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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $473.58
- 5 Days on Market
- MLS # : WS20264363
- Updated Date : 01/02/2021 at 11:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,457 sqft
- Baths : 2 full
Listing Agent
Signal Realty
Listing Agent's Description
Welcome home to 2106 Montera Dr! Located in the beautiful city of Hacienda Heights conveniently located 20 minutes from Downtown L.A. With an open floor plan, gorgeous laminate floors and almost 1500 square feet for your living pleasure! The house features 3 bedrooms and 2 baths. Well maintain front and back yards with mature trees. Please schedule appointment to see this wonderful home! This one won't last!!
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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: Hacienda Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hacienda Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$2,546 |
| Property Tax | -$709 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$125 | |
|
CASH FLOW
-$882
|
||
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.
$690,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.05% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$188,600
LOAN DETAILS
$2,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $172,500 |
| Loan Amount | $517,500 |
0.58
YEARS SAVED
$1,585
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,560
LIST RENT -
$1.76
LIST RENT PER SQFT
-
$2,568
COMP ESTIMATED VALUE -
$1.76
COMP AVG. RENT PER SQFT
Comps Range
-
2106 Montera Drive Hacienda Heights, CA 1
- 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1977
![property image]()
- Rent
- Rent Per SQFT
- $2,560
- $1.76
-
16001 La Monde Street Hacienda Heights, CA 2
- 3 beds 1 baths ∙ 1,429 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,429 Sqft ∙ Built 1968
![property image]()
LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,650
- $1.85
-
2051 Atlantida Drive Hacienda Heights, CA 3
- 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 1963
![property image]()
LEASED 10/14/20- Rent
- Rent Per SQFT
- $2,750
- $1.72
-
2816 Jurado Avenue Hacienda Heights, CA 4
- 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1973
![property image]()
LEASED 09/17/20- Rent
- Rent Per SQFT
- $2,800
- $1.71
-
1946 Deerpeak Drive Hacienda Heights, CA 5
- 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1977
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,900
- $1.77
PROPERTY LISTING DETAILS
Signal Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: WS20264363
Last Updated: 01/02/2021
