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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $325.07
- 3 Days on Market
- MLS # : CV21034825
- Updated Date : 02/20/2021 at 10:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,815 sqft
- Baths : 1 full , 1 half
Listing Agent
Exp Realty Of California Inc
Listing Agent's Description
WELCOME TO 5490 ROSEWOOD ST! This property is located on a corner lot and has been professionally landscaped with a wrought iron fencing perimeter including two automatic driveway gates. CHECKOUT THE OASIS BACKYARD, with an in-ground POOL/SPA, built-in BBQ island with a refrigerator, sink, and an additional island with built-in ice chests! The interior floor plan is PERFECT FOR A GUEST/MOTHER IN LAW QUARTERS and offers a large living room and dining area with a built-in china hutch. The kitchen has been remodeled with Thermofoil cabinets, granite countertops and even has a kitchen island with seating. The rear bedroom has its own bath and entrance. But the HIDDEN TRUTH is the MECHANICS/WORKSHOP GARAGE that has an air compressor, water, three 220 volt outlets, and hoist. Other features include a huge family room with a free-standing wood fireplace and built-in cabinets, energy-efficient dual pane windows, a master bedroom suite with an en suite bath including a spa tub, and much more! BETTER HURRY OR THIS ONE WILL BE GONE!
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MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Montclair
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Montclair
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$2,049 |
| Property Tax | -$542 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$150 | |
|
CASH FLOW
-$263
|
||
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.
$590,000
PROJECTED PRICE
$2,550
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.41% |
| 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
$162,100
LOAN DETAILS
$2,049
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $147,500 |
| Loan Amount | $442,500 |
3.25
YEARS SAVED
$15,987
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$1.4
LIST RENT PER SQFT
-
$2,682
COMP ESTIMATED VALUE -
$1.48
COMP AVG. RENT PER SQFT
Comps Range
-
5490 Rosewood Street Montclair, CA 4
- 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $2,550
- $1.40
-
904 Hollowell Street Ontario, CA 1
- 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1952
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,300
- $1.44
-
1347 Deodar Ontario, CA 2
- 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,300
- $1.49
-
10026 Marion Avenue Montclair, CA 3
- 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 1961
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.57
-
1515 W Berkeley Court Ontario, CA 5
- 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1956
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,600
- $1.41
PROPERTY LISTING DETAILS
Exp Realty Of California Inc
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21034825
Last Updated: 02/20/2021
