Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

20224 Wyn Walnut, CA 91789

4 Beds 2 Baths 1,872 sqft Built 1976

$765,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $408.65
  • 9 Days on Market
  • MLS # : TR21000608
  • Updated Date : 01/09/2021 at 10:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,872 sqft
  • Baths : 2 full
Listing Agent

Irn Realty

Listing Agent's Description

Situated in a quiet residential area and yet very convenient location in Walnut near Colima Road; across from Royal Vista Golf course. Two blocks from grocery stores and restaurants. House was renovated in 2012. Most recent renovation was done in 2018 with new kitchen cabinet and beautiful granite countertop and laminated floor. House is tri-leveled. Main entrance is from the second level. Washer and dryer are in the garage downstairs. Master bedroom suite is on the main floor which is on the same level as the entrance. 3 bedrooms upstairs sharing one full bath. Living room, dining area and kitchen are all on the main entrance level. House is with high ceiling in the living room. Lots of lemon trees and grape fruit tree. Easy access to 60 and 57 FRWY.

SEE MORE

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
 

$688,500$841,500$765,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,657
Property Tax -$794
Property Insurance -$72
Property Management Fees -$144
CASH FLOW
-$727

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.

$765,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.38%

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

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$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,657

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $2,934

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,9403$2,9504$2,9755$3,000
$3,000
RENT COMPS ANALYSIS
  • 20224 Wyn Walnut, CA 2
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $1.57
    •  
  • 20238 Wyn Walnut, CA 1
    • 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
    •  
  • 20148 Padrino Avenue Walnut, CA 3
    • 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 1979
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.56
    •  
  • 1217 Calbourne Drive Diamond Bar, CA 4
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1964
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.56
    •  
  • 20411 Gernside Drive Diamond Bar, CA 5
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1975
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.57
    •  
PROPERTY LISTING DETAILS
Sophia Xie
Irn Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21000608
Last Updated: 01/09/2021
BESbswy