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1445 Lindengrove Avenue Rowland Heights, CA 91748

3 Beds 2 Baths 1,090 sqft Built 1963

$610,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $559.63
  • 4 Days on Market
  • MLS # : PW21020806
  • Updated Date : 02/04/2021 at 14:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,090 sqft
  • Baths : 2 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

This Home is perfect for your First-Time Buyer or Investor. It has great potential and there is room to add on, 3 bedrooms, 2 baths, newer A/C unit, Large Patio Slider that goes out to a covered patio, Front courtyard area has pavers, 2-car garage, Storage shed in the backyard, located in a nice neighborhood with close access to shopping, schools, and freeways. Property to be sold "As-Is".

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: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650kPrice in $187k690k

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

Neighborhood: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001700180019002000210022002300240025002600270028002900Rent in $15582941

* 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
John A. Rowland High School High Regular 2,329 87 8

John A. Rowland High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 87
8
GreatSchools Rating
 

$549,000$671,000$610,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$2,119
Property Tax -$633
Property Insurance -$53
Property Management Fees -$109
CASH FLOW
-$694

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.

$610,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,119

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $1,997

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,4003$2,5504$2,5505$2,700
$2,700
RENT COMPS ANALYSIS
  • 1445 Lindengrove Avenue Rowland Heights, CA 1
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $2.04
    •  
  • 19555 Cronin Drive Rowland Heights, CA 2
    • 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.86
    •  
  • 2215 Calmette Ave Rowland Heights, CA 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.82
    •  
  • 1829 Nausika Avenue Rowland Heights, CA 4
    • 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.77
    •  
  • 1803 Nausika Avenue Rowland Heights, CA 5
    • 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.88
    •  
PROPERTY LISTING DETAILS
Sally Ragan
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21020806
Last Updated: 02/04/2021
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