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8 Deer Creek Road Pomona, CA 91766

4 Beds 3 Baths 1,984 sqft Built 1980

$684,100

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $344.81
  • 3 Days on Market
  • MLS # : SR21039950
  • Updated Date : 02/26/2021 at 09:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,984 sqft
  • Baths : 2 full , 1 half
Listing Agent

Johnhart Corp.

Listing Agent's Description

Beautiful 4 bedroom, 3 bathroom home located in the highly desirable neighborhood of Phillips Ranch! This home will turn your head with its gorgeous curb appeal and red brick steps leading to the entrance. We‘re welcomed in by a gorgeous chandelier, cathedral ceilings, natural light flooding through the large windows, and plush cream-colored carpet throughout the home. Craft culinary masterpieces in the open kitchen featuring granite countertops, black and stainless steel appliances, and an abundance of oak kitchen cabinets. Directly across is the formal dining area with a fireplace, perfect for cozy gatherings and a half bathroom perfect for guests to use. As we head upstairs we find the primary bedroom with en-suite bathroom, features a walk-in closet, large balcony and an oversized shower/tub combo complemented with sleek gray tile. The 3 other bedrooms are sun-lit and evenly spaced for extra privacy with a full bathroom with shower/tub combo located conveniently closeby. Last but not least, step outside into the backyard and immerse in a tranquil oasis designed for entertaining! Just minutes away from nearby shopping, restaurants, freeway access to the 71, 60,57,10, and 210, this home is turn-key and won’t last long!

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: Pomona

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $138k622k

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

Neighborhood: Pomona

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q214001600180020002200240026002800Rent in $12562941

* 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
 

$615,690$752,510$684,100

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,376
Property Tax -$766
Property Insurance -$75
Property Management Fees -$131
CASH FLOW
-$678

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.

$684,100

PROJECTED PRICE

$2,670

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.35%
Appreciation Year (1-5) 7.8%
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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,037

INVESTMENT

$187,037

Down Payment
$171,025
Rehab Estimate
$5,750
Closing Costs
$10,262

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,376

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,025
Loan Amount $513,075
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,773

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,475
1$2,4752$2,6003$2,6704$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 8 Deer Creek Road Pomona, CA 3
    • 4 beds 3 baths ∙ 1,984 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,984 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.35
    •  
  • 34 N Slope Lane Phillips Ranch, CA 1
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1980
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.23
    •  
  • 10 Falcon Ridge Drive Phillips Ranch, CA 2
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1985
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 11 Quail Summit Circle Phillips Ranch, CA 4
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1980
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.54
    •  
  • 28 Falcon Ridge Drive Phillips Ranch, CA 5
    • 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1983
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.49
    •  
PROPERTY LISTING DETAILS
John Maseredjian
Johnhart Corp.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SR21039950
Last Updated: 02/26/2021
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