Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $456.92
- 2 Days on Market
- MLS # : NP20262877
- Updated Date : 12/26/2020 at 21:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,488 sqft
- Baths : 1 full
Listing Agent
Four Sail Realty
Listing Agent's Description
Beautifully maintained 3 bedroom 2 bath home in a highly desirable area of La Verne. This well designed house seems larger than 1488 sq feet, and the mountain views from multiple rooms are breathtaking. The front and backyards are well manicured and the 3-car garage is a pleasant bonus as well. Start 2021 with new and wonderful memories in a great new home.
SEE MORE
MARKET HIGHLIGHTS
- 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)
- 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: Lordsburg
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lordsburg
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,780 |
| EXPENSES | Loan Payment | -$2,509 |
| Property Tax | -$680 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
-$607
|
||
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.
$679,900
PROJECTED PRICE
$2,780
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.05% |
| 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
$185,924
LOAN DETAILS
$2,509
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $169,975 |
| Loan Amount | $509,925 |
2.08
YEARS SAVED
$10,918
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,780
LIST RENT -
$1.87
LIST RENT PER SQFT
-
$2,816
COMP ESTIMATED VALUE -
$1.89
COMP AVG. RENT PER SQFT
Comps Range
-
3321 Logan Street La Verne, CA 2
- 3 beds 1 baths ∙ 1,488 Sqft ∙ Built 1977 3 beds 1 baths ∙ 1,488 Sqft ∙ Built 1977
![property image]()
- Rent
- Rent Per SQFT
- $2,780
- $1.87
-
2441 Sylvian Lane La Verne, CA 1
- 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1978
![property image]()
LEASED 07/04/20- Rent
- Rent Per SQFT
- $2,675
- $1.76
-
1201 Danton Street La Verne, CA 3
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1972
![property image]()
LEASED 05/09/20- Rent
- Rent Per SQFT
- $2,850
- $2.03
-
3315 Logan Street La Verne, CA 4
- 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 1977
![property image]()
LEASED 11/15/19- Rent
- Rent Per SQFT
- $2,900
- $1.84
-
1316 Danton Street La Verne, CA 5
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1972
![property image]()
LEASED 11/16/20- Rent
- Rent Per SQFT
- $3,000
- $1.94
PROPERTY LISTING DETAILS
Four Sail Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: NP20262877
Last Updated: 12/26/2020
