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

211 S Palo Cedro Diamond Bar, CA 91765

4 Beds 2 Baths 1,850 sqft Built 1971

$739,900

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $399.95
  • 2 Days on Market
  • MLS # : IG21058326
  • Updated Date : 03/20/2021 at 10:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,850 sqft
  • Baths : 2 full
Listing Agent

Team Spirit Realty, Inc.

Listing Agent's Description

Immaculate single-family home situated in the heart of Diamond Bar on a hill with a gorgeous view. This 4-bedroom/2-bath home has a wonderful layout with beautiful laminate floors throughout the living room and bedrooms and a large open concept kitchen that flows into a formal dining room. Large well-manicured grassy backyard with unobstructed views and mature landscaping that creates a unique and serene setting. Complete with an updated plumbing (with water softener throughout), heating system, and garage roof. Conveniently located to Sprouts Farmers Market, Diamond Bar Golf Course, many great restaurants and access to the 60 and 57 freeway, you'll truly feel the pride in ownership as soon as you walk through the doors.

SEE MORE

MARKET HIGHLIGHTS

  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (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)
  • 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)
  • 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)
  • 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]
  • 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)

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
Lorbeer Middle School Middle Regular 754 29 6
Diamond Ranch High School High Regular 1,791 70 7
Lorbeer Middle School Middle Unknown NA

Lorbeer Middle School

  • Education Level: Middle
  • # of students: 754
  • # of teachers: 29
6
GreatSchools Rating

Diamond Ranch High School

  • Education Level: High
  • # of students: 1,791
  • # of teachers: 70
7
GreatSchools Rating

Lorbeer Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$665,910$813,890$739,900

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,570
Property Tax -$801
Property Insurance -$72
Property Management Fees -$130
CASH FLOW
-$923

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.

$739,900

PROJECTED PRICE

$2,650

PROJECTED RENT

0.36%

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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$201,824

INVESTMENT

$201,824

Down Payment
$184,975
Rehab Estimate
$5,750
Closing Costs
$11,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,570

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,975
Loan Amount $554,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$898

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $2,821

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7003$2,7004$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 211 S Palo Cedro Diamond Bar, CA 1
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.43
    •  
  • 335 S Rock River Road Diamond Bar, CA 2
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1970
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.61
    •  
  • 23615 Maple Springs Drive Diamond Bar, CA 3
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1960
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.49
    •  
  • 330 S Rock River Road Diamond Bar, CA 4
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1970
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.52
    •  
  • 271 N Rock River Drive N Diamond Bar, CA 5
    • 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 1973
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.48
    •  
PROPERTY LISTING DETAILS
Yoonsook Kim
Team Spirit Realty, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21058326
Last Updated: 03/20/2021
BESbswy