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PROPERTY INFO
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
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92886
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$238,947
LOAN DETAILS
$3,057
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $219,998 |
| Loan Amount | $659,993 |
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
-
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
Century 21 Discovery
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW21029282
Last Updated: 02/12/2021
