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5995 Vista Del Mar Yorba Linda, CA 92887

4 Beds 3 Baths 2,979 sqft Built 1994

$1,200,000

List Price

$4,230

$4K - $4.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $402.82
  • 3 Days on Market
  • MLS # : PW21058130
  • Updated Date : 03/20/2021 at 05:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,979 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to this extraordinary 4 bedroom, 3 bathroom, pool home nestled in the highly sought after community of East Lake Village. Enter through the double doors to be greeted by a spacious living room with cathedral ceilings and floor to ceiling windows, formal dining room overlooking the pool and sparkling kitchen with built-in desk, walk-in pantry and island. With an open floor plan, the kitchen and breakfast nook flow directly into the light and bright family room with fireplace and built-in wet bar. Large downstairs bedroom, full bathroom and laundry room with sink round out the lower level. Sizable master suite with dual closets, master bathroom with dual sink vanity, two additional bedrooms and full bathroom complete this beautiful home. Step into the backyard to enjoy the relaxing pool and spa, covered patio perfect for outdoor entertaining, built-in bbq and grassy area for games. Attached 3-car garage with cabinets, newer water heater, furnace and dual air conditioning units along with a central vacuum and water softening system make this the perfect home. Enjoy the East Lake amenities including the lake, multiple pools, spas, greenbelts and walking trails, clubhouse, sports courts, gym and boating/fishing on the lake. Award-winning schools, dining, shopping and entertainment all within your reach.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: East Lake Village

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1189k

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

Neighborhood: East Lake Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $19814054

* 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
Bernardo Yorba Middle School Middle Regular 643 25 9
Esperanza High School High Regular 1,858 72 8

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
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,807$4,653$4,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,230
EXPENSES Loan Payment -$4,168
Property Tax -$1,222
Property Insurance -$99
HOA -$87
Property Management Fees -$207
CASH FLOW
-$1,553

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.

$1,200,000

PROJECTED PRICE

$4,230

PROJECTED RENT

0.35%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,230

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $4,357

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,1003$4,2304$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 5995 Vista Del Mar Yorba Linda, CA 3
    • 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $4,230
    • $1.42
    •  
  • 20480 Via Zaragoza Yorba Linda, CA 1
    • 4 beds 2 baths ∙ 2,769 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,769 Sqft ∙ Built 1989
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.41
    •  
  • 20335 Herbshey Circle Yorba Linda, CA 2
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 1997
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.46
    •  
  • 5815 Paseo De La Rambla Yorba Linda, CA 4
    • 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1984 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1984
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.41
    •  
  • 5416 Avenida El Cid Yorba Linda, CA 5
    • 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 1994
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.57
    •  
PROPERTY LISTING DETAILS
Stephanie Rezac
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21058130
Last Updated: 03/20/2021
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