Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1950
- Price/Sqft : $365.66
- 3 Days on Market
- MLS # : CV21014302
- Updated Date : 01/22/2021 at 08:05
CONSTRUCTION
- Beds : 4
- Floor Size : 1,846 sqft
- Baths : 2 full
Listing Agent
Re/max Champions
Listing Agent's Description
Single story home with back unit set up. Front of home is a 3 bed 1 bath, back is 1 bed 1 bath with enclosed patio and kitchen area. Fully landscaped, new exterior paint, new interior paint and flooring in back unit. Great set up for big family or those that want a separate unit.
SEE MORE
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: West Whittier-Los Nietos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Whittier-Los Nietos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,800 |
EXPENSES | Loan Payment | -$2,345 |
Property Tax | -$735 | |
Property Insurance | -$72 | |
Property Management Fees | -$137 | |
CASH FLOW
-$488
|
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.
$675,000
PROJECTED PRICE
$2,800
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.35% |
Appreciation Year (1-5) | 6.3% |
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
$184,625
LOAN DETAILS
$2,345
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $168,750 |
Loan Amount | $506,250 |
2.42
YEARS SAVED
$12,420
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,800
LIST RENT -
$1.52
LIST RENT PER SQFT
-
$3,078
COMP ESTIMATED VALUE -
$1.67
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Re/max Champions
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21014302
Last Updated: 01/22/2021