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1756 Autumnglow Drive Diamond Bar, CA 91765

3 Beds 2 Baths 1,260 sqft Built 1977

$750,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $595.24
  • 5 Days on Market
  • MLS # : RS21035602
  • Updated Date : 02/25/2021 at 05:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,260 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Pacific Estates Cerritos

Listing Agent's Description

***Location **Location*** Location** This beautifully kept family home features 3 bedrooms and 2 baths in the esteemed city of Diamond Bar. New flooring throughout the house. Master has en suite bathroom. There is a separate office area as well. Back and front yards are beautifully landscaped and on autopilot. Nearby schools include Diamond Bar High School, South Pointe Middle School and Evergreen Elementary School that are all within the prestigious Walnut Valley School District. Located close to a variety of eateries and restaurants, as well as parks and trails for walking and enjoying views. This home has an amazing panoramic 180 Degree view of the beautiful rolling hills and city lights from both the front and back yards. Houses rarely come on the market in this area of DB. First time hitting the market in 40 years. FOR VIRTUAL TOUR, CLICK THE ICON BELOW THE LOCATION INDICATOR. REFER TO THE LAST PICTURE FOR HELP.

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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)

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
Evergreen Elementary School Primary Regular 579 23 8
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Evergreen Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 23
8
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
 

$675,000$825,000$750,000

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 -$2,605
Property Tax -$766
Property Insurance -$58
Property Management Fees -$122
CASH FLOW
-$1,070

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.

$750,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.33%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$160

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
  • $1.97

    LIST RENT PER SQFT
  • $2,485

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,6003$2,7004$2,7505$2,750
$2,750
RENT COMPS ANALYSIS
  • 1756 Autumnglow Drive Diamond Bar, CA 1
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.97
    •  
  • 1814 Los Cerros Drive Diamond Bar, CA 2
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1977
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.87
    •  
  • 21304 Bella Pine Drive Diamond Bar, CA 3
    • 3 beds 3 baths ∙ 1,338 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,338 Sqft ∙ Built 1977
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.02
    •  
  • 1791 Morning Canyon Road Diamond Bar, CA 4
    • 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 1978
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.00
    •  
  • 1777 Morning Canyon Road Diamond Bar, CA 5
    • 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 1978
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.00
    •  
PROPERTY LISTING DETAILS
Giovanni Sasso
Keller Williams Pacific Estates Cerritos
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: RS21035602
Last Updated: 02/25/2021
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