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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $540.40
- 4 Days on Market
- MLS # : CV21014152
- Updated Date : 01/23/2021 at 11:23
CONSTRUCTION
- Beds : 3
- Floor Size : 990 sqft
- Baths : 2 full
Listing Agent
The Skye Group Inc.
Listing Agent's Description
This absolutely perfect single story family home, has not been on the market in over 54 years, available now, seller moving on to next chapter, this is your chance. This 3 bedroom, 2 bathroom home boasts a huge lot, perfect for near future additions, a pool or simply hanging out with your family. The backyard is over-sized and is lines with tons of gorgeous trees. Home has a long driveway that leads to your private 2-car garage. Lush green landscaping, newer flooring inside, freshly painted cabinets with new hardware, water filtration system in kitchen, newer tankless water heater, great curb appeal, sun room, roof appears new. Ready for its next family now. Shown for a very limited time only, please act now.
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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: San Dimas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Dimas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,858 |
| Property Tax | -$564 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$106 | |
|
CASH FLOW
-$410
|
||
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.
$535,000
PROJECTED PRICE
$2,170
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 7.0% |
| 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
$147,525
LOAN DETAILS
$1,858
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $133,750 |
| Loan Amount | $401,250 |
2.25
YEARS SAVED
$8,648
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$2.19
LIST RENT PER SQFT
-
$1,904
COMP ESTIMATED VALUE -
$1.92
COMP AVG. RENT PER SQFT
Comps Range
-
606 Pearlanna Drive San Dimas, CA 1
- 3 beds 2 baths ∙ 990 Sqft ∙ Built 1955 3 beds 2 baths ∙ 990 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $2,170
- $2.19
-
338 W 4th Street San Dimas, CA 2
- 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1952
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,200
- $1.93
-
308 S Loraine Avenue Glendora, CA 3
- 4 beds 1 baths ∙ 1,222 Sqft ∙ Built 1954 4 beds 1 baths ∙ 1,222 Sqft ∙ Built 1954
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,350
- $1.92
-
1258 Saint Vladimir Street Glendora, CA 4
- 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1974
LEASED 08/07/19- Rent
- Rent Per SQFT
- $2,500
- $1.92
PROPERTY LISTING DETAILS
The Skye Group Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21014152
Last Updated: 01/23/2021
