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17802 E Woodcroft Street Azusa, CA 91702

4 Beds 2 Baths 1,564 sqft Built 1954

$609,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $389.39
  • 3 Days on Market
  • MLS # : IN21014488
  • Updated Date : 01/22/2021 at 14:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,564 sqft
  • Baths : 2 full
Listing Agent

Strategic Realty Inc.

Listing Agent's Description

Fantastic 4 bedroom home with a great backyard for entertaining and play! Don't miss out on this gem, featuring 4 bedrooms and 2 baths, kitchen with granite counters, living room with brick fireplace, and a backyard with a pool and a 2 car garage with plenty of room for parking and storage. Conveniently located just a short drive to the freeway, great restaurants and shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Azusa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $150k622k

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

Neighborhood: Azusa

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13812941

* 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
Clifford Murray Elementary School Primary Regular 486 22 5
Center Middle School Middle Regular 567 28 4
Gladstone High School High Regular 1,217 55 6

Clifford Murray Elementary School

  • Education Level: Primary
  • # of students: 486
  • # of teachers: 22
5
GreatSchools Rating

Center Middle School

  • Education Level: Middle
  • # of students: 567
  • # of teachers: 28
4
GreatSchools Rating

Gladstone High School

  • Education Level: High
  • # of students: 1,217
  • # of teachers: 55
6
GreatSchools Rating
 

$548,100$669,900$609,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,115
Property Tax -$686
Property Insurance -$65
Property Management Fees -$131
CASH FLOW
-$327

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.

$609,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.6%
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-$5.0k$0.0$5.0k$10k$15k$20k

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$167,135

INVESTMENT

$167,135

Down Payment
$152,250
Rehab Estimate
$5,750
Closing Costs
$9,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,115

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,250
Loan Amount $456,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$18,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.71

    LIST RENT PER SQFT
  • $2,776

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,6004$2,6705$2,800
$2,800
RENT COMPS ANALYSIS
  • 17802 E Woodcroft Street Azusa, CA 4
    • 4 beds 2 baths ∙ 1,564 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,564 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.71
    •  
  • 828 W Cypress Street Covina, CA 1
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1951
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.62
    •  
  • 645 W Alcross Street Covina, CA 2
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1954
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.74
    •  
  • 1267 N Albertson Avenue Covina, CA 3
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1955
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.83
    •  
  • 5921 Cedarglen Drive Azusa, CA 5
    • 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1955
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.91
    •  
PROPERTY LISTING DETAILS
Jack Stephan
Strategic Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IN21014488
Last Updated: 01/22/2021
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