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

1273 Shepherd Way Claremont, CA 91711

3 Beds 2 Baths 1,522 sqft Built 1982

$579,800

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $380.95
  • 4 Days on Market
  • MLS # : CV20242852
  • Updated Date : 11/19/2020 at 10:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,522 sqft
  • Baths : 2 full
Listing Agent

Re/max Masters Realty

Listing Agent's Description

REMODELED SINGLE STORY SITUATED ON A QUIET CUL-DE-SAC. Framed by mature trees & green grass, the cul-de-sac feels like an open greenbelt. A walkway strolls through planters to the front door leading to an entry way, open floor plan w/vaulted ceilings (throughout) & a skylight. Spacious family room w/new paint & crown molding (throughout), recessed lighting, a custom travertine fireplace w/wood mantel & French doors that open to an enclosed patio surrounded with windows, a ceiling fan, new carpet and backyard access. Formal dining area features a glass chandelier & window w/drapes. Remodeled kitchen w/cherrywood cabinetry, granite counters, glass tiled backsplash, stainless steel appliances & a spacious breakfast nook surrounded w/windows. Master bedroom offers carpeted floors, ceiling fan, bay window & vaulted ceilings (in all bedrooms). Master bathroom w/wood patterned tile floors, cherrywood cabinetry, granite countertop & privacy door to custom tiled shower w/frameless glass surround. Two additional bedrooms w/ceiling fans plus a remodeled hall bath also w/cherrywood cabinetry, quartz countertop, tiled wainscoting & marble shower/tub. Indoor laundry room leads to attached two car garage. Backyard w/artificial turf, concrete decking, block wall w/greenery & vinyl fencing. New HVAC, new interior paint & new exterior trim. Association has a gated pool and spa with a park like setting & includes exterior insurance, paint, pest control, roofing, landscaping & irrigation.

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: Piedmont Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Piedmont Mesa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16613697

* 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
Sumner Elementary School Primary Regular 541 21 5
El Roble Intermediate School Middle Regular 1,068 43 7
Claremont High School High Regular 2,423 92 9

Sumner Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 21
5
GreatSchools Rating

El Roble Intermediate School

  • Education Level: Middle
  • # of students: 1,068
  • # of teachers: 43
7
GreatSchools Rating

Claremont High School

  • Education Level: High
  • # of students: 2,423
  • # of teachers: 92
9
GreatSchools Rating
 

$521,820$637,780$579,800

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,139
Property Tax -$641
Property Insurance -$64
HOA -$300
Property Management Fees -$129
CASH FLOW
-$633

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.

$579,800

PROJECTED PRICE

$2,640

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$159,397

INVESTMENT

$159,397

Down Payment
$144,950
Rehab Estimate
$5,750
Closing Costs
$8,697

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,139

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,950
Loan Amount $434,850
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $2,812

    COMP ESTIMATED VALUE
  • $1.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,6402$2,7003$2,8504$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 1273 Shepherd Way Claremont, CA 1
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.73
    •  
  • 1815 Roanoke Road Claremont, CA 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1964
    property image
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.73
    •  
  • 3868 Shelter Grove Drive Claremont, CA 3
    • 3 beds 1 baths ∙ 1,471 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,471 Sqft ∙ Built 1963
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.94
    •  
  • 4224 Stone Circle La Verne, CA 4
    • 4 beds 1 baths ∙ 1,716 Sqft ∙ Built 1977 4 beds 1 baths ∙ 1,716 Sqft ∙ Built 1977
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.86
    •  
  • 4275 Williams Avenue La Verne, CA 5
    • 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1981
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.86
    •  
PROPERTY LISTING DETAILS
Nicholas Abbadessa
Re/max Masters Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20242852
Last Updated: 11/19/2020
BESbswy