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754 Puma Canyon Lane Glendora, CA 91740

4 Beds 3 Baths 2,304 sqft Built 1965

$899,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $390.19
  • 4 Days on Market
  • MLS # : IG20237983
  • Updated Date : 11/12/2020 at 10:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,304 sqft
  • Baths : 3 full
Listing Agent

Kw Vision

Listing Agent's Description

Beautiful Colonial style home in the serene winding hills of South Glendora. Home is situated on a sprawling lot with excellent curb appeal and exceptional privacy. This 4 bedroom 3 bath home has a terrific floor plan. Downstairs includes the living room, dining room, an eat-in kitchen that opens to the family room, 3/4 bath and the direct access garage. Both the living room and kitchen/family room have sliding doors to the backyard. Upstairs you will find four bedrooms, including a master suite, and a 3rd bathroom. The front bedroom has french door access to a big balcony with a lovely view. The exceptionally private backyard features a huge patio, fire pit, built-in BBQ and water feature with pond. A perfect space for entertaining and outdoor dining. Roof is only 5 years old, copper plumbing and the kitchen and bathrooms have all been updated. Wood and tile floors throughout. This is a great family home in the highly ranked Glendora School District. Minutes from Route 66 and the 210 and 57 Freeways this location can't be beat.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Glendora

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Glendora

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $16233697

* 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
Sutherland Elementary School Primary Regular 575 21 8
Goddard Middle School Middle Regular 915 35 8
Glendora High School High Regular 2,597 91 9

Sutherland Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 21
8
GreatSchools Rating

Goddard Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 35
8
GreatSchools Rating

Glendora High School

  • Education Level: High
  • # of students: 2,597
  • # of teachers: 91
9
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$3,317
Property Tax -$881
Property Insurance -$83
Property Management Fees -$158
CASH FLOW
-$1,209

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.

$899,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.9%
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$15k

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,307

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $3,191

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,8003$3,2304$3,3005$3,950
$3,950
RENT COMPS ANALYSIS
  • 754 Puma Canyon Lane Glendora, CA 3
    • 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $1.40
    •  
  • 1207 Heather Street Glendora, CA 1
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1965 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1965
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.28
    •  
  • 103 S Treanor Avenue Glendora, CA 2
    • 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 1953 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 1953
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.28
    •  
  • 1004 Coronet Street Glendora, CA 4
    • 3 beds 2 baths ∙ 2,296 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,296 Sqft ∙ Built 1962
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.44
    •  
  • 245 Verdugo Avenue Glendora, CA 5
    • 5 beds 4 baths ∙ 2,566 Sqft ∙ Built 1983 5 beds 4 baths ∙ 2,566 Sqft ∙ Built 1983
    property image
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.54
    •  
PROPERTY LISTING DETAILS
Lisa Stein
Kw Vision
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20237983
Last Updated: 11/12/2020
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