Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

144 Ball Drive Claremont, CA 91711

4 Beds 3 Baths 2,034 sqft Built 1992

$635,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1992
  • Price/Sqft : $312.19
  • 26 Days on Market
  • MLS # : IG20213644
  • Updated Date : 10/28/2020 at 16:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,034 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Honey Stop the Car! Come see this planned unit development 2 story home in the beautiful city of Claremont. This property features 4 bedrooms and 2.5 bathrooms, all rooms are upstairs. As you walk in you are enlighten by the high ceiling in the family room which has a fireplace, perfect for the winter weather that opens to the dining area. The kitchen has granite counter tops, an island, stainless steel appliances and laminate wood flooring that opens to the living. Laundry room inside, 2 car attached garage. Property located next to community park. Close to freeway and shopping centers. Don't Miss Out!

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: Piedmont Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Piedmont Mesa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16613697

* 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
Sumner Elementary School Primary Regular 541 21 5
El Roble Intermediate School Middle Regular 1,068 43 7
Claremont High School High Regular 2,423 92 9

Sumner Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 21
5
GreatSchools Rating

El Roble Intermediate School

  • Education Level: Middle
  • # of students: 1,068
  • # of teachers: 43
7
GreatSchools Rating

Claremont High School

  • Education Level: High
  • # of students: 2,423
  • # of teachers: 92
9
GreatSchools Rating
 

$571,500$698,500$635,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,343
Property Tax -$659
Property Insurance -$76
HOA -$150
Property Management Fees -$149
CASH FLOW
-$337

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.

$635,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 7.6%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$24,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $3,514

    COMP ESTIMATED VALUE
  • $1.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0403$3,1004$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 144 Ball Drive Claremont, CA 2
    • 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.49
    •  
  • 1937 Lockhaven Way Claremont, CA 1
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1982
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.60
    •  
  • 2432 Hummingbird Way La Verne, CA 3
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1989
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.59
    •  
  • 4224 Stone Circle La Verne, CA 4
    • 4 beds 1 baths ∙ 1,716 Sqft ∙ Built 1977 4 beds 1 baths ∙ 1,716 Sqft ∙ Built 1977
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.86
    •  
  • 4275 Williams Avenue La Verne, CA 5
    • 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1981
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.86
    •  
PROPERTY LISTING DETAILS
Ester Paula
Exp Realty Of California Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20213644
Last Updated: 10/28/2020
BESbswy