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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $334.12
- 7 Days on Market
- MLS # : CV21020496
- Updated Date : 02/06/2021 at 21:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,394 sqft
- Baths : 3 full
Listing Agent
Realty Masters & Associates
Listing Agent's Description
Beautiful newer built home in great area of Phillips Ranch is ready for it's new family. This stunning home is located in The Crossing at Phillips Ranch. This smart home is packed with modern home automation technology and is as pristine now as when it was completed in April 2019. Built by Lennar Homes this work from home haven has 2,394 sqft., 4 bedrooms / 2.5 baths and has model home features. The chef’s delight kitchen has Quartz counters with cook-top stove, subway tile backsplash, stainless steel under-mount single basin sink, dishwasher, double GE Oven with WiFi connect, beautiful white colored cabinets, large island with breakfast bar, and giant walk-in pantry. The home has recessed lighting with beautiful tile flooring downstairs. Upstairs includes laundry room & beautiful views of the green community hillside. Of the four bedrooms, one is a private master suite with en-suite, his/her vanity sink, walk-in shower, deep soaking tub, and expansive walk-in closet. There's an outdoor patio, 2 car garage with tank-less water heater. Other features of this home include panel solar system (Lease) & WiFi features. Minutes from “The Shoppes”, Ranch 99, and Costco. Miles of walking trails, parks, dog park, and so much more. Must See !!!
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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: Pomona
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pomona
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,880 |
| EXPENSES | Loan Payment | -$2,778 |
| Property Tax | -$886 | |
| Property Insurance | -$85 | |
| HOA | -$103 | |
| Property Management Fees | -$141 | |
|
CASH FLOW
-$1,113
|
||
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.
$799,888
PROJECTED PRICE
$2,880
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$217,720
LOAN DETAILS
$2,778
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $199,972 |
| Loan Amount | $599,916 |
0.25
YEARS SAVED
$245
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,880
LIST RENT -
$1.2
LIST RENT PER SQFT
-
$3,080
COMP ESTIMATED VALUE -
$1.29
COMP AVG. RENT PER SQFT
Comps Range
-
24 Country Glen Street Phillips Ranch, CA 2
- 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,880
- $1.20
-
1523 Esparza Court Pomona, CA 1
- 5 beds 3 baths ∙ 2,476 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,476 Sqft ∙ Built 2005
LEASED 07/19/20- Rent
- Rent Per SQFT
- $2,700
- $1.09
-
40 Gable Court Pomona, CA 3
- 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 2019
LEASED 08/24/20- Rent
- Rent Per SQFT
- $3,100
- $1.29
-
42 Gabel Ct Pomona, CA 4
- 5 beds 4 baths ∙ 2,435 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,435 Sqft ∙ Built 2019
LEASED 10/27/20- Rent
- Rent Per SQFT
- $3,600
- $1.48
PROPERTY LISTING DETAILS
Realty Masters & Associates
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21020496
Last Updated: 02/06/2021
