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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $341.43
- 2 Days on Market
- MLS # : CV21057911
- Updated Date : 03/20/2021 at 14:57
CONSTRUCTION
- Beds : 5
- Floor Size : 2,923 sqft
- Baths : 3 full
Listing Agent
Compass
Listing Agent's Description
Your retreat from the modern world! Located in desirable San Dimas this home should be seen in person to be fully appreciated! The Grand Entryway is open & spacious showcasing the cathedral-high ceilings and Formal Living and Dining rooms. With endless upgrades throughout you’ll find Custom Window coverings, recently upgraded Tile and Wood Flooring, Fresh Designer Paint, Recess Lighting and charming French Doors to access the backyard. The well-kept Master Bedroom is spotless with ample closet space & updated bath this is just the beginning of quality features offered. Beautifully remodeled the Kitchen is perfect for a large family & entertaining! Attention to detail – you’ll be impressed with the sophisticated back splash tiling & modern Stainless Steel Appliances plus an added center Island, built-in desk and more! The backyard is nothing short of a luscious sanctuary where you will relax in privacy while enjoying sunset views! Enjoy the resort style pool custom designed offering a Water Slide and Two Water Falls. Surrounding the pool, you’ll find a stone wall displaying the tropical landscaping as well as a Built-In BBQ with plenty of room for a lounge/seating area. Experience the Pride of Ownership and make this handsome house your home!
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MARKET HIGHLIGHTS
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
- 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)
- 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)
- 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]
- 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: San Dimas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Dimas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,680 |
| EXPENSES | Loan Payment | -$3,466 |
| Property Tax | -$1,013 | |
| Property Insurance | -$98 | |
| HOA | -$75 | |
| Property Management Fees | -$180 | |
|
CASH FLOW
-$1,152
|
||
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.
$998,000
PROJECTED PRICE
$3,680
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.05% |
| 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
$270,220
LOAN DETAILS
$3,466
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $249,500 |
| Loan Amount | $748,500 |
0.67
YEARS SAVED
$2,570
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,680
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$3,800
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
1544 Greenwich Road San Dimas, CA 3
- 5 beds 3 baths ∙ 2,923 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,923 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $3,680
- $1.26
-
1451 Hunters Trail Trail Glendora, CA 1
- 4 beds 2 baths ∙ 2,907 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,907 Sqft ∙ Built 1988
![property image]()
LEASED 08/15/20- Rent
- Rent Per SQFT
- $3,500
- $1.20
-
792 Calle Carrillo San Dimas, CA 2
- 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1977
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $3,600
- $1.35
-
1408 Paseo Manzana San Dimas, CA 4
- 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 1977
![property image]()
LEASED 10/07/20- Rent
- Rent Per SQFT
- $3,800
- $1.35
PROPERTY LISTING DETAILS
Compass
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21057911
Last Updated: 03/20/2021
