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5019 Cogswell Road El Monte, CA 91732

3 Beds 2 Baths 1,100 sqft Built 1959

$575,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $522.73
  • 4 Days on Market
  • MLS # : PW20236946
  • Updated Date : 11/12/2020 at 09:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,100 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max College Park Realty

Listing Agent's Description

Wonderful El Monte home, located on a premium oversized 7,399 square foot lot, provides a 2 car detached garage, RV parking, a huge driveway & backyard, and is filled with quality upgrades and amenities such as a Timberline Reflective Cool dimensional composition roof that was just installed in 2017 that comes complete with a 50 year warranty, dual pane vinyl windows, upgraded electrical panel, remodeled kitchen & bathrooms, Rudd Silhouette 2 forced air heating system, Goodman central air conditioning system, fresh interior paint, raised panel doors, and brand new carpet ! The possibilities are endless! Spacious living room and formal dining room. Remodeled kitchen is fully equipped with solid surface counters, lots of cabinetry, microwave oven, oven/stove, a refrigerator, and tile flooring. Remodeled main bathroom offers a tub/shower, pedestal sink, beveled glass mirrored medicine cabinet, and tile flooring. Separate inside laundry room offers additional cabinetry. Fresh modern grey interior paint and carpet. Massive backyard provides room for just about anything you would like to do! Add another unit, install a pool, organic garden, etc., are just a few of the possibilities!

SEE MORE

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: Norwood Cherrylee

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $153k622k

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

Neighborhood: Norwood Cherrylee

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21700180019002000210022002300240025002600270028002900Rent in $16122941

* 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
Cherrylee Elementary School Primary Regular 443 19 7
Durfee Elementary School Middle Regular 1,059 42 7
Arroyo High School High Regular 2,301 92 7

Cherrylee Elementary School

  • Education Level: Primary
  • # of students: 443
  • # of teachers: 19
7
GreatSchools Rating

Durfee Elementary School

  • Education Level: Middle
  • # of students: 1,059
  • # of teachers: 42
7
GreatSchools Rating

Arroyo High School

  • Education Level: High
  • # of students: 2,301
  • # of teachers: 92
7
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,122
Property Tax -$710
Property Insurance -$54
Property Management Fees -$110
CASH FLOW
-$755

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$575,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
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-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $2.04

    LIST RENT PER SQFT
  • $2,021

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2004$2,2405$2,250
$2,250
RENT COMPS ANALYSIS
  • 5019 Cogswell Road El Monte, CA 4
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $2.04
    •  
  • 4845 Standell Avenue El Monte, CA 1
    • 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1961
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.80
    •  
  • 12248 Mulhall Street El Monte, CA 2
    • 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1975
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.71
    •  
  • 11549 Cherrylee Drive El Monte, CA 3
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1964
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.92
    •  
  • 11324 Ranchito Street El Monte, CA 5
    • 3 beds 2 baths ∙ 1,171 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,171 Sqft ∙ Built 1962
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.92
    •  
PROPERTY LISTING DETAILS
Bob Shutts
Re/max College Park Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20236946
Last Updated: 11/12/2020
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