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642 S Donna Beth Avenue West Covina, CA 91791

3 Beds 2 Baths 1,292 sqft Built 1955

$650,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $503.10
  • 6 Days on Market
  • MLS # : CV20260185
  • Updated Date : 12/26/2020 at 11:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,292 sqft
  • Baths : 2 full
Listing Agent

Re/max Masters Realty

Listing Agent's Description

Location! Location!Location! This beautiful upgraded SINGLE-STORY home located in a quiet cul-de-sac of West Covina. Pride of ownership!!! It features 3BR and 2BA plus 2 car garage attached. Very cozy floor plan with hardwood flooring throughout. Living room with fireplace and large windows bring the nature light. Upgraded kitchen with granite countertops and stainless appliance. Newer central A/C, all new copper plumbing,Tankless hot water heater, new windows and roof was replaced 4 years ago. Private backyard w/ large alumawood insulated covered patio with 2 attached fans and built-in BBQ. Long concrete driveway for extra parkings. Close to shopping center, restaurants, parks , porto’s bakery cafe, West Covina Mall, schools, parks and easy exit to 10 & 60 freeways. Cal-Poly Pomona and MT. San Antonio College just few minutes away. TURNKEY!

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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: Azusa-Cameron

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $184k856k

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

Neighborhood: Azusa-Cameron

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15053697

* 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
Vine Elementary School Primary Regular 549 24 7
Hollencrest Middle School Middle Regular 774 30 7
Edgewood High School High Regular 831 33 7

Vine Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 24
7
GreatSchools Rating

Hollencrest Middle School

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 30
7
GreatSchools Rating

Edgewood High School

  • Education Level: High
  • # of students: 831
  • # of teachers: 33
7
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,398
Property Tax -$658
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$804

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.

$650,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.05%
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-$15k-$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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,005

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $2,148

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,4302$2,5503$2,5504$2,5955$2,600
$2,600
RENT COMPS ANALYSIS
  • 642 S Donna Beth Avenue West Covina, CA 1
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.88
    •  
  • 2148 Cameron Avenue E West Covina, CA 2
    • 3 beds 1 baths ∙ 1,609 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,609 Sqft ∙ Built 1963
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.58
    •  
  • 1618 E Shamwood Street West Covina, CA 3
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1951
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.62
    •  
  • 1305 E Larkwood Street West Covina, CA 4
    • 4 beds 3 baths ∙ 1,578 Sqft ∙ Built 1951 4 beds 3 baths ∙ 1,578 Sqft ∙ Built 1951
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.64
    •  
  • 411 S Cherrywood Street West Covina, CA 5
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1953
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.81
    •  
PROPERTY LISTING DETAILS
Jenny Xu
Re/max Masters Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20260185
Last Updated: 12/26/2020
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