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1550 Greenwich Rd San Dimas, CA 91773

4 Beds 3 Baths 2,085 sqft Built 1995

$778,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $373.14
  • 9 Days on Market
  • MLS # : CV20234761
  • Updated Date : 11/12/2020 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,085 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Citrus Realty Inc

Listing Agent's Description

**Are you looking for a place to call HOME?** Look no further...Welcome to 1550 Greenwich Rd. This home is located in the sought after community of Rancho Park Estates! As you pull into the oversized brick paved drive-way with RV parking & 3-car attached garage, you will be greeted by the nicely landscaped front yard. This beautiful 2-story home offers cathedral ceilings, 4 bedrooms, 2 1/2 bathrooms, formal living room with adjoining formal dining room, bright eat-in kitchen with new stainless steel appliances that opens up to the inviting family room with large fireplace. Outside you will find a picturesque backyard with a gazebo perfect for dining al fresco. There is a large green space for gardening as well as fruit trees such as guava, loquat, lemon and red date. The home is located in a quiet family-friendly community with many conveniences such close to shopping, 210/10/57 freeways, Bonelli Park, Puddingstone Lake and walking distance to nature trails such as Antonovich Hiking Trail. Come see it today! This is the home you have been waiting for!!

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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: San Dimas

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: San Dimas

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15463697

* 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
Glen Oak Elementary School Primary Regular 449 19 6
Glen Oak Elementary School Middle Regular 449 19 6
Charter Oak High School High Regular 1,735 61 6

Glen Oak Elementary School

  • Education Level: Primary
  • # of students: 449
  • # of teachers: 19
6
GreatSchools Rating

Glen Oak Elementary School

  • Education Level: Middle
  • # of students: 449
  • # of teachers: 19
6
GreatSchools Rating

Charter Oak High School

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

$700,200$855,800$778,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,870
Property Tax -$790
Property Insurance -$77
HOA -$75
Property Management Fees -$144
CASH FLOW
-$1,026

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.

$778,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$211,920

INVESTMENT

$211,920

Down Payment
$194,500
Rehab Estimate
$5,750
Closing Costs
$11,670

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,870

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,500
Loan Amount $583,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $2,976

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,9303$3,0004$3,2905$3,300
$3,300
RENT COMPS ANALYSIS
  • 1550 Greenwich Rd San Dimas, CA 2
    • 4 beds 3 baths ∙ 2,085 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,085 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.41
    •  
  • 1465 Bentley Court San Dimas, CA 1
    • 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 1979
    LEASED 08/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.36
    •  
  • 1341 S Candish Avenue Glendora, CA 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1988
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.41
    •  
  • 1431 Calle Linda San Dimas, CA 4
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1979
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.48
    •  
  • 1315 Paseo Corrido San Dimas, CA 5
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1976
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.46
    •  
PROPERTY LISTING DETAILS
Yvette Hernandez
Century 21 Citrus Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20234761
Last Updated: 11/12/2020
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