Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12 Red Oak Circle Phillips Ranch, CA 91766

4 Beds 2 Baths 1,776 sqft Built 1979

$715,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $402.59
  • 3 Days on Market
  • MLS # : CV20243987
  • Updated Date : 11/21/2020 at 16:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,776 sqft
  • Baths : 2 full
Listing Agent

Re/max Top Producers

Listing Agent's Description

Gorgeous recently remodeled single-story home located in a cul-de-sac with great curb appeal in the highly sought community of Phillips Ranch. Open floor plan with vaulted living room ceilings. Recent upgrades to the home include newer flooring, recess lights throughout, remodeled bathrooms, finished garage, new wooden patio cover, new wooden fence, Hunter Douglass blinds throughout, and stone fireplace. This home is equipped with dual pane windows, paid off solar panels, Tex-Cote exterior texture, and drought-resistant front landscaping for efficiency. Showing by appointment.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12562941

* 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
Decker Elementary School Primary Regular 528 21 4
Lorbeer Middle School Middle Regular 754 29 6
Diamond Ranch High School High Regular 1,791 70 7

Decker Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 21
4
GreatSchools Rating

Lorbeer Middle School

  • Education Level: Middle
  • # of students: 754
  • # of teachers: 29
6
GreatSchools Rating

Diamond Ranch High School

  • Education Level: High
  • # of students: 1,791
  • # of teachers: 70
7
GreatSchools Rating
 

$643,500$786,500$715,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,638
Property Tax -$788
Property Insurance -$70
Property Management Fees -$128
CASH FLOW
-$1,004

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.

$715,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $2,602

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6003$2,6204$2,6505$2,900
$2,900
RENT COMPS ANALYSIS
  • 12 Red Oak Circle Phillips Ranch, CA 3
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.48
    •  
  • 75 Hidden Valley Road Pomona, CA 1
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1985
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.55
    •  
  • 10 Falcon Ridge Drive Phillips Ranch, CA 2
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1985
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 1 Rolling Hills Drive Phillips Ranch, CA 4
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1979
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.49
    •  
  • 28 Falcon Ridge Drive Phillips Ranch, CA 5
    • 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1983
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.49
    •  
PROPERTY LISTING DETAILS
Erick Guzman
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20243987
Last Updated: 11/21/2020
BESbswy