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5739 Portage Street Yorba Linda, CA 92887

4 Beds 2 Baths 1,440 sqft Built 1983

INVESTimate

$566,000

List Price

$2,760

$2,510 - $3,010

Rent Est.

$588,753  ( +4.02%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $393.06
  • 6 Days on Market
  • MLS # : PW20142498
  • Updated Date : 08/21/2020 at 19:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,440 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to 5739 Portage Street, Yorba Linda! This beautiful 4 bedroom single family home is located in the school district of the award winning Travis Ranch School (Preppy K to 8th grade) and Yorba Linda High School! This property features a newer roof and remodeled kitchen, plus the front yard and upgraded exterior front siding and stone. Here are more additional upgrades: Newer Nantucket Beech Laminate Engineering Floor. Newer Whirlpool refrigerator, Bosch dish washer, Magic Chef microwave and Maytag Gas Range, Newer front yard white fence and artificial turf, Mini Split Ductless AC in Master bedroom, Popcorn Ceiling removed! Low HOA fee that covers greenbelt and park maintenance and NO Mello-Roos. This community has it's own park and a RV parking lot providing LOW cost RV/Boat parking for residents. This desirable neighborhood is within convenient distance to Savi Ranch Center shops and stores and the 91 Freeway. Come and see this amazing property soon and make it yours!!

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

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
Yorba Linda High School High Regular 1,768 64 10

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

Yorba Linda High School

  • Education Level: High
  • # of students: 1,768
  • # of teachers: 64
10
GreatSchools Rating
 

$509,400$622,600$566,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,088
Property Tax -$587
Property Insurance -$62
HOA -$60
Property Management Fees -$135
CASH FLOW
-$173

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.

$566,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.02%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,740

INVESTMENT

$155,740

Down Payment
$141,500
Rehab Estimate
$5,750
Closing Costs
$8,490

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,500
Loan Amount $424,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$27,404

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $2,837

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7603$2,9004$3,2505$3,500
$3,500
RENT COMPS ANALYSIS
  • 5739 Portage Street Yorba Linda, 2
    • 4 beds 2 baths ∙ 1,440 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,440 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.92
    •  
  • 21141 Via Canon Yorba Linda, 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.00
    •  
  • 5675 Westfield Street Yorba Linda, 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1983
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.01
    •  
  • 21345 Via Del Gavilan Yorba Linda, 4
    • 4 beds 3 baths ∙ 1,730 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,730 Sqft ∙ Built 1985
    property image
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.88
    •  
  • 5985 Avenida Antigua Yorba Linda, 5
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1980
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.99
    •  
PROPERTY LISTING DETAILS
Rachel Turner
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20142498
Last Updated: 08/21/2020
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