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2450 Sunbright Drive Diamond Bar, CA 91765

4 Beds 1 Baths 1,288 sqft Built 1962

$699,800

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $543.32
  • 6 Days on Market
  • MLS # : CV20228879
  • Updated Date : 11/02/2020 at 18:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,288 sqft
  • Baths : 1 full
Listing Agent

K.w. Executive

Listing Agent's Description

Adorable starter home with a pool is just one neighborhood over from The Country. Featuring 4 bedrooms and 1.75 bathrooms, each room is bright and airy with beautiful natural light. Kitchen is upgraded and offers direct garage access. All four rooms and both bathrooms are spacious, and located on the Northerly side of the layout. Bathrooms are fully upgraded to a modern style with white and gray accents. Why not entertain this Holiday Season with a pool party? Host your gathering under the patio with the pool just steps away. Perimeter of the pool is secure with a safety gate for the toddlers. The grassy area is perfect for pets, adding a swing set or even a BBQ pit. There is room to expand if your are looking for a little more room too! With so much potential, you won't want to miss this opportunity! Schools are highly rated with Evergreen Elementary, Diamond Bar High, and Holmes Stadium just a minutes away.

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: 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
Evergreen Elementary School Primary Regular 579 23 8
Chaparral Middle School Middle Regular 1,236 46 10
Diamond Bar High School High Regular 3,050 111 9

Evergreen Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 23
8
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
 

$629,820$769,780$699,800

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,582
Property Tax -$714
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$1,044

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.

$699,800

PROJECTED PRICE

$2,430

PROJECTED RENT

0.35%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,197

INVESTMENT

$191,197

Down Payment
$174,950
Rehab Estimate
$5,750
Closing Costs
$10,497

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,950
Loan Amount $524,850
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.89

    LIST RENT PER SQFT
  • $2,640

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,4302$2,6003$2,6504$2,6505$2,695
$2,695
RENT COMPS ANALYSIS
  • 2450 Sunbright Drive Diamond Bar, CA 1
    • 4 beds 1 baths ∙ 1,288 Sqft ∙ Built 1962 4 beds 1 baths ∙ 1,288 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.89
    •  
  • 2500 Crooked Creek Drive Diamond Bar, CA 2
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1963
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $2.03
    •  
  • 21325 Hidden Pines Drive Diamond Bar, CA 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1962
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.04
    •  
  • 21531 Lost River Drive Diamond Bar, CA 4
    • 4 beds 2 baths ∙ 1,315 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,315 Sqft ∙ Built 1963
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.02
    •  
  • 2605 Castle Rock Road Diamond Bar, CA 5
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1962
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $2.11
    •  
PROPERTY LISTING DETAILS
Ying-huei Chou
K.w. Executive
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20228879
Last Updated: 11/02/2020
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