872 sqft
  • Baths : 2 full , 1 half
Listing Agent

Zutila, Inc

Listing Agent's Description

Nestled in the hills of East Yorba Linda, this impeccably maintained home is ready for it's next owner. Gorgeous SoCal mountain views are spectacular from this location perched on at small hilly cul-de-sac in Bryant Ranch. When you enter the home, you'll notice immediately the pride of ownership. The original owner has maintained this home so well that it shows. This classic 3 bed 2.5 home built in 1986 has wonderful high cathedral ceilings in the formal living room and dining area. With loads of natural light and recessed lighting throughout the down stairs, the turnkey kitchen is light and bright and has plenty of storage for everything that a modern kitchen needs. The family room and breakfast nook are both great places to relax and wind down while enjoying a book in front of the "Fire and Ice" fire. Upstairs is the huge master bedroom with an ensuite bathroom. This bedroom has not one, but TWO walk in closets, both with organizational systems to help maximize space and efficiency. The 3rd bedroom, converted into a office is an exceptional place to tackle your work day in this 2020 "work from home" environment. The large versatile lot and back yard is perfect for backyard play for kids, summer BBQs for you or maybe the addition of spacious pool. With outstanding schools in the Placentia-Yorba Linda School district close by, including newly built Yorba Linda HS, you will love coming home to the peaceful life that starts at 5585 Camino Besar Yorba Linda.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$742,410$907,390$824,900

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,044
Property Tax -$861
Property Insurance -$72
Property Management Fees -$159
CASH FLOW
-$886

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.

$824,900

PROJECTED PRICE

$3,250

PROJECTED RENT

0.39%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,349

INVESTMENT

$224,349

Down Payment
$206,225
Rehab Estimate
$5,750
Closing Costs
$12,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,225
Loan Amount $618,675
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,772

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $3,267

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$3,095
1$3,0952$3,2503$3,4004$3,5005$3,700
$3,700
RENT COMPS ANALYSIS
  • 5585 Camino Besar Yorba Linda, CA 2
    • 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.74
    •  
  • 5917 San Remo Way Yorba Linda, CA 1
    • 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1987
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.72
    •  
  • 27880 Tamara Drive Yorba Linda, CA 3
    • 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 1992
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.67
    •  
  • 5700 Picasso Drive Yorba Linda, CA 4
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1990
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.82
    •  
  • 744 S Morningstar Drive Anaheim Hills, CA 5
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1991
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.77
    •  
PROPERTY LISTING DETAILS
Matthew Kaestner
Zutila, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20256461
Last Updated: 12/15/2020
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