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1509 S Burnaby Drive Glendora, CA 91740

3 Beds 2 Baths 1,130 sqft Built 1955

$670,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $592.92
  • 2 Days on Market
  • MLS # : MB20262696
  • Updated Date : 12/26/2020 at 15:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,130 sqft
  • Baths : 2 full
Listing Agent

United Brokers Realty

Listing Agent's Description

REMODELED GLENDORA HOUSE WTH POOL** Buyers This Is Move-In Conditions!! Beautiful Front Yard w/ Green Grass and A Brick Pathway That Leads You To The Front Door From The Driveway. Property is A 3 Bedrooms and 2 Bathrooms, Central AC & Heating, Features Tile Wood-look Flooring Throughout the Whole House, Both Bathrooms Have Been Completely Re-Done w/ Custom Tile & Glass Doors. Recently In The Attic New Insulation Was Installed, New Light Fixtures in The House, New Paint, Crown Molding, New Kitchen Cabinets With Lighting Underneath w/ Quartz Counter Tops and a Large Island Waterfall Style For The Whole Family. Large Backyard To Enjoy The Recently Remodeled Pebble Pool That Also Has A New Filter & Pool Pump!! Hurry Property Is Price to Sell & wont last long!! Call Agent For Private Showing!

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MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Glendora

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Glendora

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16233697

* 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
Willow Elementary School Primary Regular 366 15 8
Willow Elementary School Middle Regular 366 15 8
Charter Oak High School High Regular 1,735 61 6

Willow Elementary School

  • Education Level: Primary
  • # of students: 366
  • # of teachers: 15
8
GreatSchools Rating

Willow Elementary School

  • Education Level: Middle
  • # of students: 366
  • # of teachers: 15
8
GreatSchools Rating

Charter Oak High School

  • Education Level: High
  • # of students: 1,735
  • # of teachers: 61
6
GreatSchools Rating
 

$603,000$737,000$670,000

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 -$2,472
Property Tax -$699
Property Insurance -$54
Property Management Fees -$118
CASH FLOW
-$933

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.

$670,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$183,300

INVESTMENT

$183,300

Down Payment
$167,500
Rehab Estimate
$5,750
Closing Costs
$10,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,500
Loan Amount $502,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$593

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
  • $2.13

    LIST RENT PER SQFT
  • $2,051

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4103$2,4954$2,5005$2,695
$2,695
RENT COMPS ANALYSIS
  • 1509 S Burnaby Drive Glendora, CA 2
    • 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $2.13
    •  
  • 4805 N Mangrove Avenue Covina, CA 1
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1956
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.85
    •  
  • 546 Crown Street Glendora, CA 3
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1962
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.83
    •  
  • 708 Ivy Street Glendora, CA 4
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1961
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.76
    •  
  • 1207 Heather Street Glendora, CA 5
    • 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 1965
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.82
    •  
PROPERTY LISTING DETAILS
William Pulido
United Brokers Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB20262696
Last Updated: 12/26/2020
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