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1302 Pecan Grove Drive Diamond Bar, CA 91765

5 Beds 3 Baths 2,447 sqft Built 1973

$999,000

List Price

$3,450

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $408.26
  • 2 Days on Market
  • MLS # : CV21030658
  • Updated Date : 02/13/2021 at 17:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,447 sqft
  • Baths : 3 full
Listing Agent

Century 21 Masters

Listing Agent's Description

Beautifully remodeled Walnut School District Home. Walking distance to Maple Hill Elementary & Chaparral Middle School. Great floor plan with vaulted ceilings and lots of light. Formal living room with fireplace, Formal dining room, Spacious family room with fireplace, Bright and clean remodeled kitchen with center island. 1 bedroom & 1 bath on the main floor with 4 bedrooms and 2 bathrooms up. All 3 bathrooms have been updated. Upgraded dual pane windows, Wood grain tile flooring & laminate wood flooring throughout, Extensive use of recessed LED lighting, New plumbing and more. Large covered patio, Private backyard with plenty of room for children to play. Close and convenient to everything.

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: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Maple Hill Elementary School Primary Regular 523 19 10
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Maple Hill Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 19
10
GreatSchools Rating

Chaparral Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 46
10
GreatSchools Rating

Diamond Bar High School

  • Education Level: High
  • # of students: 3,050
  • # of teachers: 111
9
GreatSchools Rating
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$3,105$3,795$3,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,450
EXPENSES Loan Payment -$3,470
Property Tax -$1,020
Property Insurance -$86
Property Management Fees -$169
CASH FLOW
-$1,295

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.

$999,000

PROJECTED PRICE

$3,450

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,470

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,450

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $3,426

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,3003$3,3504$3,4505$3,500
$3,500
RENT COMPS ANALYSIS
  • 1302 Pecan Grove Drive Diamond Bar, CA 4
    • 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.41
    •  
  • 22907 Rio Lobos Road Diamond Bar, CA 1
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 1987
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.37
    •  
  • 22603 Hickory Nut Lane Diamond Bar, CA 2
    • 5 beds 3 baths ∙ 2,557 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,557 Sqft ∙ Built 1973
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.29
    •  
  • 1730 Silver Rain Drive Diamond Bar, CA 3
    • 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1979
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.44
    •  
  • 21801 Heatherlane Court Diamond Bar, CA 5
    • 5 beds 3 baths ∙ 2,334 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,334 Sqft ∙ Built 1977
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.50
    •  
PROPERTY LISTING DETAILS
The Scalio Team
Century 21 Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21030658
Last Updated: 02/13/2021
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