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20725 Earlgate Street Walnut, CA 91789

4 Beds 1 Baths 1,753 sqft Built 1965

$699,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $398.75
  • 11 Days on Market
  • MLS # : EV21009015
  • Updated Date : 01/29/2021 at 20:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,753 sqft
  • Baths : 1 full
Listing Agent

Berkshire Hathaway Homeservices California Realty

Listing Agent's Description

A prime Walnut/Diamond Bar location and a blank canvas await the buyer with vision and creativity. The owner lived here for 50 years and there are multiple opportunities to design your perfect nest. Just under 1800 sq ft of interior space with 4 bedrooms and 2 full baths make this home a candidate for many options. The largest bedroom upstairs, currently used as the master suite, was created from two bedrooms with the dividing wall removed. The bones are solid; one bedroom with an attached full bath is on the main level, the other 3 are upstairs. Entry opens to the spacious sunken (one step down) living room with a brick fireplace and a formal dining area. Attached is the kitchen with granite countertops and an additional eating area. The rear yard has a covered patio area and is fully fenced. It sits on a huge lot with pool potential and has an attached 2 car garage. The elementary school is at the end of the block plus it is freeway-close to I 57, I 60 and I 10 - great for commuters! Professional photos coming 1/27!!

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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: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17493697

* 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
Walnut Elementary School Primary Regular 556 22 8
South Pointe Middle School Middle Regular 982 40 9
Walnut High School High Regular 2,754 112 10

Walnut Elementary School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 22
8
GreatSchools Rating

South Pointe Middle School

  • Education Level: Middle
  • # of students: 982
  • # of teachers: 40
9
GreatSchools Rating

Walnut High School

  • Education Level: High
  • # of students: 2,754
  • # of teachers: 112
10
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,428
Property Tax -$706
Property Insurance -$69
Property Management Fees -$134
CASH FLOW
-$607

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.

$699,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$8,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $2,743

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7303$2,9504$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 20725 Earlgate Street Walnut, CA 2
    • 4 beds 1 baths ∙ 1,753 Sqft ∙ Built 1965 4 beds 1 baths ∙ 1,753 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $1.56
    •  
  • 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
    •  
  • 800 Dryander Drive Walnut, CA 4
    • 4 beds 1 baths ∙ 1,941 Sqft ∙ Built 1980 4 beds 1 baths ∙ 1,941 Sqft ∙ Built 1980
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.55
    •  
  • 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
Kathleen Kenney
Berkshire Hathaway Homeservices California Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV21009015
Last Updated: 01/29/2021
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