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21525 Pathfinder Road Diamond Bar, CA 91765

4 Beds 2 Baths 1,712 sqft Built 1963

$780,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $455.61
  • 3 Days on Market
  • MLS # : TR21029853
  • Updated Date : 02/12/2021 at 14:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,712 sqft
  • Baths : 2 full
Listing Agent

Cc Royal Realty

Listing Agent's Description

Beautiful Single Story Home Located in the Desirable South Diamond Bar. Walking Distance to Evergreen Elementary School and Diamond Bar High School. Open Floor Plan with 4 Bedrooms and 2 bathrooms. Large Living Room and Dining Room. Lots of Upgrades through the Property. Wood Flooring and Dual Pane Windows throughout. Upgraded Kitchen Cabinets and Granite Counter tops. Remodeled Bathrooms with Showers and Vanities. Cul-de-sac and Nice Neighborhood. Convenient Location to Shopping Center,, Schools, Fwys, and Bus Stops.

SEE MORE

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

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
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
 

$702,000$858,000$780,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,709
Property Tax -$796
Property Insurance -$68
Property Management Fees -$131
CASH FLOW
-$1,025

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.

$780,000

PROJECTED PRICE

$2,680

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,709

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$535

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $2,658

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6803$2,7004$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 21525 Pathfinder Road Diamond Bar, CA 2
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.57
    •  
  • 21517 Pathfinder Diamond Bar, CA 1
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1963
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.56
    •  
  • 1816 Morning Canyon Road Diamond Bar, CA 3
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1978
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.52
    •  
  • 1976 Evergreen Springs Drive Diamond Bar, CA 4
    • 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1963
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.54
    •  
  • 2439 Sunbright Drive Diamond Bar, CA 5
    • 4 beds 3 baths ∙ 1,756 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,756 Sqft ∙ Built 1976
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.59
    •  
PROPERTY LISTING DETAILS
Cathy Cheng
Cc Royal Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21029853
Last Updated: 02/12/2021
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