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5712 Oak Meadow Drive Yorba Linda, CA 92886

3 Beds 2 Baths 1,447 sqft Built 1971

INVESTimate

$750,000

List Price

$2,870

$2,620 - $3,120

Rent Est.

$783,675  ( +4.49%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $518.31
  • 13 Days on Market
  • MLS # : PW20133588
  • Updated Date : 08/21/2020 at 16:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,447 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

You are going to love living here! This is a wonderful single-story home with a plethora of updates! You will love all of the room in the family kitchen with a ton of cabinets & counter space, a very large eating area, a breakfast bar peninsula, recessed lighting, & newer appliances! The kitchen eating area also opens to a separate lovely formal dining room with vaulted ceiling & french doors to the side patio. Speaking of vaulted ceilings, you will find more of that in the front living room, which also features 2 beautiful built-in bookcases & cozy gas fireplace. Both the Master & Hall Baths have been remodeled & upgraded with new flooring, vanities, toilets, lighting & fixtures! Your Master Bedroom opens to the backyard via French Doors out to a newly built deck area. Both back & front yards have been freshly sodded this summer! Other touches & features of this home include beautiful crown-molding, new canned lighting, new closet doors, newer AC/HVAC & ducting, newer water heater, new paint, & much more! Ask your agent to show you the list! All of this in one of Yorba Linda’s best neighborhoods for the entry-level single-family home buyer, nestled between Kingsbriar Park, Troy Club, & Yorba Linda Country Club, recreation opportunities abound! 91 & 55 Freeways are easily reachable, as is Yorba Linda Town Center & Downtown Yorba Linda! Great Schools including Fairmont Elementary, Bernardo Yorba Middle, & Esperanza High School! 5712 Oak Meadow Drive; You Will LOVE Living Here!

SEE MORE

MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

PRICE & RENT TRENDS

Zip Code: 92886

ZipNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k938k

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

Zip Code: 92886

ZipNIR 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
Fairmont Elementary School Primary Regular 861 30 10
Fairmont Elementary School Middle Regular 861 30 10
Esperanza High School High Regular 1,858 72 8

Fairmont Elementary School

  • Education Level: Primary
  • # of students: 861
  • # of teachers: 30
10
GreatSchools Rating

Fairmont Elementary School

  • Education Level: Middle
  • # of students: 861
  • # of teachers: 30
10
GreatSchools Rating

Esperanza High School

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

$675,000$825,000$750,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$2,767
Property Tax -$766
Property Insurance -$62
Property Management Fees -$141
CASH FLOW
-$866

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.

$750,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.49%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $2,883

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,8003$2,8704$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 5712 Oak Meadow Drive Yorba Linda, 3
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.98
    •  
  • 6628 Kameha Circle Yorba Linda, 1
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1964
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.00
    •  
  • 5872 Oak Meadow Drive Yorba Linda, 2
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1972
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.96
    •  
  • 5602 Brookhill Drive Yorba Linda, 4
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1969
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.01
    •  
  • 19731 Greenleaf Yorba Linda, 5
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.00
    •  
PROPERTY LISTING DETAILS
Mike Weller
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20133588
Last Updated: 08/21/2020
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