Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16600 Pocono Street La Puente, CA 91744

3 Beds 2 Baths 1,146 sqft Built 1956

$540,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $471.20
  • 2 Days on Market
  • MLS # : CV20256449
  • Updated Date : 12/12/2020 at 15:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,146 sqft
  • Baths : 2 full
Listing Agent

Homequest Real Estate

Listing Agent's Description

Great location property in the boundary of Valinda, West Covina, and City of Industry. This home is conveniently located near transportation, markets, and restaurants. This property will require some renovation. Please call agent for more information.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Valinda

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k622k

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

Neighborhood: Valinda

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13962941

* 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
Grandview College Preparatory Academy Primary Unknown 596 25 NA
Grandview College Preparatory Academy Middle Unknown 596 25 NA
William Workman High School High Regular 1,165 50 5

Grandview College Preparatory Academy

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 25
NA
GreatSchools Rating

Grandview College Preparatory Academy

  • Education Level: Middle
  • # of students: 596
  • # of teachers: 25
NA
GreatSchools Rating

William Workman High School

  • Education Level: High
  • # of students: 1,165
  • # of teachers: 50
5
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,992
Property Tax -$574
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$690

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$540,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.77

    LIST RENT PER SQFT
  • $2,043

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0304$2,0505$2,450
$2,450
RENT COMPS ANALYSIS
  • 16600 Pocono Street La Puente, CA 3
    • 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.77
    •  
  • 1310 Peppertree Circle West Covina, CA 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1972
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.74
    •  
  • 15766 Cadwell Street La Puente, CA 2
    • 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1955
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.90
    •  
  • 1322 E Fairgrove Avenue West Covina, CA 4
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1973
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.64
    •  
  • 1850 S Summerplace Drive West Covina, CA 5
    • 4 beds 3 baths ∙ 1,324 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,324 Sqft ∙ Built 1974
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.85
    •  
PROPERTY LISTING DETAILS
Lady Lourdes Deguzman
Homequest Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20256449
Last Updated: 12/12/2020
BESbswy