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6042 Stonehurst Plaza Yorba Linda, CA 92886

3 Beds 3 Baths 2,263 sqft Built 1972

$879,990

List Price

$3,510

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $388.86
  • 4 Days on Market
  • MLS # : PW21029282
  • Updated Date : 02/12/2021 at 15:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,263 sqft
  • Baths : 3 full
Listing Agent

Century 21 Discovery

Listing Agent's Description

Welcome to this Wonderful Cul-de-Sac Home in the Heart of Yorba Linda. 3 Bdrms (a 4th used as a Dining Room) 2 are Large Master Bdrms, one up and one downstairs, the Huge Upstairs one has a handsome fireplace, walk-in closet and private entrance off the viewing deck, the bedrooms all have new carpeting, the 3 Baths are updated with walk in showers and an inviting tub to soak in. Enter this home through the fine double doors, greeted by a marble foyer, carpeted staircase with oak railing, step down into the living room with another fireplace, beautiful wood laminate flooring, wood baseboards and casings. Your Gourmet Kitchen is just beyond the living room, complete with it's many self closing drawers, pull out shelves, pantry, a variety of cabinets, 2 lazy Susan corner cabinets, Granite Counter tops, 5 burner gas stove, over range Microwave, Bosch dishwasher, R/O water filtration, S/S double sink. Upstairs you have a Family room sized loft and two huge walk in or step up attic spaces, The home has 38 seller owned Solar Panel, 5 years new central air conditioning system, tankless water heater with recirculation pump, an excellent roof with rain gutters. You have a nice 2 car garage with epoxy coated floor, laundry hook ups, windowed roll up door, 3 car driveway, then the approx. 14 foot by 60 foot RV area. A covered patio w/220 for a spa , upstairs viewing deck, stone accented lawn, stone stepped bench viewing area with tranquil fountain 2 Avocado trees, citrus & palms trees

SEE MORE

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
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
 

$791,991$967,989$879,990

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$3,057
Property Tax -$898
Property Insurance -$82
Property Management Fees -$172
CASH FLOW
-$699

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.

$879,990

PROJECTED PRICE

$3,510

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,947

INVESTMENT

$238,947

Down Payment
$219,998
Rehab Estimate
$5,750
Closing Costs
$13,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,057

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,998
Loan Amount $659,993
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,510

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $3,711

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5003$3,5104$3,9505$4,195
$4,195
RENT COMPS ANALYSIS
  • 6042 Stonehurst Plaza Yorba Linda, CA 3
    • 3 beds 3 baths ∙ 2,263 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,263 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,510
    • $1.55
    •  
  • 20405 Via Don Juan Yorba Linda, CA 1
    • 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.56
    •  
  • 20430 Via Madrid Yorba Linda, CA 2
    • 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 1985
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.60
    •  
  • 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 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.65
    •  
  • 5404 Via Maria Yorba Linda, CA 5
    • 3 beds 3 baths ∙ 2,403 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,403 Sqft ∙ Built 1987
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,195
    • $1.75
    •  
PROPERTY LISTING DETAILS
Brian O'neil
Century 21 Discovery
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21029282
Last Updated: 02/12/2021
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