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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $343.81
- 2 Days on Market
- MLS # : WS21000626
- Updated Date : 01/02/2021 at 20:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,454 sqft
- Baths : 2 full
Listing Agent
Great Wall Realty, Inc.
MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Pomona
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pomona
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$551 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$105 | |
|
CASH FLOW
-$423
|
||
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.
$499,900
PROJECTED PRICE
$2,140
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
2.25
YEARS SAVED
$8,890
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$1.47
LIST RENT PER SQFT
-
$2,246
COMP ESTIMATED VALUE -
$1.55
COMP AVG. RENT PER SQFT
Comps Range
-
651 Muir Avenue Pomona, CA 2
- 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $2,140
- $1.47
-
1455 S Gibbs Street Pomona, CA 1
- 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 1990
![property image]()
LEASED 01/25/20- Rent
- Rent Per SQFT
- $2,050
- $1.52
-
145 Brookmont Lane Pomona, CA 3
- 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 1995
![property image]()
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,350
- $1.58
-
1735 Lockwood Lane Pomona, CA 4
- 4 beds 3 baths ∙ 1,639 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,639 Sqft ∙ Built 1995
![property image]()
LEASED 08/26/19- Rent
- Rent Per SQFT
- $2,450
- $1.49
-
46 Rising Hill Road Phillips Ranch, CA 5
- 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
PROPERTY LISTING DETAILS
Great Wall Realty, Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: WS21000626
Last Updated: 01/02/2021
