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

23 Calle Del Cabos Pomona, CA 91766

3 Beds 3 Baths 1,345 sqft Built 1988

$519,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $385.87
  • 6 Days on Market
  • MLS # : 200050612
  • Updated Date : 11/03/2020 at 13:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,345 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Move-in ready beautifully maintained 3bd/2.5 bath in highly desirable master plan Phillips Ranch. Newer roof, exterior painted stucco, and rain gutters updated by seller. Come see this open and bright floor plan. Conveniently located to great shopping, restaurants, schools, parks and accessible to freeways. Equipment: Range/Oven Other Fees: 0 Sewer: Public Sewer Topography: LL

SEE MORE

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: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12562941

* 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
Ranch Hills Elementary School Primary Regular 495 19 7
Ranch Hills Elementary School Middle Regular 495 19 7
Diamond Ranch High School High Regular 1,791 70 7

Ranch Hills Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 19
7
GreatSchools Rating

Ranch Hills Elementary School

  • Education Level: Middle
  • # of students: 495
  • # of teachers: 19
7
GreatSchools Rating

Diamond Ranch High School

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

$467,100$570,900$519,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,915
Property Tax -$565
Property Insurance -$60
HOA -$130
Property Management Fees -$106
CASH FLOW
-$605

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$519,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,285

INVESTMENT

$143,285

Down Payment
$129,750
Rehab Estimate
$5,750
Closing Costs
$7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,332

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $2,223

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,3003$2,3004$2,3805$2,450
$2,450
RENT COMPS ANALYSIS
  • 23 Calle Del Cabos Pomona, CA 1
    • 3 beds 3 baths ∙ 1,345 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,345 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.61
    •  
  • 24236 Sylvan Glen Road Diamond Bar, CA 2
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 1987
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.64
    •  
  • 24222 Sylvan Glen Road Diamond Bar, CA 3
    • 3 beds 3 baths ∙ 1,395 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,395 Sqft ∙ Built 1988
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.65
    •  
  • 24131 High Knob Road Diamond Bar, CA 4
    • 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,438 Sqft ∙ Built 1985
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.66
    •  
  • 24356 Sylvan Glen Road Diamond Bar, CA 5
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1986
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.66
    •  
PROPERTY LISTING DETAILS
My Tran
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 200050612
Last Updated: 11/03/2020
BESbswy