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2862 Peppertree Way Pomona, CA 91767

4 Beds 3 Baths 2,273 sqft Built 2003

$749,999

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $329.96
  • 2 Days on Market
  • MLS # : PW21151755
  • Updated Date : 07/12/2021 at 14:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,273 sqft
  • Baths : 3 full
Listing Agent

Dream Home Realty

Listing Agent's Description

Your dream home is here and waiting for you!! This lovely home is nestled in a quite and safe gated community, just walking distance from a community park. Enjoy the spacious 4 bedrooms and 3 bathrooms, bright, clean, and ready to move in. Enjoy family and friends gatherings in this beautifully maintained backyard. Buyers act fast this house will not last. More pictures to come.

SEE MORE

MARKET HIGHLIGHTS

  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]

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
Pomona Senior High School High Regular 1,286 59 2
Pomona High School High Unknown NA

Pomona Senior High School

  • Education Level: High
  • # of students: 1,286
  • # of teachers: 59
2
GreatSchools Rating

Pomona High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$674,999$824,999$749,999

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,605
Property Tax -$827
Property Insurance -$82
HOA -$90
Property Management Fees -$146
CASH FLOW
-$770

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.

$749,999

PROJECTED PRICE

$2,980

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,499
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,182

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $3,080

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9503$2,9804$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2862 Peppertree Way Pomona, CA 3
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.31
    •  
  • 2719 Crimson Way Pomona, CA 1
    • 3 beds 4 baths ∙ 2,132 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,132 Sqft ∙ Built 2016
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.27
    •  
  • 2736 Meyer Lane Pomona, CA 2
    • 3 beds 4 baths ∙ 2,110 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,110 Sqft ∙ Built 2017
    LEASED 06/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.40
    •  
  • 2740 Vine Street Pomona, CA 4
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2011
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.34
    •  
  • 1723 Lordsburg Court La Verne, CA 5
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2006
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.41
    •  
PROPERTY LISTING DETAILS
Viola Hanna
Dream Home Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21151755
Last Updated: 07/12/2021
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