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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $418.77
- 2 Days on Market
- MLS # : TR21025285
- Updated Date : 02/06/2021 at 10:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,502 sqft
- Baths : 2 full
Listing Agent
Re/max Universal Realty
Listing Agent's Description
This delicate one level premise will a perfect choice for your home. New vinyl white color fence looks elegant with the well maintained landscaping. Green grass, fruitful cactus, sugar cane,.... WIFI automated sensor is installed upon the entry to the front yard. Warm hearted welcome and make the housewife feels safe. reasonable floorplan divide the living area common area in a good method. Never miss the permitted sunroom which is 370SQFT(Shown as City's permit), it's not counted on the square footage but you will be impressed with its brightness and convenience. Total available area will be 1502SQFT. Always be the happiness play ground for your kids. It features 3 bedrooms and 2 baths, and the kitchen area is pretty bright with so many big windows. The owner maintained it in very good condition with love as their occupied home. Laminate floor and customized cabinets in each closet. Almost new softener, water heater in the 2 car Garage. Excellent Walnut school district will also be good for your kid's education.
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Diamond Bar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Diamond Bar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$2,185 |
| Property Tax | -$635 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$113 | |
|
CASH FLOW
-$686
|
||
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.
$629,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$172,435
LOAN DETAILS
$2,185
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $157,250 |
| Loan Amount | $471,750 |
1
YEARS SAVED
$2,495
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$1.54
LIST RENT PER SQFT
-
$2,343
COMP ESTIMATED VALUE -
$1.56
COMP AVG. RENT PER SQFT
Comps Range
-
21111 Rainwood Dr Walnut, CA 1
- 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $2,310
- $1.54
-
20460 Flintgate Drive Walnut, CA 2
- 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1966
LEASED 11/09/19- Rent
- Rent Per SQFT
- $2,400
- $1.54
-
738 Lincoln Avenue Diamond Bar, CA 3
- 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1980
LEASED 08/22/19- Rent
- Rent Per SQFT
- $2,680
- $1.48
-
21006 Parkridge Drive Walnut, CA 4
- 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 1989
LEASED 10/05/19- Rent
- Rent Per SQFT
- $2,900
- $1.60
-
20924 Deloraine Drive Walnut, CA 5
- 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1967
LEASED 01/14/21- Rent
- Rent Per SQFT
- $3,000
- $1.62
PROPERTY LISTING DETAILS
Re/max Universal Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: TR21025285
Last Updated: 02/06/2021
