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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $351.83
- 6 Days on Market
- MLS # : WS20257604
- Updated Date : 12/18/2020 at 19:45
CONSTRUCTION
- Beds : 4
- Floor Size : 2,018 sqft
- Baths : 2 full , 1 half
Listing Agent
Irn Realtors/r.h.
Listing Agent's Description
Welcome to this modern home built in 2018 situated in the Cul de sac location in the community, this 2 story home boasts a high ceiling, an attached two car garage with driveway, and no common walls. Entire house comes with hardwood flooring. The spacious living room with direct access to the backyard. Backyard has been upgraded to full cement flooring and the large patio is perfect for family/group activities. The kitchen features a beautiful custom island with breakfast bar and cabinetry. The den next to the kitchen can be easily converted into another living room or office. Upstairs you will find 4 good sized bedrooms, The master bedroom not only has an oversized bathroom with separate sinks and shower but also a walk-in closet. This gorgeous community offers multiple visitor parking and quick access to Downtown LA, local shops and metro link. Don't miss this opportunity to make it your home!
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Baldwin Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Baldwin Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,710 |
| EXPENSES | Loan Payment | -$2,620 |
| Property Tax | -$778 | |
| Property Insurance | -$76 | |
| HOA | -$100 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
-$996
|
||
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.
$710,000
PROJECTED PRICE
$2,710
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.35% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.14% |
| 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
$193,900
LOAN DETAILS
$2,620
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $177,500 |
| Loan Amount | $532,500 |
0.33
YEARS SAVED
$644
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,710
LIST RENT -
$1.34
LIST RENT PER SQFT
-
$2,872
COMP ESTIMATED VALUE -
$1.42
COMP AVG. RENT PER SQFT
Comps Range
-
15208 De Pedro Court Baldwin Park, CA 1
- 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,710
- $1.34
-
1802 W Kenoak Drive West Covina, CA 2
- 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 2005
LEASED 02/02/20- Rent
- Rent Per SQFT
- $2,750
- $1.42
-
15007 Nubia Street Baldwin Park, CA 3
- 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2006
LEASED 06/11/20- Rent
- Rent Per SQFT
- $2,800
- $1.45
-
1810 W Kenoak Drive West Covina, CA 4
- 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2005
LEASED 10/08/20- Rent
- Rent Per SQFT
- $2,850
- $1.40
PROPERTY LISTING DETAILS
Irn Realtors/r.h.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: WS20257604
Last Updated: 12/18/2020
