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20162 Donway Drive Walnut, CA 91789

4 Beds 2 Baths 1,625 sqft Built 1975

$668,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $411.08
  • 2 Days on Market
  • MLS # : TR20231651
  • Updated Date : 11/02/2020 at 22:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,625 sqft
  • Baths : 2 full
Listing Agent

A + Realty & Mortgage

Listing Agent's Description

Rare find one story home close to the Royal Vista Golf course. Located at the corner of Donway Drive and Lake Canyon Drive with the front entrance on Lake Canyon Drive. Quiet neighborhood. Kitchen with granite countertops. Tiled floor in entryway, Dining Room, and Kitchen. Need some TLC. House is priced based on the current AS IS condition. An opportunity to renovate with one's own taste and color to make it a sweet home or keep it as an investment.

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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: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $187k821k

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

Neighborhood: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q2160017001800190020002100220023002400250026002700280029003000Rent in $15713025

* 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
Ybarra Academy For The Arts And Technology Primary Regular 635 27 7
Ybarra Academy For The Arts And Technology Middle Regular 635 27 7
John A. Rowland High School High Regular 2,329 87 8

Ybarra Academy For The Arts And Technology

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 27
7
GreatSchools Rating

Ybarra Academy For The Arts And Technology

  • Education Level: Middle
  • # of students: 635
  • # of teachers: 27
7
GreatSchools Rating

John A. Rowland High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 87
8
GreatSchools Rating
 

$601,200$734,800$668,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,465
Property Tax -$693
Property Insurance -$66
Property Management Fees -$136
CASH FLOW
-$590

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.

$668,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.41%

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$182,770

INVESTMENT

$182,770

Down Payment
$167,000
Rehab Estimate
$5,750
Closing Costs
$10,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,465

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,000
Loan Amount $501,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$10,995

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $2,738

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6503$2,7704$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 20162 Donway Drive Walnut, CA 3
    • 4 beds 2 baths ∙ 1,625 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,625 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.70
    •  
  • 2020 Bing Court Rowland Heights, CA 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.70
    •  
  • 20238 Wyn Walnut, CA 2
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1976
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.58
    •  
  • 1706 Wineglow Circle Walnut, CA 4
    • 4 beds 2 baths ∙ 1,625 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,625 Sqft ∙ Built 1975
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.72
    •  
  • 1167 Tierra Luna Walnut, CA 5
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1978
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.74
    •  
PROPERTY LISTING DETAILS
Sanne Lee
A + Realty & Mortgage
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20231651
Last Updated: 11/02/2020
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