Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $395.83
- 6 Days on Market
- MLS # : PW21011727
- Updated Date : 01/22/2021 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,440 sqft
- Baths : 2 full
Listing Agent
Exp Realty Of California Inc.
Listing Agent's Description
YOU KNOW WHAT THEY SAY-LOCATION-LOCATION-LOCATION! THIS SINGLE-FAMILY HOME IS A STONE’S THROW FROM THE AWARD-WINNING TRAVIS RANCH ELEMENTARY & WITHIN THE YORBA LINDA HIGH SCHOOL DIST. YOUR INNER INTERIOR DESIGNER WILL ENJOY THE ENDLESS POSSIBILITIES OFFERED BY THIS PROPERTY THAT IS PRICED WELL ENOUGH TO ALLOW FOR RENOVATIONS AND UPGRADES. THIS SINGLE-STORY WITH NO INTERIOR STEPS & LARGE SPRAWLING CORNER LOT LOCATION IS 3 BEDS/2 BTHS, 1440 SQ. FT., 6000 SQ.FT. LOT & A 2 CAR GARAGE. THE UPGRADED AMENITIES INCLUDE- DUAL PANE WINDOWS & SLIDERS, COPPER PLUMBING THROUGHOUT, NEWER 7YR ROOF, NEWER VINYL FENCING, NEWER HEAT AND AIR SYSTEM, NEWER HOT WATER HEATER, NEWER BATHROOM FLOORING AND NEWER BLINDS. THIS HOME HAS NO INTERIOR STEPS & IS PERFECT FOR THAT COUPLE WITH KIDS THAT NEEDS TO BE CLOSE TO GREAT SCHOOLS, SHOPPING & FWYS. IT'S ALSO A GREAT FIND FOR A FIRST-TIME HOME BUYER, OR AN INVESTOR LOOKING FOR RENTAL INCOME. NO MELLO-ROOS & HAS EXTERMILY LOW HOA. THE COMMUNITY OFFERS A PARK & RV PARKING TO HOME OWNERS IF SPACE IS AVAILABLE UPON REQUESTING.THIS ONE WILL BE GONE B-4 YOU KNOW IT, SO LET'S OPEN ESCOW TODAY!
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 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.
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Travis Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Travis Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,610 |
| EXPENSES | Loan Payment | -$1,980 |
| Property Tax | -$542 | |
| Property Insurance | -$62 | |
| HOA | -$60 | |
| Property Management Fees | -$128 | |
|
CASH FLOW
-$161
|
||
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.
$570,000
PROJECTED PRICE
$2,610
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$156,800
LOAN DETAILS
$1,980
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $142,500 |
| Loan Amount | $427,500 |
4.17
YEARS SAVED
$22,895
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,610
LIST RENT -
$1.81
LIST RENT PER SQFT
-
$2,840
COMP ESTIMATED VALUE -
$1.97
COMP AVG. RENT PER SQFT
Comps Range
-
5750 Whitewater Street Yorba Linda, CA 1
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $2,610
- $1.81
-
5675 Westfield Street Yorba Linda, CA 2
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1983
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,900
- $2.01
-
21375 Via Del Gavilan Yorba Linda, CA 3
- 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 1985
LEASED 12/23/20- Rent
- Rent Per SQFT
- $3,250
- $1.96
-
1224 N Foxton Circle Anaheim, CA 4
- 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 1976
LEASED 08/15/19- Rent
- Rent Per SQFT
- $3,300
- $1.93
-
5985 Avenida Antigua Yorba Linda, CA 5
- 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1980
LEASED 03/31/20- Rent
- Rent Per SQFT
- $3,500
- $1.99
PROPERTY LISTING DETAILS
Exp Realty Of California Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21011727
Last Updated: 01/22/2021
