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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $336.21
- 26 Days on Market
- MLS # : CV21037917
- Updated Date : 03/20/2021 at 19:45
CONSTRUCTION
- Beds : 5
- Floor Size : 2,662 sqft
- Baths : 2 full
Listing Agent
Keller Williams Covina
Listing Agent's Description
Be the second owner of this spacious home on a cul de sac, in the highly sought after Via Verde neighborhood in San Dimas. When you walk in you are greeted by an inviting formal living room and dining room which comfortably accommodates seating for six or more. Open floor plan, family living room with a wood burning fireplace, downstairs, bed/office room conveniently located, full bathroom and kitchen with breakfast counter, granite counter tops, big pantry, dining area with French doors leading to a large back & side Yard. The laundry room is located downstairs with door leading to a 3 car garage. Upstairs master bedroom, master bathroom with double sinks and a walk in closet, shower, Jacuzzi tub and lots of cabinets, there are three additional bedrooms and another full bath upstairs. AC unit almost new (approx. two years old) & New Heater Unit. Perfect location with nearby parks, walking trails, horse trails, Bonelli Park, neighborhood shops and great access to the 57/10/71/210 Fwys. Professional photos will be provided by end of March.
SEE MORE
MARKET HIGHLIGHTS
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
- 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)
- 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)
- 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]
- 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: San Dimas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Dimas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,620 |
| EXPENSES | Loan Payment | -$3,109 |
| Property Tax | -$914 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$177 | |
|
CASH FLOW
-$671
|
||
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.
$895,000
PROJECTED PRICE
$3,620
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.05% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$242,925
LOAN DETAILS
$3,109
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $223,750 |
| Loan Amount | $671,250 |
2.33
YEARS SAVED
$15,674
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,620
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$3,620
COMP ESTIMATED VALUE -
$1.36
COMP AVG. RENT PER SQFT
Comps Range
-
1408 Calle De Oro San Dimas, CA 3
- 5 beds 2 baths ∙ 2,662 Sqft ∙ Built 1975 5 beds 2 baths ∙ 2,662 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $3,620
- $1.36
-
919 Via Amadeo San Dimas, CA 1
- 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1987
LEASED 09/20/20- Rent
- Rent Per SQFT
- $3,500
- $1.38
-
792 Calle Carrillo San Dimas, CA 2
- 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1977
LEASED 09/01/20- Rent
- Rent Per SQFT
- $3,600
- $1.35
-
1408 Paseo Manzana San Dimas, CA 4
- 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 1977
LEASED 10/07/20- Rent
- Rent Per SQFT
- $3,800
- $1.35
-
1034 Calle Carrillo San Dimas, CA 5
- 5 beds 3 baths ∙ 2,792 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,792 Sqft ∙ Built 1972
LEASED 10/01/20- Rent
- Rent Per SQFT
- $3,800
- $1.36
PROPERTY LISTING DETAILS
Keller Williams Covina
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21037917
Last Updated: 03/20/2021
