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4225 Via Angelo Montclair, CA 91763

3 Beds 4 Baths 2,134 sqft Built 2010

INVESTimate

$496,900

List Price

$2,280

$2,052 - $2,508

Rent Est.

$532,677  ( +7.20%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $232.85
  • 4 Days on Market
  • MLS # : WS20172930
  • Updated Date : 08/24/2020 at 21:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,134 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jyg Royal Investment Co

Listing Agent's Description

Beautiful, Turn-key condition by builder Taylor Woodrow Homes in the GATED community of Bellafina. This beautiful CORNER LOT- three level detached PUD home features 3 bedrooms, 3.5 baths. 2 car garage with direct access. The third floor has an additional loft with a private door access, which can be a 4th BEDROOM (2nd MASTER SUITE)!! Cozy kitchen with upgraded granite counter tops, stainless steel appliances, The house features tiles and carpet, recessed lighting, dual pane windows with window blinds, Central A/C & heating, Jack & Jill bathroom, indoor laundry and a master suite with a walk-in closet and a small balcony that allows you to look out the neighborhood!! A MUST SEE home with many upgrades! No Mello Roos! Low HOA is only $130/month, which includes gate, parks, nightly security patrol, playground, picnic tables and BBQ area, perfect to entertain guests. 10 mins drive to COSTCO. Centrally located to Montclair Plaza & various shopping centers, dining, Ontario Airport, hospitals, the freeways 10/57/60/71, schools and universities such as La Verne University/Pomona Collage/Clairmont College. Good for own residence or investment! THIS WILL GO FAST!!

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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)
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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)
  • 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]
  • 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)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Montclair

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k497k

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

Neighborhood: Montclair

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21000110012001300140015001600170018001900200021002200Rent in $9112210

* 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
Lehigh Elementary School Primary Regular 773 32 5
Serrano Middle School Middle Regular 769 39 7
Montclair High School High Regular 3,034 117 6

Lehigh Elementary School

  • Education Level: Primary
  • # of students: 773
  • # of teachers: 32
5
GreatSchools Rating

Serrano Middle School

  • Education Level: Middle
  • # of students: 769
  • # of teachers: 39
7
GreatSchools Rating

Montclair High School

  • Education Level: High
  • # of students: 3,034
  • # of teachers: 117
6
GreatSchools Rating
 

$447,210$546,590$496,900

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,833
Property Tax -$456
Property Insurance -$79
HOA -$130
Property Management Fees -$135
CASH FLOW
-$353

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.

$496,900

PROJECTED PRICE

$2,280

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 7.20%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,429

INVESTMENT

$137,429

Down Payment
$124,225
Rehab Estimate
$5,750
Closing Costs
$7,454

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,833

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,225
Loan Amount $372,675
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,034

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,305

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2803$2,3004$2,4805$2,500
$2,500
RENT COMPS ANALYSIS
  • 4225 Via Angelo Montclair, 2
    • 3 beds 4 baths ∙ 2,134 Sqft ∙ Built 2010 3 beds 4 baths ∙ 2,134 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.07
    •  
  • 1170 E Grand Avenue Pomona, 1
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2008
    property image
    LEASED 03/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.11
    •  
  • 4226 Via Angelo Montclair, 3
    • 4 beds 4 baths ∙ 2,303 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,303 Sqft ∙ Built 2010
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
  • 4620 Rawhide Street Montclair, 4
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2006
    property image
    LEASED 07/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.07
    •  
  • 4638 Kingsley Street Montclair, 5
    • 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 1997
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.14
    •  
PROPERTY LISTING DETAILS
Lian Liu
Jyg Royal Investment Co
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20172930
Last Updated: 08/24/2020
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