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1781 Mirador Drive Azusa, CA 91702

3 Beds 3 Baths 1,699 sqft Built 1995

$659,500

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $388.17
  • 3 Days on Market
  • MLS # : CV21004305
  • Updated Date : 01/08/2021 at 21:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,699 sqft
  • Baths : 3 full
Listing Agent

Oasis International Realty

Listing Agent's Description

An incredibly unique opportunity to own this beautiful 2 story home with 3 bedrooms 2.5 baths that provides the peace and quiet we all need these days. Interior completely renovated within the last 5 years with top quality materials. New kitchen cabinets with self-closing doors & drawers, Quartz Countertop, New stainless steel appliances, high quality Engineered flooring throughout. All bathrooms remodeled with new cabinets, self- closing doors and Quartz counters. Spacious Master bedroom with walk-in closet, crown molding, recessed led lights and view of the Mountains. Cozy Backyard with artificial turf ready for summer enjoyments. Near Crystal Lake, recreational areas and hiking trails.

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: 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
Henry Dalton Elementary School Primary Regular 307 12 4
Slauson Middle School Middle Regular 782 33 3
Azusa High School High Regular 1,393 65 5

Henry Dalton Elementary School

  • Education Level: Primary
  • # of students: 307
  • # of teachers: 12
4
GreatSchools Rating

Slauson Middle School

  • Education Level: Middle
  • # of students: 782
  • # of teachers: 33
3
GreatSchools Rating

Azusa High School

  • Education Level: High
  • # of students: 1,393
  • # of teachers: 65
5
GreatSchools Rating
 

$593,550$725,450$659,500

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,291
Property Tax -$660
Property Insurance -$68
HOA -$94
Property Management Fees -$135
CASH FLOW
-$488

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.

$659,500

PROJECTED PRICE

$2,760

PROJECTED RENT

0.42%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$180,518

INVESTMENT

$180,518

Down Payment
$164,875
Rehab Estimate
$5,750
Closing Costs
$9,893

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,291

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,875
Loan Amount $494,625
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$11,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $2,765

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7503$2,7604$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 1781 Mirador Drive Azusa, CA 3
    • 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.62
    •  
  • 1884 Forest Drive Azusa, CA 1
    • 3 beds 3 baths ∙ 1,358 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,358 Sqft ∙ Built 1988
    property image
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.80
    •  
  • 978 N. Sweetbriar Ln #b Azusa, CA 2
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2013
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.56
    •  
  • 1789 Canyon Vista Drive Azusa, CA 4
    • 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1999
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.66
    •  
  • 1770 Canyon Vista Drive Azusa, CA 5
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1999
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.49
    •  
PROPERTY LISTING DETAILS
Raul Cuesta
Oasis International Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21004305
Last Updated: 01/08/2021
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