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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $402.01
- 2 Days on Market
- MLS # : IV20260392
- Updated Date : 12/19/2020 at 21:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,791 sqft
- Baths : 2 full
Listing Agent
Fusion One Realty
Listing Agent's Description
ABSOLUTELY GORGEUS from every angle; COMPLETELY UPGRADED with high quality materials and workmanship UPGRADES INCLUDE: Remodeled kitchen (Stainless Steel Appliances), Remodeled Restrooms (2), New Flooring, Newer Roof, New Windows, New Doors (interior & exterior), New Stamped Concrete Driveway, New Stamped Concrete in Patio, New Stamped Concrete Walkways, New Interior and Exterior Paint, Updated HVAC System, Artificial Lawn (no watering required) WiFi Irrigation Control, Drought Tolerant Landscaping, New Huge Walk-In Closet in Master Bedroom with Recessed Lights Plus Led Multicolor Lighting), Built-In Entertainment Centers, Surround Sound, Crown Molding throughout house, Finished Garage (Including Floor Paint), New Shelving in Garage, New Gutters, Huge Patio with Ceiling Fans, New Pane Glass French Front Door, Security Cameras Throughout Property, Digital Keyless Entry Door Locks, New Stainless Steel Garage Door and Opener (WiFi), New Vinyl Gates and New Vinyl Fencing around Property. And many more upgrades. ANYONE SEEING THIS HOUSE WILL JUST FALL IN LOVE WITH IT!
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Diamond Bar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Diamond Bar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,820 |
| EXPENSES | Loan Payment | -$2,656 |
| Property Tax | -$780 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
-$825
|
||
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.
$720,000
PROJECTED PRICE
$2,820
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$196,550
LOAN DETAILS
$2,656
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $180,000 |
| Loan Amount | $540,000 |
1.08
YEARS SAVED
$3,825
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,820
LIST RENT -
$1.57
LIST RENT PER SQFT
-
$2,870
COMP ESTIMATED VALUE -
$1.6
COMP AVG. RENT PER SQFT
Comps Range
-
361 Gunsmoke Drive Diamond Bar, CA 5
- 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $2,820
- $1.57
-
23625 Palomino Drive Diamond Bar, CA 1
- 4 beds 3 baths ∙ 1,620 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,620 Sqft ∙ Built 1961
LEASED 02/19/20- Rent
- Rent Per SQFT
- $2,650
- $1.64
-
335 S Rock River Road Diamond Bar, CA 2
- 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1970
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,700
- $1.61
-
23641 Palomino Drive Diamond Bar, CA 3
- 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1961
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,750
- $1.68
-
271 N Rock River Drive N Diamond Bar, CA 4
- 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 1973
LEASED 11/24/20- Rent
- Rent Per SQFT
- $2,800
- $1.48
PROPERTY LISTING DETAILS
Fusion One Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IV20260392
Last Updated: 12/19/2020
