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2092 Peaceful Hills Road Diamond Bar, CA 91789

3 Beds 2 Baths 2,157 sqft Built 1981

$888,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $411.68
  • 13 Days on Market
  • MLS # : TR21055043
  • Updated Date : 03/26/2021 at 10:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,157 sqft
  • Baths : 2 full
Listing Agent

Metrocities Realty

Listing Agent's Description

SINGLE STORY VIEW home in one of the most desired locations of Diamond Bar / Walnut! Attends the HIGHLY RANKED WALNUT UNIFIED SCHOOL DISTRICT, within walking distance to Diamond Bar High School! Stunning REMODELED KITCHEN with TONS of counter space, VIKING COOKTOP, DOUBLE OVEN and center island! Newer tile & Brazilian mahogany wood flooring throughout the home! Plumbing RE-PIPE was completed about a year ago along with a new water heater. Formal living room is currently being used as the home office / 4th bedroom and includes a fireplace. Large corner lot with privacy hedges at entrance. Located across from RONALD REAGAN PARK which offers tennis courts along with a short walk to STARSHINE PARK with kids playgrounds! Easy access to 57 & 60 freeways!

SEE MORE

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
Evergreen Elementary School Primary Regular 579 23 8
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Evergreen Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 23
8
GreatSchools Rating

Chaparral Middle School

  • Education Level: Middle
  • # of students: 1,236
  • # of teachers: 46
10
GreatSchools Rating

Diamond Bar High School

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

$799,200$976,800$888,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$3,084
Property Tax -$910
Property Insurance -$79
HOA -$50
Property Management Fees -$152
CASH FLOW
-$1,175

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.

$888,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$241,070

INVESTMENT

$241,070

Down Payment
$222,000
Rehab Estimate
$5,750
Closing Costs
$13,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,000
Loan Amount $666,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$513

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $3,462

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,4004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 2092 Peaceful Hills Road Diamond Bar, CA 2
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.44
    •  
  • 20842 Quail Run Drive Diamond Bar, CA 1
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1985
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.53
    •  
  • 20327 Portside Drive Walnut, CA 3
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1985
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.64
    •  
  • 20711 E Rim Lane Diamond Bar, CA 4
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1987
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.66
    •  
  • 21423 Broken Arrow Drive Diamond Bar, CA 5
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1976
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.59
    •  
PROPERTY LISTING DETAILS
Chad Fox
Metrocities Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21055043
Last Updated: 03/26/2021
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