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5541 Yale Street Montclair, CA 91763

4 Beds 3 Baths 2,233 sqft Built 1959

$600,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $268.70
  • 3 Days on Market
  • MLS # : TR20239692
  • Updated Date : 11/13/2020 at 18:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,233 sqft
  • Baths : 3 full
Listing Agent

King Realty Group Inc

Listing Agent's Description

Located in a highly desired Montclair neighborhood, this beautifully remodeled home is ready for you to move in! Upon entering you will appreciate the spacious family room with a warm brick fireplace, perfect for relaxing. The sleek dine-in kitchen has been updated with modern touches including center island cook top with down draft and stainless steel appliances. First floor features 3 secondary bedrooms, 2 full baths and laundry room. Upstairs has 1 additional secondary bedroom plus the master suite, featuring dual sink vanity, separate walk-in shower and floor to ceiling mirrored custom closet. The rear yard has the detached 2-car garage and offers plenty of room to entertain. You don't want to miss the opportunity to make this your Dream Home!

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)
  • 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
El Camino Elementary School Primary Regular 460 20 5
El Camino Elementary School Middle Regular 460 20 5
Montclair High School High Regular 3,034 117 6

El Camino Elementary School

  • Education Level: Primary
  • # of students: 460
  • # of teachers: 20
5
GreatSchools Rating

El Camino Elementary School

  • Education Level: Middle
  • # of students: 460
  • # of teachers: 20
5
GreatSchools Rating

Montclair High School

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

$540,000$660,000$600,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,214
Property Tax -$551
Property Insurance -$81
Property Management Fees -$155
CASH FLOW
-$371

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.

$600,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$15k

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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,769

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,630
1$2,6302$2,800
$2,800
RENT COMPS ANALYSIS
  • 5541 Yale Street Montclair, CA 1
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.18
    •  
  • 5561 Cambridge Street Montclair, CA 2
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1962
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.24
    •  
PROPERTY LISTING DETAILS
John Balsz
King Realty Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20239692
Last Updated: 11/13/2020
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