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346 Mater Dei Circle Claremont, CA 91711

4 Beds 3 Baths 2,859 sqft Built 1977

$949,900

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $332.25
  • 5 Days on Market
  • MLS # : IV21002190
  • Updated Date : 01/08/2021 at 15:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,859 sqft
  • Baths : 2 full , 1 half
Listing Agent

E Net Realty Corp

Listing Agent's Description

The residence is 2,859 sq ft offering 4 Bedrooms, den, large game room, office and 2 full Baths, and 1 half bath and a 2 car oversized drive thru 32 Ft. deep car garage, great for a boat storage. Also offers 2 Patios and spa, wired alarm system, energy efficient windows throughout. This 2 story attached home is located on a cul-de-sac in North Claremont. As you enter the home the living room is to the left and game room to the right next to the game room is the office which leads to the garage. Past the living room is the large dining area with entrance to kitchen and family room. The kitchen also offers a separate dining area. Both the kitchen and family offer French doors leading to a large 44ft covered patio and large tree lined back yard. Adjacent to the large main patio is a second patio with an above ground spa that is aprox 1 ½ years old and always ready for use. Master bedroom also offers additional large attic storage space with access via the master walk in closet. Available for quick sale and occupancy. Seller is a licensed California Mortgage Banker and Real Estate Broker.

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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: North Claremont

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: North Claremont

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16653697

* 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
Chaparral Elementary School Primary Regular 656 25 8
Chaparral Elementary School Middle Regular 656 25 8
Claremont High School High Regular 2,423 92 9

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 25
8
GreatSchools Rating

Chaparral Elementary School

  • Education Level: Middle
  • # of students: 656
  • # of teachers: 25
8
GreatSchools Rating

Claremont High School

  • Education Level: High
  • # of students: 2,423
  • # of teachers: 92
9
GreatSchools Rating
 

$854,910$1,044,890$949,900

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$3,299
Property Tax -$1,002
Property Insurance -$96
Property Management Fees -$181
CASH FLOW
-$888

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.

$949,900

PROJECTED PRICE

$3,690

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 4.5%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,474

INVESTMENT

$257,474

Down Payment
$237,475
Rehab Estimate
$5,750
Closing Costs
$14,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,299

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,475
Loan Amount $712,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$8,576

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $3,702

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6003$3,6904$3,7005$4,000
$4,000
RENT COMPS ANALYSIS
  • 346 Mater Dei Circle Claremont, CA 3
    • 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.29
    •  
  • 2141 Oxford Avenue Claremont, CA 1
    • 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 1965
    property image
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.24
    •  
  • 316 E Dunbarton Place Claremont, CA 2
    • 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1987
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.26
    •  
  • 796 Via Santo Tomas Claremont, CA 4
    • 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1966
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.38
    •  
  • 754 Via Monte Video Street Claremont, CA 5
    • 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 1969 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 1969
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.30
    •  
PROPERTY LISTING DETAILS
Ray Scott
E Net Realty Corp
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21002190
Last Updated: 01/08/2021
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