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1571 Greystone Court San Dimas, CA 91773

3 Beds 3 Baths 1,440 sqft Built 1985

$495,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $343.75
  • 6 Days on Market
  • MLS # : CV21058525
  • Updated Date : 03/25/2021 at 22:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Citrus Realty Inc

Listing Agent's Description

This fabulous home is an end unit in a quiet neighborhood, with a private backyard with space for kids and pets to play. Upon entering, you'll see high ceilings which give the floorpan an open, airy feel. The spacious living room features a cozy fireplace perfect for getting comfortable with a good book or watching your favorite movie. French doors lead out to a patio that's ideal for backyard barbecues. All 3 bedrooms are upstairs, and the second upstairs bedroom is a versatile space that can be used as a bedroom or office. The master bedroom features a huge closet with sliding wardrobe doors that runs the length of one wall. The master bath has a shower and tub combo and a separate water closet. The kitchen features granite countertops with stainless steel appliances, and plenty of counter space for whipping up your favorite meal! The dining area is located next to the kitchen, and the laundry area off of the kitchen has plenty of built in storage. The downstairs half bath is located next to the kitchen for your guests' convenience. In addition to the two car garage with direct access into the home, the long driveway provides ample parking space. The HOA features a pool, spa, and grassy common areas. This community is conveniently located near the 57 and 10 freeways, shopping, and schools. Take a look at the {virtual tour,} and schedule a showing to see this wonderful home for yourself!

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)
  • 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)

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
Royal Oak Middle School Middle Regular 720 30 6
Charter Oak High School High Regular 1,735 61 6

Royal Oak Middle School

  • Education Level: Middle
  • # of students: 720
  • # of teachers: 30
6
GreatSchools Rating

Charter Oak High School

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

$445,500$544,500$495,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,719
Property Tax -$506
Property Insurance -$62
HOA -$273
Property Management Fees -$122
CASH FLOW
-$201

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.

$495,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.50%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$17,688

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.72

    LIST RENT PER SQFT
  • $2,606

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4803$2,5504$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 1571 Greystone Court San Dimas, CA 2
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.72
    •  
  • 1729 Sunflower Avenue Glendora, CA 1
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1996
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.68
    •  
  • 1735 Sunflower Avenue Glendora, CA 3
    • 4 beds 3 baths ∙ 1,500 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,500 Sqft ∙ Built 1996
    LEASED 02/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.70
    •  
  • 1157 Coventry Court San Dimas, CA 4
    • 3 beds 1 baths ∙ 1,346 Sqft ∙ Built 1976 3 beds 1 baths ∙ 1,346 Sqft ∙ Built 1976
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.93
    •  
  • 990 Prescott Avenue San Dimas, CA 5
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1977
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.93
    •  
PROPERTY LISTING DETAILS
Sharyn Jung
Century 21 Citrus Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21058525
Last Updated: 03/25/2021
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