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527 Deep Hill Road Diamond Bar, CA 91765

3 Beds 2 Baths 1,449 sqft Built 1976

$649,900

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $448.52
  • 4 Days on Market
  • MLS # : CV20236496
  • Updated Date : 11/19/2020 at 12:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,449 sqft
  • Baths : 2 full
Listing Agent

Affinity Financial Group, Inc.

Listing Agent's Description

Look no further, your forever home is here. This gorgeous 3 bedroom 2 bath pool home with bonus room on a quiet cul-de-sac like street in Diamond Bar is a MUST SEE! The property features an open and airy floor plan that's perfect for entertaining family and guests. The entry, great room, dining room, kitchen and hallway ALL have newer wood laminate flooring and modern light fixtures, the kitchen has beautiful white cabinets, granite countertops, ample counter/cabinet space, and recessed lighting, the master suite is good-sized with a walk-in closet, the laundry area is conveniently located in the hall, the bonus room is perfect for a home office, den, or exercise room, and the huge back yard with pool/spa is ready for barbeques, fun, and festivities. Other features include energy efficient dual pane windows, newer exterior paint, new water heater, and much much more. This home is centrally located near freeways (2 min drive to CA-57 S, 5 min drive to CA-60 W, 7 min drive to I-10 W), schools (3 min drive to Armstrong Elementary), golf (6 min drive to Diamond Bar Golf Course), parks (5 min drive Sycamore Canyon Park and Carlton J. Peterson Park), shopping centers, food, and entertainment.

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
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,398
Property Tax -$704
Property Insurance -$62
Property Management Fees -$123
CASH FLOW
-$786

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.

$649,900

PROJECTED PRICE

$2,500

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $2,655

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,5504$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 527 Deep Hill Road Diamond Bar, CA 2
    • 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.73
    •  
  • 23728 Decorah Road Diamond Bar, CA 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1964
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.85
    •  
  • 215 N Palo Cedro Drive Diamond Bar, CA 3
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1969
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.87
    •  
  • 136 Red Cloud Drive Diamond Bar, CA 4
    • 4 beds 2 baths ∙ 1,489 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,489 Sqft ∙ Built 1973
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.75
    •  
  • 141 N Prospectors Road Diamond Bar, CA 5
    • 4 beds 2 baths ∙ 1,427 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,427 Sqft ∙ Built 1966
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.86
    •  
PROPERTY LISTING DETAILS
Cameron Ek
Affinity Financial Group, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20236496
Last Updated: 11/19/2020
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