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

1211 S Butterfield Road West Covina, CA 91791

4 Beds 3 Baths 1,624 sqft Built 1955

$680,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $418.72
  • 3 Days on Market
  • MLS # : IG21004938
  • Updated Date : 01/09/2021 at 09:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,624 sqft
  • Baths : 3 full
Listing Agent

Aria Realty Group

Listing Agent's Description

Look no further! This gorgeous SINGLE STORY home is located in a great neighborhood in an established part of West Covina. Lots of charm and curb appeal as soon as you pull up. It offers 4 bedrooms, 3 bathrooms in 1,624 sq ft of living space. A fireplace to warm up the family room and a dining area with lots of natural light that opens up to a spacious sun room. This home also features an attached 2-car garage with in home access and it’s surrounded by a beautifully landscaped yard.

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: Azusa-Cameron

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $184k856k

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

Neighborhood: Azusa-Cameron

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15053697

* 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
Merced Elementary School Primary Regular 543 22 9
Hollencrest Middle School Middle Regular 774 30 7
Edgewood High School High Regular 831 33 7

Merced Elementary School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 22
9
GreatSchools Rating

Hollencrest Middle School

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 30
7
GreatSchools Rating

Edgewood High School

  • Education Level: High
  • # of students: 831
  • # of teachers: 33
7
GreatSchools Rating
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,362
Property Tax -$697
Property Insurance -$66
Property Management Fees -$141
CASH FLOW
-$386

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.

$680,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.5%
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$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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$19,154

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1.77

    LIST RENT PER SQFT
  • $2,814

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6003$2,8804$2,9005$2,975
$2,975
RENT COMPS ANALYSIS
  • 1211 S Butterfield Road West Covina, CA 3
    • 4 beds 3 baths ∙ 1,624 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,624 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.77
    •  
  • 1037 S Valinda Avenue West Covina, CA 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1951
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.73
    •  
  • 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
    •  
  • 1110 S Susanna Avenue West Covina, CA 4
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1955
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.68
    •  
  • 1009 S Terri Ann Drive West Covina, CA 5
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1957
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.84
    •  
PROPERTY LISTING DETAILS
Gilberto Brambila
Aria Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21004938
Last Updated: 01/09/2021
BESbswy