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150 Ashbrook Lane Pomona, CA 91766

4 Beds 3 Baths 1,935 sqft Built 1995

$549,800

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $284.13
  • 4 Days on Market
  • MLS # : CV21044911
  • Updated Date : 03/05/2021 at 06:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,935 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Premier Proper

Listing Agent's Description

Lovely and spacious 4 bedrooms and 2.5 bathrooms in gated PUD community built in 1995 located in heart of Pomona, close to Chino Hills, Chino, Diamond Bar, 60, 10 and 71 freeways, easy access to grocery stores, shopping centers and restaurants. Beautifully remodeled with new laminated floor, freshly painted interior and exterior walls, new stove and microwave, fireplace in the family room, window shutters, great size of backyard, low monthly HOA and solar panel by Solar City/Tesla paid in full. MOVE IN READY.

SEE MORE

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)
  • 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12562941

* 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
Lexington Elementary School Primary Regular 650 29 6
Lexington Elementary School Middle Regular 650 29 6
Garey Senior High School High Regular 1,819 76 3

Lexington Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 29
6
GreatSchools Rating

Lexington Elementary School

  • Education Level: Middle
  • # of students: 650
  • # of teachers: 29
6
GreatSchools Rating

Garey Senior High School

  • Education Level: High
  • # of students: 1,819
  • # of teachers: 76
3
GreatSchools Rating
 

$494,820$604,780$549,800

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,910
Property Tax -$606
Property Insurance -$74
HOA -$80
Property Management Fees -$118
CASH FLOW
-$377

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$549,800

PROJECTED PRICE

$2,410

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$151,447

INVESTMENT

$151,447

Down Payment
$137,450
Rehab Estimate
$5,750
Closing Costs
$8,247

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,450
Loan Amount $412,350
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,588

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4103$2,4754$2,5755$2,950
$2,950
RENT COMPS ANALYSIS
  • 150 Ashbrook Lane Pomona, CA 2
    • 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,935 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.25
    •  
  • 1484 S San Antonio Avenue Pomona, CA 1
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1998
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.33
    •  
  • 34 N Slope Lane Phillips Ranch, CA 3
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1980
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.23
    •  
  • 1354 S Towne Avenue Pomona, CA 4
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 2007
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $1.30
    •  
  • 9 Skyline Lane Phillips Ranch, CA 5
    • 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 1981
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.49
    •  
PROPERTY LISTING DETAILS
Wenny Gunawan
Keller Williams Premier Proper
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21044911
Last Updated: 03/05/2021
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