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16270 Rushford Street Whittier, CA 90603

4 Beds 2 Baths 1,590 sqft Built 1960

$665,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1960
  • Price/Sqft : $418.24
  • 9 Days on Market
  • MLS # : PW20226513
  • Updated Date : 10/31/2020 at 17:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,590 sqft
  • Baths : 2 full
Listing Agent

T.n.g. Real Estate Consultants

Listing Agent's Description

This Home is Priced to Sell. This Gem Is Situated On A Corner Lot In A Highly Sought After Whittier Neighborhood. With a Newly Built Kitchen Complimented With Quartz Countertops, New Cabinets, And Enough Room To Make A Cooks Dream Come True. This Corner Lot Accommodates A Large Living Area, 4 spacious Bedrooms, New Plex Plumbing Throughout, Solar Panels, Swimming Pool, Central Air, Wood Burning Fireplace, Open Floor Plan, With A Backyard Ready to Entertain. This Home Is a Must See!

SEE MORE

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: Whittier

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $178k622k

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

Neighborhood: Whittier

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14492941

* 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
Jordan Elementary School Primary Regular 407 15 7
Rancho-starbuck Intermediate School Middle Regular 774 28 8
La Habra High School High Magnet 2,230 73 7

Jordan Elementary School

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 15
7
GreatSchools Rating

Rancho-starbuck Intermediate School

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 28
8
GreatSchools Rating

La Habra High School

  • Education Level: High
  • # of students: 2,230
  • # of teachers: 73
7
GreatSchools Rating
 

$598,500$731,500$665,000

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 -$2,454
Property Tax -$643
Property Insurance -$66
Property Management Fees -$144
CASH FLOW
-$376

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.

$665,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,454

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $166,250
Loan Amount $498,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$25,642

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
  • $1.84

    LIST RENT PER SQFT
  • $2,898

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9003$2,9304$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 16270 Rushford Street Whittier, CA 3
    • 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.84
    •  
  • 430 Kinley Street La Habra, CA 1
    • 3 beds 1 baths ∙ 1,757 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,757 Sqft ∙ Built 1962
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.62
    •  
  • 10847 Lindesmith Avenue Whittier, CA 2
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1955
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.75
    •  
  • 10451 Portada Drive Whittier, CA 4
    • 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1955
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
  • 11711 Grovedale Drive Whittier, CA 5
    • 4 beds 2 baths ∙ 1,677 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,677 Sqft ∙ Built 1960
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.97
    •  
PROPERTY LISTING DETAILS
Steven Apodaca
T.n.g. Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20226513
Last Updated: 10/31/2020
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