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18092 Mescal Street Rowland Heights, CA 91748

4 Beds 2 Baths 2,050 sqft Built 1962

$675,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $329.27
  • 7 Days on Market
  • MLS # : WS20228096
  • Updated Date : 10/29/2020 at 21:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,050 sqft
  • Baths : 2 full
Listing Agent

Pinnacle Real Estate Group

Listing Agent's Description

The beautiful single story home with an extra-large lot (8381sf) is located at very convenient and also quiet location of Rowland Heights. Large space in living room, formal dining room and master bedroom. Very private backyard is partially covered by patio on the side of sparkling pool/spa. Two-car spaces garage is attached. Close to schools, markets, restaurants, bank, shopping centers and Chinese supermarket. This home will be sold soon as it is centrally located with easy access to Los Angeles and Orange counties.

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: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650kPrice in $187k690k

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

Neighborhood: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001700180019002000210022002300240025002600270028002900Rent in $15582941

* 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
Rowland Elementary School Primary Regular 528 22 3
Alvarado Intermediate School Middle Regular 750 30 7
John A. Rowland High School High Regular 2,329 87 8

Rowland Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 22
3
GreatSchools Rating

Alvarado Intermediate School

  • Education Level: Middle
  • # of students: 750
  • # of teachers: 30
7
GreatSchools Rating

John A. Rowland High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 87
8
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,490
Property Tax -$716
Property Insurance -$77
Property Management Fees -$136
CASH FLOW
-$639

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.

$675,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $3,008

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,7503$2,7804$2,9905$3,200
$3,200
RENT COMPS ANALYSIS
  • 18092 Mescal Street Rowland Heights, CA 3
    • 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $1.36
    •  
  • 2215 Ravenfall Avenue Rowland Heights, CA 1
    • 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 1968
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.46
    •  
  • 1856 Via Entrada Rowland Heights, CA 2
    • 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 1980
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.43
    •  
  • 1814 Erika Court Rowland Heights, CA 4
    • 3 beds 3 baths ∙ 2,086 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,086 Sqft ∙ Built 1982
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.43
    •  
  • 18237 Aguiro Street Rowland Heights, CA 5
    • 5 beds 3 baths ∙ 2,062 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,062 Sqft ∙ Built 1980
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.55
    •  
PROPERTY LISTING DETAILS
Guanyu Chen
Pinnacle Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20228096
Last Updated: 10/29/2020
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