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

12015 Ranchito Street El Monte, CA 91732

3 Beds 2 Baths 1,704 sqft Built 1964

$720,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $422.54
  • 7 Days on Market
  • MLS # : PW20228077
  • Updated Date : 11/02/2020 at 13:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,704 sqft
  • Baths : 2 full
Listing Agent

Team Spirit Realty, Inc.

Listing Agent's Description

Perfect family home in quiet desired Cul-De-Sec private location! Wonderful home features 3 bedrooms with 2 baths and welcomes you into spacious living room. The family room has a high ceiling. Beautiful kitchen with granite countertops, ample cabinets, and pantry. Master bedroom with fabulous maximum privacy, master bath, and spacious closet. Laundry area is conveniently located. Tile and wood, laminate floors throughout. Roof was redone January 2020, A/C unit was replaced last July. Attached 2 car garage with extra space. And driveway large enough to park multiple cars. Private backyard with lots of fruit trees, vegetable garden and plenty of space to enjoy. You will love it!

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: Norwood Cherrylee

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: Norwood Cherrylee

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21700180019002000210022002300240025002600270028002900Rent in $16122941

* 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
Durfee Elementary School Primary Regular 1,059 42 7
Durfee Elementary School Middle Regular 1,059 42 7
Arroyo High School High Regular 2,301 92 7

Durfee Elementary School

  • Education Level: Primary
  • # of students: 1,059
  • # of teachers: 42
7
GreatSchools Rating

Durfee Elementary School

  • Education Level: Middle
  • # of students: 1,059
  • # of teachers: 42
7
GreatSchools Rating

Arroyo High School

  • Education Level: High
  • # of students: 2,301
  • # of teachers: 92
7
GreatSchools Rating
 

$648,000$792,000$720,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,656
Property Tax -$889
Property Insurance -$68
Property Management Fees -$135
CASH FLOW
-$998

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.

$720,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
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$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$774

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $2,978

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,475
1$2,4752$2,5003$2,6004$2,6005$2,750
$2,750
RENT COMPS ANALYSIS
  • 12015 Ranchito Street El Monte, CA 5
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.61
    •  
  • 11342 Rockfield Drive Arcadia, CA 1
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1962
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.72
    •  
  • 4613 Cypress Avenue El Monte, CA 2
    • 4 beds 3 baths ∙ 1,405 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,405 Sqft ∙ Built 1959
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.78
    •  
  • 11358 Frankmont Street El Monte, CA 3
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1947
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.75
    •  
  • 5337 Hammill Road El Monte, CA 4
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1966
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.74
    •  
PROPERTY LISTING DETAILS
Yeo-yeon Chang
Team Spirit Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20228077
Last Updated: 11/02/2020
BESbswy