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1830 Tintah Drive Diamond Bar, CA 91765

4 Beds 2 Baths 1,498 sqft Built 1971

$689,900

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $460.55
  • 4 Days on Market
  • MLS # : EV20228034
  • Updated Date : 11/01/2020 at 07:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,498 sqft
  • Baths : 2 full
Listing Agent

Haji Dayala Broker

Listing Agent's Description

Lovely single story Home located on a quiet Cul-de-sac street, this home has 4 bedrooms & 1 3/4 bath, front entry with laminated floor, Living room with fireplace, tile floor in hallway, tile floor in Kitchen & with Dining area, Sliding door looking over the yard,all bedrooms have mirrored closet doors, ceiling fans, Central Air & forced air Heat, Master Bedroom with attached bath room and tile floor, Sliding door in Master bedroom that leads to low maintenance backyard, Individual Laundry room, 2 Car Garage with built in shelves and garage door opener. Property is fenced with block walls around, very low maintenance front and backyard with drip system controlled by automatic timer. Close to schools, shopping, and major freeways. This home is located in Los Angles County with low tax rate yet the benefits of close vicinity to Orange and San Bernardino county. This is what is called Location, Location, and Location!

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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: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Maple Hill Elementary School Primary Regular 523 19 10
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Maple Hill Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 19
10
GreatSchools Rating

Chaparral Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 46
10
GreatSchools Rating

Diamond Bar High School

  • Education Level: High
  • # of students: 3,050
  • # of teachers: 111
9
GreatSchools Rating
 

$620,910$758,890$689,900

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,545
Property Tax -$704
Property Insurance -$63
Property Management Fees -$137
CASH FLOW
-$660

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.

$689,900

PROJECTED PRICE

$2,790

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$188,574

INVESTMENT

$188,574

Down Payment
$172,475
Rehab Estimate
$5,750
Closing Costs
$10,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,545

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,475
Loan Amount $517,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,948

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $1.86

    LIST RENT PER SQFT
  • $2,749

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6953$2,7004$2,7505$2,790
$2,790
RENT COMPS ANALYSIS
  • 1830 Tintah Drive Diamond Bar, CA 5
    • 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.86
    •  
  • 2139 Evergreen Springs Drive Diamond Bar, CA 1
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1963
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.82
    •  
  • 2110 Chestnut Creek Road Diamond Bar, CA 2
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1963
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.78
    •  
  • 21414 Running River Court Diamond Bar, CA 3
    • 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1977
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.74
    •  
  • 1777 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 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.00
    •  
PROPERTY LISTING DETAILS
Haji Dayala
Haji Dayala Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV20228034
Last Updated: 11/01/2020
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