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763 Sandy Hook Avenue La Puente, CA 91744

3 Beds 2 Baths 1,254 sqft Built 1955

$548,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1955
  • Price/Sqft : $437.00
  • 4 Days on Market
  • MLS # : TR20233481
  • Updated Date : 11/05/2020 at 08:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,254 sqft
  • Baths : 2 full
Listing Agent

Homecoin.com

Listing Agent's Description

This home is in a very desirable area of La Puente conveniently located close to shopping, school and freeway. The house has an ideal layout with 3 bedroom, 2 baths, kitchen and a two-car garage. Backyard is big perfect for entertainment.

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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)
  • 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: West Puente Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $143k622k

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

Neighborhood: West Puente Valley

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $13252941

* 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
Sparks Elementary School Primary Regular 513 20 4
Sparks Middle School Middle Regular 476 22 5
La Puente High School High Regular 1,403 54 6

Sparks Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 20
4
GreatSchools Rating

Sparks Middle School

  • Education Level: Middle
  • # of students: 476
  • # of teachers: 22
5
GreatSchools Rating

La Puente High School

  • Education Level: High
  • # of students: 1,403
  • # of teachers: 54
6
GreatSchools Rating
 

$493,200$602,800$548,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$2,022
Property Tax -$582
Property Insurance -$57
Property Management Fees -$111
CASH FLOW
-$503

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.

$548,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.14%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,970

INVESTMENT

$150,970

Down Payment
$137,000
Rehab Estimate
$5,750
Closing Costs
$8,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,000
Loan Amount $411,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $2,367

    COMP ESTIMATED VALUE
  • $1.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,2803$2,3004$2,5005$2,650
$2,650
RENT COMPS ANALYSIS
  • 763 Sandy Hook Avenue La Puente, CA 1
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.81
    •  
  • 931 Glenshaw Drive La Puente, CA 2
    • 4 beds 2 baths ∙ 1,257 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,257 Sqft ∙ Built 1955
    property image
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.81
    •  
  • 15515 Mulvane Street La Puente, CA 3
    • 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1957
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.87
    •  
  • 730 Cabana Avenue La Puente, CA 4
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1956
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.91
    •  
  • 14535 Culp Street La Puente, CA 5
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1956
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.96
    •  
PROPERTY LISTING DETAILS
Jonathan Minerick
Homecoin.com
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20233481
Last Updated: 11/05/2020
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