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361 Gunsmoke Drive Diamond Bar, CA 91765

3 Beds 2 Baths 1,791 sqft Built 1975

$720,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
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!

SEE MORE

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

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
Armstrong Elementary School Primary Regular 415 15 6
Armstrong Elementary School Middle Regular 415 15 6
Diamond Ranch High School High Regular 1,791 70 7

Armstrong Elementary School

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 15
6
GreatSchools Rating

Armstrong Elementary School

  • Education Level: Middle
  • # of students: 415
  • # of teachers: 15
6
GreatSchools Rating

Diamond Ranch High School

  • Education Level: High
  • # of students: 1,791
  • # of teachers: 70
7
GreatSchools Rating
 

$648,000$792,000$720,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

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

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$15k

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$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

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
$2,650
1$2,6502$2,7003$2,7504$2,8005$2,820
$2,820
RENT COMPS ANALYSIS
  • 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
Roberto Olivas
Fusion One Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20260392
Last Updated: 12/19/2020
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