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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1952
- Price/Sqft : $363.88
- 2 Days on Market
- MLS # : CV20260301
- Updated Date : 12/19/2020 at 10:54
CONSTRUCTION
- Beds : 4
- Floor Size : 1,866 sqft
- Baths : 2 full
Listing Agent
Deasy Penner Podley
Listing Agent's Description
Beautiful single story home, offers four bedrooms, two bathrooms, and a family room. The property is immaculate and move-in ready. Much to offer, including wood flooring in much of the house, a spacious master suite, indoor laundry room. Located in a desirable La Verne neighborhood and close to parks, schools, colleges, shopping, freeways and all services.
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Lordsburg
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lordsburg
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,810 |
| EXPENSES | Loan Payment | -$2,505 |
| Property Tax | -$679 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
-$584
|
||
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.
$679,000
PROJECTED PRICE
$2,810
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.05% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$185,685
LOAN DETAILS
$2,505
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $169,750 |
| Loan Amount | $509,250 |
2.17
YEARS SAVED
$12,105
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,810
LIST RENT -
$1.51
LIST RENT PER SQFT
-
$2,883
COMP ESTIMATED VALUE -
$1.55
COMP AVG. RENT PER SQFT
Comps Range
-
1664 Maplewood Street La Verne, CA 2
- 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1952
- Rent
- Rent Per SQFT
- $2,810
- $1.51
-
318 E Gladstone Street San Dimas, CA 1
- 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1962
LEASED 04/05/20- Rent
- Rent Per SQFT
- $2,350
- $1.44
-
2531 2nd Street La Verne, CA 3
- 3 beds 1 baths ∙ 2,062 Sqft ∙ Built 1947 3 beds 1 baths ∙ 2,062 Sqft ∙ Built 1947
LEASED 11/15/20- Rent
- Rent Per SQFT
- $3,150
- $1.53
-
621 N Hatfield Avenue San Dimas, CA 4
- 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1963
LEASED 10/14/19- Rent
- Rent Per SQFT
- $3,175
- $1.49
-
4725 Hale Avenue La Verne, CA 5
- 5 beds 2 baths ∙ 2,152 Sqft ∙ Built 1969 5 beds 2 baths ∙ 2,152 Sqft ∙ Built 1969
LEASED 05/09/20- Rent
- Rent Per SQFT
- $3,700
- $1.72
PROPERTY LISTING DETAILS
Deasy Penner Podley
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20260301
Last Updated: 12/19/2020
