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20877 Gold Run Drive Diamond Bar, CA 91765

5 Beds 3 Baths 2,988 sqft Built 1981

$1,058,000

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $354.08
  • 7 Days on Market
  • MLS # : CV21011055
  • Updated Date : 01/18/2021 at 11:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,988 sqft
  • Baths : 3 full
Listing Agent

Gogo Realtors R.h. Corp.

Listing Agent's Description

Gorgeous Home situated in a desirable neighborhood with Walnut School District Diamond Bar nearby by the county. Spacious inside and out. Bright & airy floor plan with open kitchen, spacious living room and family room. Kitchen has a granite counter island, upgraded wood and tile flooring. Spacious bonus room/or entertainment room could use as 5th bedroom. Huge back yard and lots parking space in front yard. New main electricity panel and new paint!This home is great for family as it is close to many supermarkets, highly rated schools( Walnut Valley Unified), banks, parks and conveniently close to the 57 and the 60 freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

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 $17843697

* 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
Castle Rock Elementary School Primary Regular 605 23 7
South Pointe Middle School Middle Regular 982 40 9
Diamond Bar High School High Regular 3,050 111 9

Castle Rock Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 23
7
GreatSchools Rating

South Pointe Middle School

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

Diamond Bar High School

  • Education Level: High
  • # of students: 3,050
  • # of teachers: 111
9
GreatSchools Rating
 

$952,200$1,163,800$1,058,000

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$3,675
Property Tax -$1,080
Property Insurance -$99
Property Management Fees -$176
CASH FLOW
-$1,430

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.

$1,058,000

PROJECTED PRICE

$3,600

PROJECTED RENT

0.34%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$286,120

INVESTMENT

$286,120

Down Payment
$264,500
Rehab Estimate
$5,750
Closing Costs
$15,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,675

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $264,500
Loan Amount $793,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$515

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $3,690

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,6003$3,6504$3,7005$3,800
$3,800
RENT COMPS ANALYSIS
  • 20877 Gold Run Drive Diamond Bar, CA 2
    • 5 beds 3 baths ∙ 2,988 Sqft ∙ Built 1981 5 beds 3 baths ∙ 2,988 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.20
    •  
  • 21435 Running Branch Road Diamond Bar, CA 1
    • 5 beds 3 baths ∙ 2,798 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,798 Sqft ∙ Built 1979
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.22
    •  
  • 21450 Cold Spring Lane Diamond Bar, CA 3
    • 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1977
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.31
    •  
  • 20593 Crestline Drive Diamond Bar, CA 4
    • 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 1996
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.17
    •  
  • 3620 Hawkwood Road Diamond Bar, CA 5
    • 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 1984
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.24
    •  
PROPERTY LISTING DETAILS
Roland Lin
Gogo Realtors R.h. Corp.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21011055
Last Updated: 01/18/2021
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