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5801 Walnut Creek Road Yorba Linda, CA 92886

5 Beds 3 Baths 2,441 sqft Built 1972

$940,000

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $385.09
  • 3 Days on Market
  • MLS # : PW20237726
  • Updated Date : 11/13/2020 at 12:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,441 sqft
  • Baths : 3 full
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

Wow! No wonder this neighborhood is named Rolling View Estates. This cul-de-sac located "Plan 500" offers stunning views of the rolling hills of Chino Hills State Park and sparkling Yorba Linda city lights! Do not miss this highly upgraded five bedroom, three FULL bathroom 2,400 SqFt executive home. Drive up to the impressively sprawling six car driveway and notice the newer insulated garage doors as you pull into the oversized three car attached garage with overhead storage space. After passing through the custom solid wood front doors you are greeted by the Pottery Barn inspired formal living and dining room complete with sweeping staircase, soaring ceilings, and contemporary statement piece of a fireplace. A functionally upgraded kitchen offering leathered granite countertops, soft-close cabinetry with pull-outs, and an instant hot water dispenser seamlessly flows into the family room. The main floor offers a guest wing with bedroom (currently used as office) and full bathroom. Upstairs three additional secondary bedrooms and another newly upgraded full bathroom are found. At the end of the hall is the spacious master bedroom with walk in cedar lined closet and master bathroom with limestone countertops. VIEWS from EVERY bedroom in the house! The backyard offers a number of options from the grassy area, to the brick patio ideal for al fresco dining, to the luxuriously private spa on the side courtyard. You can stop your search now, 5801 Walnut Creek Road is the winner!

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MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Glenknoll Elementary School Primary Regular 507 17 8
Bernardo Yorba Middle School Middle Regular 643 25 9
Esperanza High School High Regular 1,858 72 8

Glenknoll Elementary School

  • Education Level: Primary
  • # of students: 507
  • # of teachers: 17
8
GreatSchools Rating

Bernardo Yorba Middle School

  • Education Level: Middle
  • # of students: 643
  • # of teachers: 25
9
GreatSchools Rating

Esperanza High School

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

$846,000$1,034,000$940,000

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$3,468
Property Tax -$959
Property Insurance -$86
Property Management Fees -$178
CASH FLOW
-$1,052

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.

$940,000

PROJECTED PRICE

$3,640

PROJECTED RENT

0.39%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$254,850

INVESTMENT

$254,850

Down Payment
$235,000
Rehab Estimate
$5,750
Closing Costs
$14,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,468

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $235,000
Loan Amount $705,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,640

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $3,881

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,6403$4,0004$4,2005$4,200
$4,200
RENT COMPS ANALYSIS
  • 5801 Walnut Creek Road Yorba Linda, CA 2
    • 5 beds 3 baths ∙ 2,441 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,441 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,640
    • $1.49
    •  
  • 5972 Amberdale Drive Yorba Linda, CA 1
    • 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 1972
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.58
    •  
  • 6330 Golden Gate Drive Yorba Linda, CA 3
    • 4 beds 3 baths ∙ 2,665 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,665 Sqft ∙ Built 1992
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.50
    •  
  • 20495 Via Nopales Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1985
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.75
    •  
  • 20095 Paseo Lorenzo Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1981
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.53
    •  
PROPERTY LISTING DETAILS
Bobby Scalisi
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20237726
Last Updated: 11/13/2020
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