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1105 E Renwick Road Glendora, CA 91740

4 Beds 2 Baths 1,769 sqft Built 1958

$699,950

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $395.68
  • 5 Days on Market
  • MLS # : CV21034296
  • Updated Date : 03/05/2021 at 19:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,769 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Marty Rodriguez

Listing Agent's Description

This pool-home could be just what you are looking for! This home offers a great corner-lot location and nice curb appeal. You are welcomed into a bright open living room with a dining area. The spacious kitchen features granite counter tops and new cabinets. You’ll love the open and spacious family room accented by a cozy brick fireplace and sliding glass door leading to the backyard. This great home offers 4 bedrooms and 3 bathrooms, including a private studio with its own bathroom and its own entrance. Backyard features a pool. 2-car attached garage with a laundry area. There are 2 driveways, one for the garage and one on the side of the house enough for another 2 cars. Don’t wait! Schedule your showing appointment today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]
  • 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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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 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: Glendora

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Glendora

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16233697

* 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
Royal Oak Middle School Middle Regular 720 30 6
Charter Oak High School High Regular 1,735 61 6

Royal Oak Middle School

  • Education Level: Middle
  • # of students: 720
  • # of teachers: 30
6
GreatSchools Rating

Charter Oak High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 61
6
GreatSchools Rating
 

$629,955$769,945$699,950

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,431
Property Tax -$730
Property Insurance -$70
Property Management Fees -$138
CASH FLOW
-$559

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$699,950

PROJECTED PRICE

$2,810

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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-$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$191,237

INVESTMENT

$191,237

Down Payment
$174,988
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,988
Loan Amount $524,963
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,320

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $1.59

    LIST RENT PER SQFT
  • $2,883

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7503$2,7504$2,8105$2,950
$2,950
RENT COMPS ANALYSIS
  • 1105 E Renwick Road Glendora, CA 4
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $1.59
    •  
  • 326 E Linfield Street Glendora, CA 1
    • 4 beds 2 baths ∙ 1,511 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,511 Sqft ∙ Built 1957
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.65
    •  
  • 2036 E Linfield Street Glendora, CA 2
    • 4 beds 1 baths ∙ 1,700 Sqft ∙ Built 1956 4 beds 1 baths ∙ 1,700 Sqft ∙ Built 1956
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.62
    •  
  • 813 Caballo Avenue Glendora, CA 3
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1962
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.53
    •  
  • 831 Essex Street Glendora, CA 5
    • 4 beds 2 baths ∙ 1,719 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,719 Sqft ∙ Built 1961
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.72
    •  
PROPERTY LISTING DETAILS
Carolyn Vazquez
Century 21 Marty Rodriguez
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21034296
Last Updated: 03/05/2021
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