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20122 Tillman Avenue Carson, CA 90746

4 Beds 3 Baths 1,612 sqft Built 1970

$725,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $449.75
  • 2 Days on Market
  • MLS # : IN21053225
  • Updated Date : 03/13/2021 at 15:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,612 sqft
  • Baths : 3 full
Listing Agent

New Canaan Realty

Listing Agent's Description

The hone features secure entry, into a charming living room with fireplace. There is a formal dining room, and family room. Spacious primary bedroom with walk in closet and private bath. Three additional bedrooms and 2 common baths rooms. Home has dual pane windows, central air and heat, recessed lighting, custom flooring. Elegant kitchen has customs cabinets. There is a 2 car attached garage with direct access to home.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • 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]
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Carson

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $174k622k

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

Neighborhood: North Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000Rent in $14553104

* 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
Glenn Hammond Curtiss Middle School Middle Regular 581 30 5
Glenn Hammond Curtiss Middle School Middle Unknown NA

Glenn Hammond Curtiss Middle School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 30
5
GreatSchools Rating

Glenn Hammond Curtiss Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,518
Property Tax -$815
Property Insurance -$66
Property Management Fees -$150
CASH FLOW
-$480

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.

$725,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 7.4%
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-$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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$15,888

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $1.9

    LIST RENT PER SQFT
  • $3,057

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0703$3,3954$3,500
$3,500
RENT COMPS ANALYSIS
  • 20122 Tillman Avenue Carson, CA 2
    • 4 beds 3 baths ∙ 1,612 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,612 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $1.90
    •  
  • 812 E Meadbrook Street Carson, CA 1
    • 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 1968
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.90
    •  
  • 20003 Pricetown Avenue Carson, CA 3
    • 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1971
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.98
    •  
  • 18618 Bonham Avenue Carson, CA 4
    • 5 beds 3 baths ∙ 1,938 Sqft ∙ Built 1953 5 beds 3 baths ∙ 1,938 Sqft ∙ Built 1953
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.81
    •  
PROPERTY LISTING DETAILS
Kenneth Bryant
New Canaan Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IN21053225
Last Updated: 03/13/2021
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