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1016 Helmsdale Avenue Valinda, CA 91744

3 Beds 2 Baths 1,694 sqft Built 1962

$539,888

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $318.71
  • 7 Days on Market
  • MLS # : CV20227775
  • Updated Date : 10/28/2020 at 14:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,694 sqft
  • Baths : 2 full
Listing Agent

Excellence Vision Real Estate

Listing Agent's Description

A FABULOUS home in the City of Valinda and FIRST time on the market!!!! Home has superb curb appeal as it has a professionally landscaped front yard. Home sits on a quiet cul de sac and is minutes away from West Covina. Home is over 1600 sq. ft and lot is large - 6504 sq. ft... This GEM has a large living room with a beautiful large window overlooking the front yard. Kitchen is spacious and there is a breakfast bar perfect for those Sunday mornings.... Next to kitchen, there is a spacious formal dining room .. dining room has a large slider overlooking the swimming pool. The spacious 3 bedrooms all have ceiling fans. There is a large bathroom in the hallway. One of the bedrooms is a master. The garage was being used as a family room. In addition, there is central air and heat. Home has an excellent floor plan and the potential is endless! Show and sell!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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)
  • 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 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Valinda

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k622k

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

Neighborhood: Valinda

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13252941

* 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
Valinda School Of Academics Primary Regular 533 23 5
Valinda School Of Academics Middle Regular 533 23 5
William Workman High School High Regular 1,165 50 5

Valinda School Of Academics

  • Education Level: Primary
  • # of students: 533
  • # of teachers: 23
5
GreatSchools Rating

Valinda School Of Academics

  • Education Level: Middle
  • # of students: 533
  • # of teachers: 23
5
GreatSchools Rating

William Workman High School

  • Education Level: High
  • # of students: 1,165
  • # of teachers: 50
5
GreatSchools Rating
 

$485,899$593,877$539,888

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,992
Property Tax -$576
Property Insurance -$68
Property Management Fees -$133
CASH FLOW
-$49

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$539,888

PROJECTED PRICE

$2,720

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,820

INVESTMENT

$148,820

Down Payment
$134,972
Rehab Estimate
$5,750
Closing Costs
$8,098

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,972
Loan Amount $404,916
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$45,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $2,765

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6003$2,6004$2,7205$2,850
$2,850
RENT COMPS ANALYSIS
  • 1016 Helmsdale Avenue Valinda, CA 4
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.61
    •  
  • 1134 Molinar La Puente, CA 1
    • 4 beds 2 baths ∙ 1,533 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,533 Sqft ∙ Built 1955
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.57
    •  
  • 16702 Holton St La Puente, CA 2
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1953
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.68
    •  
  • 15749 Lawnwood Street La Puente, CA 3
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.65
    •  
  • 1201 Tina Lane West Covina, CA 5
    • 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1982
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.63
    •  
PROPERTY LISTING DETAILS
Karena Rubio
Excellence Vision Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20227775
Last Updated: 10/28/2020
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