Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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.
SEE MORE
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Diamond Bar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,500
LOAN DETAILS
$2,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
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
-
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
Keller Williams Pacific Estates Cerritos
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: RS21035602
Last Updated: 02/25/2021
