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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $478.78
- 31 Days on Market
- MLS # : DW20255001
- Updated Date : 12/11/2020 at 12:30
CONSTRUCTION
- Beds : 4
- Floor Size : 1,932 sqft
- Baths : 3 full
Listing Agent
Expert Realty
Listing Agent's Description
AMAZING completely remodeled turnkey hilltop POOL home with views! Imagine coming home after a long day from the office and taking a quick swim or relaxing in the heated Jacuzzi. Maybe even read a book in the living room with a fireplace to unwind after those long winter days. Surround yourself with comfort with a Brand New European Kitchen, Quartz countertops, new stainless steel appliances, Luxury Vinyl Plank waterproof flooring, all new low VOC paint throughout, all LED lighting, Brand new bathroom vanities with marble and quartz, new toilets, copper repipe and the list goes on...New AC compressor, brand new heater, ducts. Move right in with this fresh new commuter friendly home with nearby parks and schools. It’s a brand new home inside! It doesn’t get any fresher and cleaner than this. You don’t want to miss this house!
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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)
- 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: 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 | $3,110 |
| EXPENSES | Loan Payment | -$3,213 |
| Property Tax | -$997 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$152 | |
|
CASH FLOW
-$1,326
|
||
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.
$925,000
PROJECTED PRICE
$3,110
PROJECTED RENT
0.34%
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
$250,875
LOAN DETAILS
$3,213
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $231,250 |
| Loan Amount | $693,750 |
0.25
YEARS SAVED
$181
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,110
LIST RENT -
$1.61
LIST RENT PER SQFT
-
$2,879
COMP ESTIMATED VALUE -
$1.49
COMP AVG. RENT PER SQFT
Comps Range
-
534 Looking Glass Drive Diamond Bar, CA 5
- 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $3,110
- $1.61
-
10 Falcon Ridge Drive Phillips Ranch, CA 1
- 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1985
![property image]()
LEASED 09/03/20- Rent
- Rent Per SQFT
- $2,600
- $1.33
-
15 Silverwood Lane Pomona, CA 2
- 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 1985
![property image]()
LEASED 12/06/20- Rent
- Rent Per SQFT
- $2,800
- $1.57
-
28 Falcon Ridge Drive Phillips Ranch, CA 3
- 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1983
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,900
- $1.49
-
26 Oak Cliff Drive Phillips Ranch, CA 4
- 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 1984
![property image]()
LEASED 12/22/19- Rent
- Rent Per SQFT
- $3,000
- $1.57
PROPERTY LISTING DETAILS
Expert Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: DW20255001
Last Updated: 12/11/2020
