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1606 Kiowa Crest Drive Diamond Bar, CA 91765

4 Beds 2 Baths 2,007 sqft Built 1981

$848,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $422.52
  • 2 Days on Market
  • MLS # : TR21047121
  • Updated Date : 03/06/2021 at 17:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,007 sqft
  • Baths : 2 full
Listing Agent

A + Realty & Mortgage

Listing Agent's Description

Cozy one level story 4 bedrooms and 1.75 Baths in a quiet neighborhood. The property is located in the Award Winning School - Walnut Valley School District. Especially, the Maple Hill Elementary is a distinguished Golden Ribbon School. The property has a open floor plan, high ceiling with the laminated floor throughout. The kitchen was remodeled with the wooden cabinets, pantries and granite counter top in 2016. The exterior was painted in December, 2020. The stone veneer fireplace presents the pleasant and cozy environment in the family room. There is a walk-in closet in the master bedroom. Adorable curb appeal brings a warm welcome. Come and take a look. It won't be last long.

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)
  • 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]
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Maple Hill Elementary School Primary Regular 523 19 10
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Maple Hill Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 19
10
GreatSchools Rating

Chaparral Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 46
10
GreatSchools Rating

Diamond Bar High School

  • Education Level: High
  • # of students: 3,050
  • # of teachers: 111
9
GreatSchools Rating
 

$763,200$932,800$848,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,945
Property Tax -$860
Property Insurance -$76
Property Management Fees -$158
CASH FLOW
-$819

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.

$848,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
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$15k$20k

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$230,470

INVESTMENT

$230,470

Down Payment
$212,000
Rehab Estimate
$5,750
Closing Costs
$12,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,000
Loan Amount $636,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,815

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $3,216

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,2004$3,2005$3,220
$3,220
RENT COMPS ANALYSIS
  • 1606 Kiowa Crest Drive Diamond Bar, CA 5
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $1.60
    •  
  • 22448 Mountain Laurel Way Diamond Bar, CA 1
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1968
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.59
    •  
  • 21950 Birds Eye Drive Diamond Bar, CA 2
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1981
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.54
    •  
  • 1755 Ano Nuevo Drive Diamond Bar, CA 3
    • 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 1973
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.59
    •  
  • 1655 Maple Hill Road Diamond Bar, CA 4
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1968
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.69
    •  
PROPERTY LISTING DETAILS
Fay Lai
A + Realty & Mortgage
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21047121
Last Updated: 03/06/2021
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