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1710 Kiowa Crest Drive Diamond Bar, CA 91765

4 Beds 3 Baths 2,170 sqft Built 1971

$860,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $396.31
  • 2 Days on Market
  • MLS # : IG20252176
  • Updated Date : 12/05/2020 at 14:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,170 sqft
  • Baths : 3 full
Listing Agent

Carrie Real Estate

Listing Agent's Description

Great neighborhood in the heart of Diamond Bar. Located in the award winning * Walnut Valley Unified School District *. Centrally located to schools, parks, shopping and freeways. This 4 bedroom one story cozy and amazing house with over $70k worth of upgrades. New floorings, energy efficient windows, new blinds, new doors, renovated kitchen, updated all 3 bathrooms, new attic insulation, and roof repaired etc. Two Bedroom Suites (with their own bathroom) and two regular bedrooms. Formal dining room with fireplace and spacious living room and family room. EV plug set in garage, can be charged for Tesla & Electric Vehicles.

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: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Maple Hill Elementary School Primary Regular 523 19 10
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Maple Hill Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 19
10
GreatSchools Rating

Chaparral Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 46
10
GreatSchools Rating

Diamond Bar High School

  • Education Level: High
  • # of students: 3,050
  • # of teachers: 111
9
GreatSchools Rating
 

$774,000$946,000$860,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$3,173
Property Tax -$878
Property Insurance -$79
Property Management Fees -$155
CASH FLOW
-$1,116

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.

$860,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$233,650

INVESTMENT

$233,650

Down Payment
$215,000
Rehab Estimate
$5,750
Closing Costs
$12,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $215,000
Loan Amount $645,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $3,157

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0003$3,1704$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1710 Kiowa Crest Drive Diamond Bar, CA 3
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.46
    •  
  • 22412 Falconburn Way Diamond Bar, CA 1
    • 4 beds 3 baths ∙ 2,083 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,083 Sqft ∙ Built 1979
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.34
    •  
  • 1637 Aspen Grove Lane Diamond Bar, CA 2
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 1968
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.35
    •  
  • 1755 Ano Nuevo Drive Diamond Bar, CA 4
    • 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 1973
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.59
    •  
  • 21841 S Paint Brush Lane Diamond Bar, CA 5
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1978
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.54
    •  
PROPERTY LISTING DETAILS
Yi Shen Liu
Carrie Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20252176
Last Updated: 12/05/2020
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