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6000 Toulan Way Yorba Linda, CA 92887

3 Beds 2 Baths 1,400 sqft Built 1987

$699,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $499.29
  • 5 Days on Market
  • MLS # : PW20237485
  • Updated Date : 12/04/2020 at 11:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Your American Dream awaits!This fabulous single story home sits on a corner culdesac lot in a wonderful neighborhood.Stroll down the courtyard walkway to double doors opening to a foyer overlooking the living room to the left.The living room has a stone faced fireplace with niche shelving above,cathedral ceiling & a French door leading to the side courtyard.Past the living room,the dining room is adjacent to the gorgeous fully remodeled kitchen with crisp white shaker style cabinetry,stainless steel appliances,lovely quartz counter tops with a custom backsplash & easy care simulated wood plank ceramic flooring.Both the kitchen & dining room are light & bright with cathedral ceilings.A French door off the dining room accesses the back yard that has a lovely patio with pavers surrounded by planters that spans the back of the home with ample space for outdoor enjoyment.Back inside,the opulent master suite has cathedral ceilings,cooling ceiling fan,a sliding door to the backyard,a walk-in closet & a private bath with double vanity & an oval soaking tub with shower.Two secondary bedrooms share a large bath with a double vanity & tub/shower combo off the hall.Some of the many recent improvements to this home include a new tile roof,new central heat & air units,a whole house fan,sectional garage door,fully remodeled kitchen,updated bathrooms & paver patio.Just minutes away are award winning schools at all levels,including Yorba Linda HS,parks & shopping!Don't miss this opportunity!

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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: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k938k

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

Neighborhood: Anaheim Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18223818

* 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
Bryant Ranch Elementary School Primary Regular 568 19 9
Travis Ranch Elementary-middle School Middle Regular 1,334 50 8
Yorba Linda High School High Regular 1,768 64 10

Bryant Ranch Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 19
9
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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,579
Property Tax -$730
Property Insurance -$61
HOA -$32
Property Management Fees -$132
CASH FLOW
-$844

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.

$699,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 5.4%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $2,693

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,690
1$2,6902$2,8503$3,0004$3,300
$3,300
RENT COMPS ANALYSIS
  • 6000 Toulan Way Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.92
    •  
  • 25616 Aragon Way Yorba Linda, CA 2
    • 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1987
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.87
    •  
  • 25538 Palermo Way Yorba Linda, CA 3
    • 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1987
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.97
    •  
  • 24325 Via Lenardo Yorba Linda, CA 4
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1987
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.93
    •  
PROPERTY LISTING DETAILS
Edith Israel
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20237485
Last Updated: 12/04/2020
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