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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $399.20
- 3 Days on Market
- MLS # : CV21017172
- Updated Date : 02/19/2021 at 16:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,505 sqft
- Baths : 3 full
Listing Agent
Re/max 2000 Realty
Listing Agent's Description
Fantastic two story ready to move in home located in prestigious gated community of Regency Hills in Via Verde, San Dimas, it features 4 bedrooms and 3 baths with 1 bedroom and 1 bath downstairs. Open floor plan, cathedral vaulted ceiling in living room & dining area. The newly remodeled kitchen features Travertine flooring, stainless steel appliances, granite countertops, LED recessed lighting, additional breakfast area & opens to the family room with wood flooring & brick fireplace. Downstairs is complete with a desirable bedroom, guest bathroom, laundry room & 3-car attached garage. 2nd level takes you to the oversized master bedroom that boasts high ceilings, sliding glass doors that lead to the viewing balcony & a remodeled master bathroom with contemporary touches. Upstairs offers 2 secondary bedrooms & a full hall bathroom. Accented by a grand covered patio & vast grass area, the serene & entertaining backyard is perfect for hosting guests, relaxing after a long day & enjoying stunning the mountain, valley & city light views. Quick access to the 10/57/71/210/60 freeway, only few minutes away from Frank G Bonelli Park/Lake, Via Verde Country Club and award winning Bonita Unified School District. This spectacular home shows like a model home and will not last, Please hurry!!!
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MARKET HIGHLIGHTS
- 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)
- 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]
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
PRICE & RENT TRENDS
Neighborhood: San Dimas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Dimas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,490 |
| EXPENSES | Loan Payment | -$3,473 |
| Property Tax | -$1,022 | |
| Property Insurance | -$88 | |
| HOA | -$255 | |
| Property Management Fees | -$171 | |
|
CASH FLOW
-$1,519
|
||
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.
$999,999
PROJECTED PRICE
$3,490
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 7.0% |
| 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
$270,750
LOAN DETAILS
$3,473
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $250,000 |
| Loan Amount | $749,999 |
0.17
YEARS SAVED
$92
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,490
LIST RENT -
$1.39
LIST RENT PER SQFT
-
$3,482
COMP ESTIMATED VALUE -
$1.39
COMP AVG. RENT PER SQFT
Comps Range
-
1733 Calle Catalina San Dimas, CA 2
- 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $3,490
- $1.39
-
1431 Calle Linda San Dimas, CA 1
- 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1979
LEASED 02/07/20- Rent
- Rent Per SQFT
- $3,290
- $1.48
-
233 Avenida Melisenda San Dimas, CA 3
- 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 1987
LEASED 01/18/20- Rent
- Rent Per SQFT
- $3,500
- $1.35
-
919 Via Amadeo San Dimas, CA 4
- 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1987
LEASED 09/20/20- Rent
- Rent Per SQFT
- $3,500
- $1.38
-
792 Calle Carrillo San Dimas, CA 5
- 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1977
LEASED 09/01/20- Rent
- Rent Per SQFT
- $3,600
- $1.35
PROPERTY LISTING DETAILS
Re/max 2000 Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21017172
Last Updated: 02/19/2021
