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19511 Windrose Drive Rowland Heights, CA 91748

4 Beds 3 Baths 2,453 sqft Built 1985

$780,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $317.98
  • 66 Days on Market
  • MLS # : WS20195397
  • Updated Date : 11/21/2020 at 05:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,453 sqft
  • Baths : 3 full
Listing Agent

Pinnacle Real Estate Group

Listing Agent's Description

No showing available yet, please do not disturb occupants.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Shelyn Elementary School Primary Regular 437 21 7
Alvarado Intermediate School Middle Regular 750 30 7
John A. Rowland High School High Regular 2,329 87 8

Shelyn Elementary School

  • Education Level: Primary
  • # of students: 437
  • # of teachers: 21
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
 

$702,000$858,000$780,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$2,878
Property Tax -$788
Property Insurance -$86
Property Management Fees -$152
CASH FLOW
-$804

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.

$780,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,626

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $3,079

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$3,1004$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 19511 Windrose Drive Rowland Heights, CA 3
    • 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.26
    •  
  • 2468 Joel Drive Rowland Heights, CA 1
    • 3 beds 2 baths ∙ 2,273 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,273 Sqft ∙ Built 1988
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.28
    •  
  • 19329 Windrose Drive Rowland Heights, CA 2
    • 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 1985
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.18
    •  
  • 19641 Vega Way Rowland Heights, CA 4
    • 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 1986
    LEASED 12/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.30
    •  
  • 20122 Corrinne Lane Rowland Heights, CA 5
    • 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1988
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.26
    •  
PROPERTY LISTING DETAILS
Bao Liu
Pinnacle Real Estate Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20195397
Last Updated: 11/21/2020
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