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616 Colorado Circle Carson, CA 90745

3 Beds 4 Baths 1,776 sqft Built 2014

$719,900

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $405.35
  • 7 Days on Market
  • MLS # : 20650498
  • Updated Date : 10/30/2020 at 06:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,776 sqft
  • Baths : 4 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome home to this 3 bed 4 bath townhome with its own separate garage. A previous model home. The kitchen is equipped with stainless steel appliances and granite counters. Bright natural light throughout the unit. Plenty of natural light throughout the unit. Greatly located in a beautiful community.

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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Central Carson

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600kPrice in $174k622k

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

Neighborhood: Central Carson

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21600180020002200240026002800Rent in $14342941

* 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
Bonita Street Elementary School Primary Regular 515 22 4
Andrew Carnegie Middle School Middle Regular 915 46 3
Carson Senior High School High Regular 1,572 62 3

Bonita Street Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 22
4
GreatSchools Rating

Andrew Carnegie Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 46
3
GreatSchools Rating

Carson Senior High School

  • Education Level: High
  • # of students: 1,572
  • # of teachers: 62
3
GreatSchools Rating
 

$647,910$791,890$719,900

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$2,656
Property Tax -$792
Property Insurance -$70
Property Management Fees -$173
CASH FLOW
-$152

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.

$719,900

PROJECTED PRICE

$3,540

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$196,524

INVESTMENT

$196,524

Down Payment
$179,975
Rehab Estimate
$5,750
Closing Costs
$10,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,975
Loan Amount $539,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$51,674

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,540

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $3,676

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,5003$3,5004$3,540
$3,540
RENT COMPS ANALYSIS
  • 616 Colorado Circle Carson, CA 4
    • 3 beds 4 baths ∙ 1,776 Sqft ∙ Built 2014 3 beds 4 baths ∙ 1,776 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,540
    • $1.99
    •  
  • 22912 Serra Drive Carson, CA 1
    • 3 beds 3 baths ∙ 1,481 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,481 Sqft ∙ Built 2004
    property image
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.09
    •  
  • 22716 Meyler Street Torrance, CA 2
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2016
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.12
    •  
  • 704 Colorado Circle Carson, CA 3
    • 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 2016
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.00
    •  
PROPERTY LISTING DETAILS
Litta Lee
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20650498
Last Updated: 10/30/2020
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