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3502 Brighton Place Rowland Heights, CA 91748

4 Beds 4 Baths 2,981 sqft Built 1993

$1,150,000

List Price

$3,720

$3.5K - $4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $385.78
  • 40 Days on Market
  • MLS # : CV20253182
  • Updated Date : 01/12/2021 at 10:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,981 sqft
  • Baths : 4 full
Listing Agent

Re/max 2000 Realty

Listing Agent's Description

Prestige Rowland Heights 2 Level Home in Vantage Pointe Community, Located in Quiet cul-de-sac Neighborhood; Luxury 4 Bedrooms (Upstairs 2 Suites + Master Suite w/ Retreat and Down Stairs 1 Bedroom) / 4 Baths / 3 Cars Direct Access Garage; Bright, Open & Airy Floor Plan; Flat High Ceiling in Formal Entry, Living Room & Formal Dining Room; Upgraded Gourmand Kitchen w/ Newer Cabinet, Appliances, Granite Counter Top, & Island; Remodel Baths w/ Newer Cabinet, Sinks, Faucet, Shower & Tub; Newly Installed Double Panel Windows & Sliding Door; Hardwood, Bamboo, & Marble Floor Throughout; 2 Separated Energy Saving Upper & Lower Level A/C System; 3 Gorgeous Fire Places in Living Room, Family Room, & Master Suite; Spacious Back Yard with Cover Patio, Pool, Spa, Built in BBQ for Family Gathering & Friends Entertaining

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Zip Code: 91748

ZipNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650kPrice in $187k687k

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

Zip Code: 91748

ZipNIR Market*CityMarket2010Year2000 Q42019 Q216001700180019002000210022002300240025002600270028002900Rent in $15582941

* 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
Shelyn Elementary School Primary Regular 437 21 7
Alvarado Intermediate School Middle Regular 750 30 7
John A. Rowland High School High Regular 2,329 87 8

Shelyn Elementary School

  • Education Level: Primary
  • # of students: 437
  • # of teachers: 21
7
GreatSchools Rating

Alvarado Intermediate School

  • Education Level: Middle
  • # of students: 750
  • # of teachers: 30
7
GreatSchools Rating

John A. Rowland High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 87
8
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$3,348$4,092$3,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,720
EXPENSES Loan Payment -$3,994
Property Tax -$1,132
Property Insurance -$99
HOA -$88
Property Management Fees -$182
CASH FLOW
-$1,776

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.

$1,150,000

PROJECTED PRICE

$3,720

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,720

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $3,704

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,6003$3,6004$3,7205$3,800
$3,800
RENT COMPS ANALYSIS
  • 3502 Brighton Place Rowland Heights, CA 4
    • 4 beds 4 baths ∙ 2,981 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,981 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $3,720
    • $1.25
    •  
  • 18515 Stonegate Lane Rowland Heights, CA 1
    • 4 beds 3 baths ∙ 2,815 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,815 Sqft ∙ Built 1996
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
  • 3535 Normandy Way Rowland Heights, CA 2
    • 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1996
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.24
    •  
  • 18438 Nottingham Lane Rowland Heights, CA 3
    • 5 beds 3 baths ∙ 2,787 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,787 Sqft ∙ Built 1997
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.29
    •  
  • 3527 Brighton Place Rowland Heights, CA 5
    • 4 beds 4 baths ∙ 2,981 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,981 Sqft ∙ Built 1993
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.27
    •  
PROPERTY LISTING DETAILS
James Chou
Re/max 2000 Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20253182
Last Updated: 01/12/2021
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