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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $349.26
- 3 Days on Market
- MLS # : PW20260213
- Updated Date : 12/19/2020 at 08:48
CONSTRUCTION
- Beds : 5
- Floor Size : 2,777 sqft
- Baths : 3 full
Listing Agent
Robert Bonito, Broker
Listing Agent's Description
North Country PRIDE OF OWNERSHIP! Original owners started a massive update until they decided to retire and move closer to family. Large Formal Living room entry with amazing oversized flooring throughout the downstairs. Through the living room you will notice the Modern Kitchen and higher end appliances designed for a chef and ready to entertain family and friends! Custom cabinetry follows through to the wet bar with a wine refrigerator to compliment the rest of the appliances and even into the laundry room. The downstairs bathroom has been updated to finish off the downstairs projects for years to come. The upstairs was the next project and very original for you to add your own touches. New Dual Heating/AC. Master Bedroom and En Suite are in their own quite spot with 3 oversized bedrooms and the 5th Bedroom could be anything you can imagine with a walk in closet and a separate wet bar. Minutes walk to Award Winning Pantera Elementary School and Pantera Park and short drive to shopping, golf and freeways. NO HOA and low tax rate....The PERFECT PLACE TO CALL HOME!
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MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Diamond Bar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Diamond Bar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,750 |
| EXPENSES | Loan Payment | -$3,579 |
| Property Tax | -$1,011 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$184 | |
|
CASH FLOW
-$1,117
|
||
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.
$969,900
PROJECTED PRICE
$3,750
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 3.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.05% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$262,774
LOAN DETAILS
$3,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $242,475 |
| Loan Amount | $727,425 |
1.08
YEARS SAVED
$5,184
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,750
LIST RENT -
$1.35
LIST RENT PER SQFT
-
$3,714
COMP ESTIMATED VALUE -
$1.34
COMP AVG. RENT PER SQFT
Comps Range
-
646 Boxcove Place Diamond Bar, CA 4
- 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $3,750
- $1.35
-
765 Featherwood Drive Diamond Bar, CA 1
- 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 1986
![property image]()
LEASED 10/11/19- Rent
- Rent Per SQFT
- $3,100
- $1.24
-
628 Farben Drive Diamond Bar, CA 2
- 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1974
![property image]()
LEASED 07/06/19- Rent
- Rent Per SQFT
- $3,400
- $1.38
-
659 Pantera Drive Diamond Bar, CA 3
- 5 beds 2 baths ∙ 2,777 Sqft ∙ Built 1989 5 beds 2 baths ∙ 2,777 Sqft ∙ Built 1989
![property image]()
LEASED 06/08/20- Rent
- Rent Per SQFT
- $3,600
- $1.30
-
1054 Jason Place Diamond Bar, CA 5
- 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 1987
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $4,200
- $1.43
PROPERTY LISTING DETAILS
Robert Bonito, Broker
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20260213
Last Updated: 12/19/2020
