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2416 Batson Avenue Rowland Heights, CA 91748

4 Beds 2 Baths 1,080 sqft Built 1960

$619,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $573.15
  • 106 Days on Market
  • MLS # : WS20202633
  • Updated Date : 12/16/2020 at 16:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,080 sqft
  • Baths : 2 full
Listing Agent

Irn Realty

Listing Agent's Description

A Must See!!! Great Location!! This beautiful home features 4 bedrooms, 2 bathrooms, 2 car attached garage. please contact listing agent for more details. Close to schools, shopping, freeways. You DO NOT want to miss out on this home!

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: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $143k690k

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

Neighborhood: Rowland Heights

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13252941

* 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
Rowland Elementary School Primary Regular 528 22 3
Alvarado Intermediate School Middle Regular 750 30 7
John A. Rowland High School High Regular 2,329 87 8

Rowland Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 22
3
GreatSchools Rating

Alvarado Intermediate School

  • Education Level: Middle
  • # of students: 750
  • # of teachers: 30
7
GreatSchools Rating

John A. Rowland High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 87
8
GreatSchools Rating
 

$557,100$680,900$619,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$2,150
Property Tax -$644
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$917

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.

$619,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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-$15k-$10k-$5.0k$0.0$5.0k

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$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,150

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$88

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $1,990

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,1003$2,2954$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 2416 Batson Avenue Rowland Heights, CA 1
    • 4 beds 2 baths ∙ 1,080 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,080 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.88
    •  
  • 2416 Sierra Leone Avenue Rowland Heights, CA 2
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1960
    property image
    LEASED 04/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.83
    •  
  • 2037 Paso Real Avenue Rowland Heights, CA 3
    • 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1963
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.90
    •  
  • 18314 Companario Drive Rowland Heights, CA 4
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1958
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.78
    •  
  • 2753 Plano Drive Rowland Heights, CA 5
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1963
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.86
    •  
PROPERTY LISTING DETAILS
Ying Xia
Irn Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20202633
Last Updated: 12/16/2020
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