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12409 Kayreid Drive Whittier, CA 90605

3 Beds 1 Baths 1,111 sqft Built 1955

$405,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $364.54
  • 2 Days on Market
  • MLS # : PW21041422
  • Updated Date : 02/27/2021 at 18:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,111 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This home has a lot of up side potential in a highly desirable area of Whittier. The home features 3 bedrooms and 1 bathroom with an attached 2 car garage. The home needs a lot of work an attention. Make this home your own with some elbow grease. The home will be sold completely AS-IS, sellers will not be doing any work.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: South Whittier

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: South Whittier

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13892941

* 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
California High School High Regular 2,955 103 7

California High School

  • Education Level: High
  • # of students: 2,955
  • # of teachers: 103
7
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,407
Property Tax -$443
Property Insurance -$54
Property Management Fees -$115
CASH FLOW
$322

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.

$405,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$65,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $2.11

    LIST RENT PER SQFT
  • $2,341

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,340
1$2,3402$2,5003$2,5504$2,6505$2,800
$2,800
RENT COMPS ANALYSIS
  • 12409 Kayreid Drive Whittier, CA 1
    • 3 beds 1 baths ∙ 1,111 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,111 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $2.11
    •  
  • 13650 Greenstone Avenue Norwalk, CA 2
    • 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1956
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.01
    •  
  • 12214 Burgess Avenue Whittier, CA 3
    • 3 beds 1 baths ∙ 1,225 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,225 Sqft ∙ Built 1954
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $2.08
    •  
  • 12313 Ramsey Drive Whittier, CA 4
    • 3 beds 1 baths ∙ 1,207 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,207 Sqft ∙ Built 1961
    property image
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.20
    •  
  • 13322 Greenstone Avenue Norwalk, CA 5
    • 3 beds 1 baths ∙ 1,306 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,306 Sqft ∙ Built 1958
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.14
    •  
PROPERTY LISTING DETAILS
Justin Garland
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21041422
Last Updated: 02/27/2021
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