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22755 White Fir Lane Diamond Bar, CA 91765

4 Beds 2 Baths 1,867 sqft Built 1971

$920,000

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $492.77
  • 65 Days on Market
  • MLS # : TR20234975
  • Updated Date : 11/07/2020 at 12:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,867 sqft
  • Baths : 2 full
Listing Agent

New Star Realty & Inv.

Listing Agent's Description

This beautiful home on a quiet cul de sac has 4 bedroom +2, 3/4 bathroom. Highly upgraded kitchen with recessed lights, beautiful cabinets, granite counter top, granite center island, wine rack, induction cook top. Upgraded 3bathroom, upgraded dual pane window throughout, laminate wood flooring, cathedral high ceiling, family room with beautiful fire place. This beautiful house is very bright with natural sun lights. Maple Hill Elementary and Chaparral Middle school are walking distance. Lots of plants in the back yard. In the morning, lots of birds sit and sing on the plants which make you feel comfortable and heal your body and mentality. The best part of this house is that there is a big private park on the right side of the entrance. Taking a walk in your park and enjoy fresh air in your park. Huge park. This park can also be used for RV/BOAT/CAMPER PARKING SPACE. This beautiful house has a private park. It's a real, big park. Hurry up before someone take it. TURN KEY ! MOVE IN READY.

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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

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
Maple Hill Elementary School Primary Regular 523 19 10
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Maple Hill Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 19
10
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
 

$828,000$1,012,000$920,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$3,196
Property Tax -$939
Property Insurance -$72
Property Management Fees -$153
CASH FLOW
-$1,240

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.

$920,000

PROJECTED PRICE

$3,120

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-$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$249,550

INVESTMENT

$249,550

Down Payment
$230,000
Rehab Estimate
$5,750
Closing Costs
$13,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,196

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $230,000
Loan Amount $690,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$456

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,120

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,109

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$3,0003$3,0004$3,1205$3,300
$3,300
RENT COMPS ANALYSIS
  • 22755 White Fir Lane Diamond Bar, CA 4
    • 4 beds 2 baths ∙ 1,867 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,867 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $1.67
    •  
  • 22907 Colombard Lane Diamond Bar, CA 1
    • 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 1988
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.54
    •  
  • 22448 Mountain Laurel Way Diamond Bar, CA 2
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1968
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.59
    •  
  • 1658 Fox Glen Drive Diamond Bar, CA 3
    • 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1968
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.68
    •  
  • 1742 Aspen Grove Lane Diamond Bar, CA 5
    • 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1967
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.85
    •  
PROPERTY LISTING DETAILS
Patrick Oh
New Star Realty & Inv.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20234975
Last Updated: 11/07/2020
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