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677 Shady Place Diamond Bar, CA 91765

4 Beds 3 Baths 2,005 sqft Built 1989

$948,888

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $473.26
  • 17 Days on Market
  • MLS # : PF21022478
  • Updated Date : 02/26/2021 at 13:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,005 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Amazing two-story view home located on a quiet cul-de-sac street. Not just a view home. The views are spectacular. This very well maintained and clean home provides comfortable living inside and outside. The large kitchen features granite counters and a sitting area with views. The open floor plan living room and dining rooms have wood floors, high ceilings, and natural light. You will enjoy the downstairs bedroom with an attached full bath for easy multi-generational living. Three bedrooms upstairs including the main suite with full bath ample closets and lovely canyon views. The very well maintained low maintenance backyard includes a gazebo with amazing views, newer artificial grass, and more. Do not miss your chance to own this very special home

SEE MORE

MARKET HIGHLIGHTS

  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (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)
  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Lorbeer Middle School Middle Regular 754 29 6
Diamond Ranch High School High Regular 1,791 70 7
Lorbeer Middle School Middle Unknown NA

Lorbeer Middle School

  • Education Level: Middle
  • # of students: 754
  • # of teachers: 29
6
GreatSchools Rating

Diamond Ranch High School

  • Education Level: High
  • # of students: 1,791
  • # of teachers: 70
7
GreatSchools Rating

Lorbeer Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$853,999$1,043,777$948,888

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$3,296
Property Tax -$902
Property Insurance -$76
Property Management Fees -$153
CASH FLOW
-$1,296

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.

$948,888

PROJECTED PRICE

$3,130

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,205

INVESTMENT

$257,205

Down Payment
$237,222
Rehab Estimate
$5,750
Closing Costs
$14,233

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,296

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,222
Loan Amount $711,666
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$428

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $3,118

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$3,0003$3,1304$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 677 Shady Place Diamond Bar, CA 3
    • 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.56
    •  
  • 718 Panhandle Drive Diamond Bar, CA 1
    • 4 beds 3 baths ∙ 1,881 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,881 Sqft ∙ Built 1974
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.54
    •  
  • 1060 Longview Drive Diamond Bar, CA 2
    • 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 1987
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.59
    •  
  • 674 Radbury Place Diamond Bar, CA 4
    • 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1990
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.50
    •  
  • 24347 Sunnycrest Court Diamond Bar, CA 5
    • 3 beds 3 baths ∙ 2,079 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,079 Sqft ∙ Built 1988
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.59
    •  
PROPERTY LISTING DETAILS
Robert Giambalvo
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PF21022478
Last Updated: 02/26/2021
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