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1401 Stonecrest Place Diamond Bar, CA 91765

3 Beds 3 Baths 1,874 sqft Built 1985

$898,800

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $479.62
  • 2 Days on Market
  • MLS # : TR21010477
  • Updated Date : 01/16/2021 at 20:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,874 sqft
  • Baths : 3 full
Listing Agent

Remax 2000 Realty

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: 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
Quail Summit Elementary School Primary Regular 652 23 10
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Quail Summit Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 23
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
 

$808,920$988,680$898,800

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$3,122
Property Tax -$966
Property Insurance -$72
Property Management Fees -$143
CASH FLOW
-$1,383

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.

$898,800

PROJECTED PRICE

$2,920

PROJECTED RENT

0.32%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,932

INVESTMENT

$243,932

Down Payment
$224,700
Rehab Estimate
$5,750
Closing Costs
$13,482

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,122

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,700
Loan Amount $674,100
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$85

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $2,928

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8003$2,8754$2,9205$3,200
$3,200
RENT COMPS ANALYSIS
  • 1401 Stonecrest Place Diamond Bar, CA 4
    • 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.56
    •  
  • 1418 Stardust Drive Diamond Bar, CA 1
    • 3 beds 3 baths ∙ 1,759 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,759 Sqft ∙ Built 1985
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.56
    •  
  • 1251 Longview Drive Diamond Bar, CA 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1986
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.49
    •  
  • 1333 Crestmont Drive Diamond Bar, CA 3
    • 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 1985
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.65
    •  
  • 1292 Deerfield Place Diamond Bar, CA 5
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1986
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.55
    •  
PROPERTY LISTING DETAILS
Xiao Zhang
Remax 2000 Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21010477
Last Updated: 01/16/2021
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