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6 Deer Creek Road Pomona, CA 91766

3 Beds 2 Baths 1,516 sqft Built 1980

$599,998

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $395.78
  • 6 Days on Market
  • MLS # : OC21037978
  • Updated Date : 02/25/2021 at 13:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,516 sqft
  • Baths : 2 full
Listing Agent

Rubio Real Estate

Listing Agent's Description

6 Deer Creek Road is a completely remodeled single story home in the highly desired Phillips Ranch community. This home is completely upgraded with newer flooring, recessed lighting, cabinets, dual pane windows, A/C, cathedral ceilings and finishes such as granite counter tops, travertine floors, all with an open floor layout. This home is perfect for someone who wants safety and privacy with a fence and a ring security system ideal for kids, pets or from having people come unannounced. The location is ideal for hiking, biking, walking or shopping. Neary by is the Pomona Ranch & Rio Rancho Towne Center with many stores and restaurants. Just minutes away are the freeways including the 60, 57, 71, 10 and 210 freeways to navigate through to LA, OC, or the IE. Nearby there are two Metrolink Stations and close to Cal Poly Pomona & Mt. Sac colleges. Don’t miss out on the opportunity to get in a turnkey home in a fantastic location!

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MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12562941

* 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
Lorbeer Middle School Middle Regular 754 29 6
Diamond Ranch High School High Regular 1,791 70 7
Lorbeer Middle School Middle Unknown NA

Lorbeer Middle School

  • Education Level: Middle
  • # of students: 754
  • # of teachers: 29
6
GreatSchools Rating

Diamond Ranch High School

  • Education Level: High
  • # of students: 1,791
  • # of teachers: 70
7
GreatSchools Rating

Lorbeer Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$539,998$659,998$599,998

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$2,084
Property Tax -$672
Property Insurance -$64
Property Management Fees -$114
CASH FLOW
-$604

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.

$599,998

PROJECTED PRICE

$2,330

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
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$164,749

INVESTMENT

$164,749

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,338

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$2,330
1$2,3302$2,3503$2,5004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 6 Deer Creek Road Pomona, CA 1
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.54
    •  
  • 145 Brookmont Lane Pomona, CA 2
    • 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 1995
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.58
    •  
  • 31 Mountain Shadows Place Phillips Ranch, CA 3
    • 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 1984
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.48
    •  
  • 46 Rising Hill Road Phillips Ranch, CA 4
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1980
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.59
    •  
  • 147 Ashbrook Lane Pomona, CA 5
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1995
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.52
    •  
PROPERTY LISTING DETAILS
Christopher Rubio
Rubio Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21037978
Last Updated: 02/25/2021
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