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6110 Orangegate Drive Yorba Linda, CA 92886

4 Beds 3 Baths 2,384 sqft Built 1995

$945,000

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $396.39
  • 3 Days on Market
  • MLS # : PW20256079
  • Updated Date : 12/11/2020 at 17:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,384 sqft
  • Baths : 3 full
Listing Agent

The Boutique Real Estate Group

Listing Agent's Description

Welcome to this BEAUTIFULLY REMODELED home located at end of quiet cul-de-sac. The home also has a private backyard with fruit trees, Beautiful two story home The main floor also features a bedroom and full bathroom. Quarts countertops, stainless steel appliances, designer cabinets with soft close on all cabinets & drawers.  Newer AC Unit, Newer Exterior and interior paint, NO HOA, NO MELLO ROOS!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)

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
Van Buren Elementary School Primary Regular 689 24 7
Kraemer Middle School Middle Magnet 952 38 7
Valencia High School High Magnet 2,740 100 9

Van Buren Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 24
7
GreatSchools Rating

Kraemer Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 38
7
GreatSchools Rating

Valencia High School

  • Education Level: High
  • # of students: 2,740
  • # of teachers: 100
9
GreatSchools Rating
 

$850,500$1,039,500$945,000

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$3,487
Property Tax -$908
Property Insurance -$85
Property Management Fees -$170
CASH FLOW
-$1,179

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.

$945,000

PROJECTED PRICE

$3,470

PROJECTED RENT

0.37%

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

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$256,175

INVESTMENT

$256,175

Down Payment
$236,250
Rehab Estimate
$5,750
Closing Costs
$14,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,487

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $236,250
Loan Amount $708,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,470

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $3,463

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4003$3,4504$3,4705$3,800
$3,800
RENT COMPS ANALYSIS
  • 6110 Orangegate Drive Yorba Linda, CA 4
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,470
    • $1.46
    •  
  • 1427 Samp Lane Placentia, CA 1
    • 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1997
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.41
    •  
  • 1919 Los Alamitos Drive Placentia, CA 2
    • 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1980
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.38
    •  
  • 307 Atchley Lane Placentia, CA 3
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2001
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.44
    •  
  • 17355 Summer Oak Place Yorba Linda, CA 5
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1991
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.58
    •  
PROPERTY LISTING DETAILS
Hanan Sawalha
The Boutique Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20256079
Last Updated: 12/11/2020
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