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16710 Damrel Drive La Puente, CA 91744

4 Beds 2 Baths 1,740 sqft Built 1961

$699,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $401.72
  • 3 Days on Market
  • MLS # : TR21021534
  • Updated Date : 02/06/2021 at 05:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,740 sqft
  • Baths : 2 full
Listing Agent

Mcsen Realty

Listing Agent's Description

Cozy Cul-De-Sac single family house in the desirable Valinda neighborhood of La Puente with swimming pool. House features 4 bedrooms and 2 bathroom with living area of 1,740 SF. Kitchen features large granite counter top island, tons of cabinets for storage. Lot of natural lights and open floor design on kitchen and living room. Backyard has large patio and and swimming pool. Walking distance to park, close distance to supermarket and shops. Home property is well kept up, move in ready.

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: 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
Wing Lane Elementary School Primary Regular 317 13 4
William Workman High School High Regular 1,165 50 5

Wing Lane Elementary School

  • Education Level: Primary
  • # of students: 317
  • # of teachers: 13
4
GreatSchools Rating

William Workman High School

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

$629,100$768,900$699,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,428
Property Tax -$743
Property Insurance -$69
Property Management Fees -$141
CASH FLOW
-$501

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.

$699,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $2,867

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5953$2,6004$2,8805$3,000
$3,000
RENT COMPS ANALYSIS
  • 16710 Damrel Drive La Puente, CA 4
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.66
    •  
  • 412 Rimgrove Drive La Puente, CA 1
    • 4 beds 2 baths ∙ 1,420 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,420 Sqft ∙ Built 1956
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.73
    •  
  • 1709 E Almanac Drive West Covina, CA 2
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1960
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.61
    •  
  • 15749 Lawnwood Street La Puente, CA 3
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1954
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.65
    •  
  • 3100 Julie Court West Covina, CA 5
    • 4 beds 3 baths ∙ 1,871 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,871 Sqft ∙ Built 1976
    LEASED 08/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.60
    •  
PROPERTY LISTING DETAILS
Lan Liu
Mcsen Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21021534
Last Updated: 02/06/2021
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