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18337 Renault Street La Puente, CA 91744

3 Beds 2 Baths 1,118 sqft Built 1960

$500,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $447.23
  • 5 Days on Market
  • MLS # : CV21008226
  • Updated Date : 01/15/2021 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,118 sqft
  • Baths : 2 full
Listing Agent

Integrity Homes And Loans

Listing Agent's Description

Beautiful home, great location, it will sell FAST!!! Open floor-plan. Newer kitchen counter-tops and cabinets with stainless steel appliances, new laminate floors, new paint, etc. Check out the nicely manicured and peaceful backyard with a covered patio and fruit trees. All three bedrooms are spacious. This home is close to schools, parks, shopping and just 5 minutes from fwy 60, 10 minutes from fwy 10 and 57.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: South San Jose Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $132k622k

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

Neighborhood: South San Jose Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13252941

* 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
Yorbita Elementary School Primary Regular 539 24 4
Yorbita Elementary School Middle Regular 539 24 4
Nogales High School High Regular 1,959 84 5

Yorbita Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 24
4
GreatSchools Rating

Yorbita Elementary School

  • Education Level: Middle
  • # of students: 539
  • # of teachers: 24
4
GreatSchools Rating

Nogales High School

  • Education Level: High
  • # of students: 1,959
  • # of teachers: 84
5
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,737
Property Tax -$547
Property Insurance -$54
Property Management Fees -$116
CASH FLOW
-$84

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.

$500,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.47%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$30,467

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $2,116

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3703$2,3954$2,4905$2,500
$2,500
RENT COMPS ANALYSIS
  • 18337 Renault Street La Puente, CA 2
    • 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $2.12
    •  
  • 2020 Sarah Court West Covina, CA 1
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1977
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.91
    •  
  • 2329 E Regina Street West Covina, CA 3
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1977
    property image
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.95
    •  
  • 2737 Tory Street West Covina, CA 4
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1976
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.89
    •  
  • 1905 Yvonne Street West Covina, CA 5
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1977
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.82
    •  
PROPERTY LISTING DETAILS
Irving Lopez
Integrity Homes And Loans
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21008226
Last Updated: 01/15/2021
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