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12541 Countryside Street El Monte, CA 91732

4 Beds 3 Baths 1,433 sqft Built 1988

$568,800

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $396.93
  • 5 Days on Market
  • MLS # : WS21146020
  • Updated Date : 07/09/2021 at 11:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,433 sqft
  • Baths : 3 full
Listing Agent

Skyway Investment Corp.

Listing Agent's Description

Welcome to this beautiful Condo in a secured quiet gated community, that is perfect for first time home buyer!. Former dining area, Kitchen head outside to the patio where you can prepare a BBQ feast for your family gathering. Head upstairs to find the 3 bedrooms. There also has one bedroom downstairs. The house also includes an attached two car garage plus one additional assigned parking space. Great location near shopping, restaurants and freeway access.

SEE MORE

MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Arbors

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $166k622k

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

Neighborhood: Arbors

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21700180019002000210022002300240025002600270028002900Rent in $16182941

* 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
Madrid Middle School Middle Regular 844 38 3
Mountain View High School High Regular 1,477 75 4

Madrid Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 38
3
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 1,477
  • # of teachers: 75
4
GreatSchools Rating
 

$511,920$625,680$568,800

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,976
Property Tax -$675
Property Insurance -$62
HOA -$310
Property Management Fees -$113
CASH FLOW
-$825

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.

$568,800

PROJECTED PRICE

$2,310

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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-$15k-$10k-$5.0k$0.0$5.0k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,482

INVESTMENT

$156,482

Down Payment
$142,200
Rehab Estimate
$5,750
Closing Costs
$8,532

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,976

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,200
Loan Amount $426,600
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$68

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $2,479

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3103$2,4004$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 12541 Countryside Street El Monte, CA 2
    • 4 beds 3 baths ∙ 1,433 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,433 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.61
    •  
  • 12248 Mulhall Street El Monte, CA 1
    • 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1975
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.71
    •  
  • 5007 Peck Road El Monte, CA 3
    • 3 beds 3 baths ∙ 1,370 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,370 Sqft ∙ Built 1986
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.75
    •  
  • 3627 Meadowlark Street El Monte, CA 4
    • 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1987
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.78
    •  
  • 11918 Deana Street El Monte, CA 5
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1987
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.68
    •  
PROPERTY LISTING DETAILS
Funing Zhao
Skyway Investment Corp.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21146020
Last Updated: 07/09/2021
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