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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $614.99
- 5 Days on Market
- MLS # : EB40930900
- Updated Date : 12/11/2020 at 14:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,935 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Your perfect suburban escape. Spacious and elegant updated ranch home. Walk in to the stylish front living room, make your way to the open dining area. Smell the fresh pies in the oven, get cozy in the huge rumpus room adjacent to the back yard. Huge sliding glass doors make indoor/outdoor living a delight, perfect flat big back yard. Bright and sunny in the front with quiet, private peaceful bedrooms all on one level. Newer bathrooms including the master suite. Close to Larkey Park, Palos Verdes shopping center/Lunardi's Market. Short distance to 2 BART stations and easy access to both 680 ad 24 freeways. Updated bright kitchen with WOLF stovetop and Meile dishwasher, all stainless appliances. Check it out: https://player.vimeo.com/video/488980391 Long driveway will accommodate boat or RV.
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PRICE & RENT TRENDS
Neighborhood: Palos Verde Area
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palos Verde Area
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,970 |
| EXPENSES | Loan Payment | -$4,391 |
| Property Tax | -$1,235 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$195 | |
|
CASH FLOW
-$1,924
|
||
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.
$1,190,000
PROJECTED PRICE
$3,970
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 5.00% |
| Appreciation Year (1-5) | 4.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.09% |
| 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
$321,100
LOAN DETAILS
$4,391
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $297,500 |
| Loan Amount | $892,500 |
0.17
YEARS SAVED
$242
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,970
LIST RENT -
$2.05
LIST RENT PER SQFT
-
$3,972
COMP ESTIMATED VALUE -
$2.05
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
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LEASED 09/12/19- Rent
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- $3,500
- $2.10
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LEASED 09/13/19- Rent
- Rent Per SQFT
- $3,895
- $1.79
-
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- 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 1978
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LEASED 10/15/19- Rent
- Rent Per SQFT
- $4,000
- $1.87
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LEASED 11/17/19- Rent
- Rent Per SQFT
- $4,900
- $2.45
PROPERTY LISTING DETAILS
Keller Williams Realty
