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1327 Spruce Tree Drive Diamond Bar, CA 91765

5 Beds 3 Baths 2,504 sqft Built 1972

$958,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $382.59
  • 8 Days on Market
  • MLS # : TR20234468
  • Updated Date : 11/12/2020 at 14:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,504 sqft
  • Baths : 3 full
Listing Agent

Irn Realty

Listing Agent's Description

Superb location with great curb appeal single story house with 5 bedroom, 3 baths. Hard to find double suites bedrooms. Walking distance to the award winning Chaparral Intermediate School down the street. Newly renovated with new kitchen cabinets, countertop, new laminated flooring throughout and new paint. High ceiling with recess lighting through out and open floor are some of the great features of this house. On top of that, big backyard with mostly cement for easy care. House is conveniently located two blocks from grocery shopping and restaurants. Only two miles to 60 FRWY and 57 FRWY. Award winning Walnut Unified School District. Don't wait! Book your showing today!

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
 

$862,200$1,053,800$958,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$3,535
Property Tax -$978
Property Insurance -$88
Property Management Fees -$166
CASH FLOW
-$1,376

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.

$958,000

PROJECTED PRICE

$3,390

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

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$259,620

INVESTMENT

$259,620

Down Payment
$239,500
Rehab Estimate
$5,750
Closing Costs
$14,370

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,535

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $239,500
Loan Amount $718,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$574

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $3,362

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3003$3,3504$3,3905$3,400
$3,400
RENT COMPS ANALYSIS
  • 1327 Spruce Tree Drive Diamond Bar, CA 4
    • 5 beds 3 baths ∙ 2,504 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,504 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.35
    •  
  • 22041 Birds Eye Drive Diamond Bar, CA 1
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1983
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.25
    •  
  • 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
    •  
  • 23078 Aspen Knoll Drive Diamond Bar, CA 5
    • 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 1972
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.39
    •  
PROPERTY LISTING DETAILS
Sophia Xie
Irn Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20234468
Last Updated: 11/12/2020
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