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PROPERTY INFO
FACTS
- Single Family
- Built In 1952
- Price/Sqft : $432.89
- 4 Days on Market
- MLS # : CV21033808
- Updated Date : 02/20/2021 at 12:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,663 sqft
- Baths : 1 full , 1 half
Listing Agent
Re/max Champions
Listing Agent's Description
Exclusive Listing Pics are not found online.
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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)
- 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]
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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'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: Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,570 |
| EXPENSES | Loan Payment | -$2,500 |
| Property Tax | -$759 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$126 | |
|
CASH FLOW
-$883
|
||
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.
$719,888
PROJECTED PRICE
$2,570
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.48% |
| Appreciation Year (1-5) | 10.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.69% |
| 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
$196,520
LOAN DETAILS
$2,500
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $179,972 |
| Loan Amount | $539,916 |
0.42
YEARS SAVED
$1,049
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,570
LIST RENT -
$1.55
LIST RENT PER SQFT
-
$2,619
COMP ESTIMATED VALUE -
$1.58
COMP AVG. RENT PER SQFT
Comps Range
-
706 Vassar Drive Claremont, CA 5
- 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1952
![property image]()
- Rent
- Rent Per SQFT
- $2,570
- $1.55
-
1087 Terryview Avenue Pomona, CA 1
- 3 beds 1 baths ∙ 1,325 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,325 Sqft ∙ Built 1963
![property image]()
LEASED 09/09/20- Rent
- Rent Per SQFT
- $2,100
- $1.58
-
1931 Wildrose Avenue Pomona, CA 2
- 3 beds 1 baths ∙ 1,551 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,551 Sqft ∙ Built 1954
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,350
- $1.52
-
442 S College Avenue Claremont, CA 3
- 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 1959
![property image]()
LEASED 02/13/20- Rent
- Rent Per SQFT
- $2,500
- $1.54
-
227 Marywood Avenue Claremont, CA 4
- 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1964
![property image]()
LEASED 12/02/20- Rent
- Rent Per SQFT
- $2,500
- $1.66
PROPERTY LISTING DETAILS
Re/max Champions
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21033808
Last Updated: 02/20/2021
