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

18 Canyon Rim Road Phillips Ranch, CA 91766

4 Beds 2 Baths 1,938 sqft Built 1980

$688,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $355.01
  • 5 Days on Market
  • MLS # : TR21011518
  • Updated Date : 01/20/2021 at 20:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,938 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Home Services

Listing Agent's Description

A NICE HOME IN PHILLIPS RANCH, LOCATED IN A QUIET NEIGHBORHOOD, 4 BEDROOMS UPSTAIRS & 2.75 BATHROOMS, MARBLE FLOOR IN ENTRY & BATHROOMS, CATHEDRAL CEILING IN MASTER BEDROOM, HUGE MASTER BATHROOM, BONUS ROOM, POOL, SPA AND MANY FRUIT TREES IN BACK YARD.

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: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12562941

* 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
Westmont Elementary School Primary Regular 382 14 4
Lorbeer Middle School Middle Regular 754 29 6
Diamond Ranch High School High Regular 1,791 70 7

Westmont Elementary School

  • Education Level: Primary
  • # of students: 382
  • # of teachers: 14
4
GreatSchools Rating

Lorbeer Middle School

  • Education Level: Middle
  • # of students: 754
  • # of teachers: 29
6
GreatSchools Rating

Diamond Ranch High School

  • Education Level: High
  • # of students: 1,791
  • # of teachers: 70
7
GreatSchools Rating
 

$619,200$756,800$688,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,390
Property Tax -$758
Property Insurance -$74
Property Management Fees -$116
CASH FLOW
-$978

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.

$688,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
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-$15k-$10k-$5.0k$0.0$5.0k

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$188,070

INVESTMENT

$188,070

Down Payment
$172,000
Rehab Estimate
$5,750
Closing Costs
$10,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,390

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,000
Loan Amount $516,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$156

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,573

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,360
1$2,3602$2,3903$2,5004$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 18 Canyon Rim Road Phillips Ranch, CA 1
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.22
    •  
  • 25 Edgebrook Drive Phillips Ranch, CA 2
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 1981
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.38
    •  
  • 57 Hunter Point Rd Phillips Ranch, CA 3
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1981
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.21
    •  
  • 10 Falcon Ridge Drive Phillips Ranch, CA 4
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1985
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 1107 Moonlight Summit Dr Diamond Bar, CA 5
    • 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 1968
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.39
    •  
PROPERTY LISTING DETAILS
Chienpang Tsai
Berkshire Hathaway Home Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21011518
Last Updated: 01/20/2021
BESbswy