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1107 Belbury Drive Diamond Bar, CA 91789

4 Beds 3 Baths 1,714 sqft Built 1966

$699,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $407.82
  • 3 Days on Market
  • MLS # : CV20232018
  • Updated Date : 11/06/2020 at 13:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,714 sqft
  • Baths : 3 full
Listing Agent

Reliable R.e., Inc.

Listing Agent's Description

Original owner, Walnut School District, house needs some TLC. 4 BR 3 BA, one bedroom and one bath downstairs. 3 bedroom 2 bathrooms upstairs. Fireplace in living room. Formal dining room (currently used as office). Ceiling fans. Kitchen needs to be updated. Walk-in pantry. 3 bathrooms had been remodeled. Granite counter tops. Nice sized backyard with covered patio. One fruit tree. Newer metal roof. Cul-de-sac street.

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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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Walnut Elementary School Primary Regular 556 22 8
South Pointe Middle School Middle Regular 982 40 9
Walnut High School High Regular 2,754 112 10

Walnut Elementary School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 22
8
GreatSchools Rating

South Pointe Middle School

  • Education Level: Middle
  • # of students: 982
  • # of teachers: 40
9
GreatSchools Rating

Walnut High School

  • Education Level: High
  • # of students: 2,754
  • # of teachers: 112
10
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,579
Property Tax -$725
Property Insurance -$69
Property Management Fees -$132
CASH FLOW
-$804

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.

$699,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.58

    LIST RENT PER SQFT
  • $2,674

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6503$2,7004$2,9505$2,975
$2,975
RENT COMPS ANALYSIS
  • 1107 Belbury Drive Diamond Bar, CA 3
    • 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.58
    •  
  • 20460 Flintgate Drive Walnut, CA 1
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1966
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.54
    •  
  • 20238 Wyn Walnut, CA 2
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1976
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.58
    •  
  • 20148 Padrino Avenue Walnut, CA 4
    • 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 1979
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.56
    •  
  • 1217 Calbourne Drive Diamond Bar, CA 5
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1964
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.56
    •  
PROPERTY LISTING DETAILS
Anne Yang
Reliable R.e., Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20232018
Last Updated: 11/06/2020
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