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3191 Marigold Circle Diamond Bar, CA 91765

3 Beds 4 Baths 1,840 sqft Built 2016

$748,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $406.52
  • 10 Days on Market
  • MLS # : TR20234651
  • Updated Date : 11/09/2020 at 21:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,840 sqft
  • Baths : 3 full , 1 half
Listing Agent

Country Queen Real Estate

Listing Agent's Description

NESTLED IN THE PRIVATE & GATED NEW COMMUNITY OF “WILLOW HEIGHTS” IN SOUTH DIAMOND BAR. EXCELLENT AWARD WINNING WALNUT VALLEY UNIFIED SCHOOL DISTRICT. LUXURY TOWNHOUSE OFFERS THE PERFECT LIFESTYLE. THIS UNIT FEATURES 3 BEDROOMS PLUS A DEN, 3.5 BATHS, (1 BEDROOM WITH FULL BATHROOM DOWNSTAIRS). A VERY FUNCTIONAL & SPACIOUS 2 - CAR GARAGE WITH DIRECT INTERIOR ACCESS, BALCONY, ENTERTAINING PATIO AREA. GOURMET KITCHEN CONSTRUCTED WITH STUNNING GRANITE COUNTERTOPS. GE STAINLESS STEEL APPLIANCES INCLUDING THE REFRIGERATOR, BEAUTIFUL CABINETRY AND THE PERFECT AMBIANCE. LARGE FAMILY ROOM OFFERS A BRIGHT, OPEN FLOOR PLAN, BUILT WITH HIGHLY ENERGY EFFICIENT FEATURES SUCH AS HOME AUTOMATION, ENERGY STAR APPLIANCES, HIGH EFFICIENT LED LIGHTING. TANKLESS WATER HEATER AND MUCH MORE. ACCESS TO A COMMUNITY PARK WITH WALKING TRAIL, PLAY ROUND FOR THE KIDS, BBQ AND SITTING AREAS. VERY CONVENIENT ACCESS TO THE 57 AND 60 FREEWAY. WALKING TO ALL SCHOOLS, PARK, RESTAURANTS AND MARKETS. COME MAKE THIS YOUR DREAM HOME!! **GUARANTEED THIS WON'T LAST LONG**

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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: 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
Castle Rock Elementary School Primary Regular 605 23 7
South Pointe Middle School Middle Regular 982 40 9
Diamond Bar High School High Regular 3,050 111 9

Castle Rock Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 23
7
GreatSchools Rating

South Pointe Middle School

  • Education Level: Middle
  • # of students: 982
  • # of teachers: 40
9
GreatSchools Rating

Diamond Bar High School

  • Education Level: High
  • # of students: 3,050
  • # of teachers: 111
9
GreatSchools Rating
 

$673,200$822,800$748,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,760
Property Tax -$727
Property Insurance -$72
HOA -$295
Property Management Fees -$147
CASH FLOW
-$1,000

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.

$748,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.40%

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$10k

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$203,970

INVESTMENT

$203,970

Down Payment
$187,000
Rehab Estimate
$5,750
Closing Costs
$11,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,760

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,000
Loan Amount $561,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$906

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $3,137

    COMP ESTIMATED VALUE
  • $1.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9503$3,0004$3,1005$3,300
$3,300
RENT COMPS ANALYSIS
  • 3191 Marigold Circle Diamond Bar, CA 3
    • 3 beds 4 baths ∙ 1,840 Sqft ∙ Built 2016 3 beds 4 baths ∙ 1,840 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.63
    •  
  • 3199 Marigold Circle Diamond Bar, CA 1
    • 3 beds 4 baths ∙ 1,662 Sqft ∙ Built 2016 3 beds 4 baths ∙ 1,662 Sqft ∙ Built 2016
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.71
    •  
  • 3166 Marigold Circle Diamond Bar, CA 2
    • 3 beds 4 baths ∙ 1,690 Sqft ∙ Built 2015 3 beds 4 baths ∙ 1,690 Sqft ∙ Built 2015
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.75
    •  
  • 21098 Blossom Way Diamond Bar, CA 4
    • 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 2015
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.74
    •  
  • 21050 Blossom Way Diamond Bar, CA 5
    • 4 beds 4 baths ∙ 2,040 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,040 Sqft ∙ Built 2015
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.62
    •  
PROPERTY LISTING DETAILS
Lucy Xu
Country Queen Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20234651
Last Updated: 11/09/2020
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