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6 Quiet Hollow Road Phillips Ranch, CA 91766

3 Beds 2 Baths 1,817 sqft Built 1981

$674,888

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $371.43
  • 6 Days on Market
  • MLS # : CV20253399
  • Updated Date : 12/09/2020 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,817 sqft
  • Baths : 2 full
Listing Agent

Re/max Top Producers

Listing Agent's Description

Phillips Ranch MOST GORGEOUS Single Story home on a large lot nestled on a quiet cul de sac. Everything is absolutely beautiful from the second you drive up to this homes stunning curb appeal & end up in this home charming and enchanting huge backyard. This home is filled w/ warmth and class with its custom midcentury modern front door with sidelite, bamboo flooring, crown molding throughout, high profile baseboards, upgraded dual pane windows throughout, & elegant living room custom stained glass windows. Lovely open layout kitchen w/ upgraded granite countertops & cabinetry, stainless steel undermounted sink w/ single handle pull-down sprayer, and stainless steel appliances. Barstool nook seating off the kitchen overlooking the cozy family room w/ floor to ceiling fireplace. Make your way down the wide hallway down to the laundry room w/ ample enough room to fit any profile washer and dryer along w/ plenty of space for storage & linen shelving. The homes hallway bathroom has been completely remodeled. Two generous sized guest bedrooms lead you ultimately to the huge master bedroom suite complete w/ master bathroom, double sink vanity, ample size walk-in closet, and private room shower tub combination. Brand new Central A/C upgraded 1 year ago. Two upgraded dual pane sliders off the the Master Bedroom and family room take you out to a dream come true backyard. Family time in this enormous manicured backyard will never be better. HURRY, THIS HOME WILL NOT LAST. WELCOME HOME.

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MARKET HIGHLIGHTS

  • 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)
  • 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]

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
Decker Elementary School Primary Regular 528 21 4
Lorbeer Middle School Middle Regular 754 29 6
Diamond Ranch High School High Regular 1,791 70 7

Decker Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 21
4
GreatSchools Rating

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
 

$607,399$742,377$674,888

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,490
Property Tax -$744
Property Insurance -$71
Property Management Fees -$130
CASH FLOW
-$785

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.

$674,888

PROJECTED PRICE

$2,650

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,595

INVESTMENT

$184,595

Down Payment
$168,722
Rehab Estimate
$5,750
Closing Costs
$10,123

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,722
Loan Amount $506,166
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,487

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $2,726

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,6003$2,6504$2,6505$2,800
$2,800
RENT COMPS ANALYSIS
  • 6 Quiet Hollow Road Phillips Ranch, CA 4
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.46
    •  
  • 25 Edgebrook Drive Phillips Ranch, CA 1
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 1981
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.38
    •  
  • 46 Rising Hill Road Phillips Ranch, CA 2
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1980
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.59
    •  
  • 1 Rolling Hills Drive Phillips Ranch, CA 3
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1979
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.49
    •  
  • 11 Quail Summit Circle Phillips Ranch, CA 5
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1980
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.54
    •  
PROPERTY LISTING DETAILS
John Algattas
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20253399
Last Updated: 12/09/2020
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