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19042 Companario Drive Rowland Heights, CA 91748

4 Beds 2 Baths 1,612 sqft Built 1965

$648,888

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $402.54
  • 10 Days on Market
  • MLS # : MB20229279
  • Updated Date : 11/07/2020 at 16:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Century 21 Realty Masters

Listing Agent's Description

Clean two story home situated on a quiet cul-de-sac in a highly desirable pocket of Rowland Heights. Features a large den area/bedroom, spacious kitchen which over looks the living room, and sparkling POOL and a cozy fireplace in the living room. Upstairs you will find 3 spacious bedrooms with a full bathroom. There is a downstairs bedroom with 3/4 bathroom perfect for extended family. This home also features ample attic space, a low maintenance backyard, 2 car attached garage. Walking distance to markets, dining, banks, golf range and convenient freeway access. This house is waiting for your personal touches to turn it into the home of your dreams.

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: 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
Killian Elementary School Primary Regular 629 26 7
Alvarado Intermediate School Middle Regular 750 30 7
John A. Rowland High School High Regular 2,329 87 8

Killian Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 26
7
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
 

$583,999$713,777$648,888

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,394
Property Tax -$673
Property Insurance -$66
Property Management Fees -$134
CASH FLOW
-$527

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.

$648,888

PROJECTED PRICE

$2,740

PROJECTED RENT

0.42%

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$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,705

INVESTMENT

$177,705

Down Payment
$162,222
Rehab Estimate
$5,750
Closing Costs
$9,733

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,394

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,222
Loan Amount $486,666
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$13,308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $2,736

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5504$2,7405$2,750
$2,750
RENT COMPS ANALYSIS
  • 19042 Companario Drive Rowland Heights, CA 4
    • 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.70
    •  
  • 19352 Pilario Street Rowland Heights, CA 1
    • 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.74
    •  
  • 19048 Abdera Street Rowland Heights, CA 2
    • 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 1964
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.56
    •  
  • 1829 Nausika Avenue Rowland Heights, CA 3
    • 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1976
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.77
    •  
  • 1414 Heatherton Avenue Rowland Heights, CA 5
    • 4 beds 3 baths ∙ 1,598 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,598 Sqft ∙ Built 1977
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.72
    •  
PROPERTY LISTING DETAILS
Felipe Acuna
Century 21 Realty Masters
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: MB20229279
Last Updated: 11/07/2020
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