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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $454.51
- 3 Days on Market
- MLS # : CV21019031
- Updated Date : 01/29/2021 at 15:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,320 sqft
- Baths : 1 full
Listing Agent
Re/max Top Producers
Listing Agent's Description
Charming Glendora home in a beautiful neighborhood. Fantastic floorplan accompanied by several upgrades starting with a lovely kitchen featuring custom cabinets, granite countertops and backsplash, TOP OF THE LINE Kitchen Aid stainless steal appliances. Newer Dual Pane windows throughout the whole home with custom plantation shutters and recessed lighting all through the home. Great traditional entry that leads you into a spacious living room and large formal dining room area. Very large master bedroom and ample sized bedrooms. Newer oversized Central A/C perfect for those hot summer months. Home originally had 2 full bathrooms but was combined into one large bathroom for handicap purposes. Bathroom can be easily converted back into 2 separate bathrooms giving you a private master bathroom and a hallway bathroom. Upgraded bathroom with custom white shaker cabinets and storage, granite countertops and large shower. Enjoy plenty of family time in this homes large backyard and covered patio. This home is perfectly situated just minutes away from all of the cities best shopping centers, gyms, and fine dining. WELCOME HOME
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Glendora
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Glendora
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$600 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$113 | |
|
CASH FLOW
-$546
|
||
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.
$599,950
PROJECTED PRICE
$2,310
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 5.9% |
| 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
$164,737
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,988 |
| Loan Amount | $449,963 |
1.58
YEARS SAVED
$5,967
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$1.75
LIST RENT PER SQFT
-
$2,350
COMP ESTIMATED VALUE -
$1.78
COMP AVG. RENT PER SQFT
Comps Range
-
1426 S Farber Avenue Glendora, CA 1
- 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1961
![property image]()
- Rent
- Rent Per SQFT
- $2,310
- $1.75
-
18852 E Galatea Street Azusa, CA 2
- 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1956
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $2,350
- $1.87
-
401 E Linfield Street Glendora, CA 3
- 4 beds 2 baths ∙ 1,354 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,354 Sqft ∙ Built 1957
![property image]()
LEASED 03/07/20- Rent
- Rent Per SQFT
- $2,395
- $1.77
-
546 Crown Street Glendora, CA 4
- 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1962
![property image]()
LEASED 05/21/20- Rent
- Rent Per SQFT
- $2,495
- $1.83
-
326 E Linfield Street Glendora, CA 5
- 4 beds 2 baths ∙ 1,511 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,511 Sqft ∙ Built 1957
![property image]()
LEASED 03/05/20- Rent
- Rent Per SQFT
- $2,500
- $1.65
PROPERTY LISTING DETAILS
Re/max Top Producers
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21019031
Last Updated: 01/29/2021
