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16838 Fern Creek Drive La Puente, CA 91744

4 Beds 1 Baths 1,730 sqft Built 1979

$739,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $427.17
  • 7 Days on Market
  • MLS # : PW21020987
  • Updated Date : 02/03/2021 at 12:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,730 sqft
  • Baths : 1 full
Listing Agent

Ontrak Real Estate

Listing Agent's Description

NICE REMODELED HOME LOCATED UP ON A HILL WITH AWESOME VIEW NICE REMODELED KITCHEN WITH OPEN FLOOR PLAN INTO A HIGH CEILING FAMILY ROOM WITH A FIRE PLACE COSTUM CABINETES LAMINATED SPECIAL FLOORING STAINLESS STOVE AND MICRO DEEP STAILESS KITCHEN ZINC LARGE BEDROOMS ITH RE-SET LIGHTINING BEAUTIFUL BLINDS AND MUCH MORE OVERSIZE 2 CAR GARAGE NEW WATER HEATER COVERED PATIO TILE ROOF NICE NICE LOCATION NEAR INDUSTRY HILLS GOLF COURSE EASY ACCES TO FREEWAY.

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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: La Puente

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $141k622k

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

Neighborhood: La Puente

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13152941

* 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
Giano Intermediate School Middle Regular 688 30 2
Nogales High School High Regular 1,959 84 5

Giano Intermediate School

  • Education Level: Middle
  • # of students: 688
  • # of teachers: 30
2
GreatSchools Rating

Nogales High School

  • Education Level: High
  • # of students: 1,959
  • # of teachers: 84
5
GreatSchools Rating
 

$665,100$812,900$739,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,567
Property Tax -$795
Property Insurance -$69
Property Management Fees -$122
CASH FLOW
-$1,072

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.

$739,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
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-$15k-$10k-$5.0k$0.0$5.0k

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$201,585

INVESTMENT

$201,585

Down Payment
$184,750
Rehab Estimate
$5,750
Closing Costs
$11,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,567

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,750
Loan Amount $554,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $2,625

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,4003$2,4804$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 16838 Fern Creek Drive La Puente, CA 3
    • 4 beds 1 baths ∙ 1,730 Sqft ∙ Built 1979 4 beds 1 baths ∙ 1,730 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.43
    •  
  • 129 Cimarron Street La Puente, CA 1
    • 3 beds 3 baths ∙ 1,383 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,383 Sqft ∙ Built 1989
    property image
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.37
    •  
  • 129 Buckeye Street La Puente, CA 2
    • 4 beds 3 baths ∙ 1,663 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,663 Sqft ∙ Built 1989
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.44
    •  
  • 16555 Flower Glen Dr. Hacienda Heights, CA 4
    • 4 beds 2 baths ∙ 1,574 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,574 Sqft ∙ Built 1971
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.65
    •  
  • 1540 Lark Tree Way Hacienda Heights, CA 5
    • 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 1969
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.61
    •  
PROPERTY LISTING DETAILS
Carlos Maldonado
Ontrak Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21020987
Last Updated: 02/03/2021
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