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5721 Rich Hill Way Yorba Linda, CA 92886

4 Beds 2 Baths 1,916 sqft Built 1971

$749,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $390.92
  • 5 Days on Market
  • MLS # : PW20232859
  • Updated Date : 11/07/2020 at 15:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,916 sqft
  • Baths : 2 full
Listing Agent

Inc Real Estate

Listing Agent's Description

Great 4 bedroom 2 bath fixer home. kitchen with granite counters. This home just needs some tlc to make it shine again. Can be great for any buyer looking for sweat equity or investor. Sits on a rare double lot in this neighborhood.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Van Buren Elementary School Primary Regular 689 24 7
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Van Buren Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 24
7
GreatSchools Rating

Kraemer Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 38
7
GreatSchools Rating

Valencia High School

  • Education Level: High
  • # of students: 2,740
  • # of teachers: 100
9
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,763
Property Tax -$759
Property Insurance -$73
Property Management Fees -$152
CASH FLOW
-$647

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.

$749,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,965

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $3,353

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$3,1003$3,2954$3,4005$3,650
$3,650
RENT COMPS ANALYSIS
  • 5721 Rich Hill Way Yorba Linda, CA 2
    • 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.62
    •  
  • 17581 Cerro Vista Drive Yorba Linda, CA 1
    • 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1976
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.61
    •  
  • 5722 Casa Loma Avenue Yorba Linda, CA 3
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1963
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.79
    •  
  • 5951 Trail View Place Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1969
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.71
    •  
  • 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
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.89
    •  
PROPERTY LISTING DETAILS
Tony Congelliere
Inc Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20232859
Last Updated: 11/07/2020
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