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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $440.78
- 5 Days on Market
- MLS # : CV21038776
- Updated Date : 02/26/2021 at 08:39
CONSTRUCTION
- Beds : 4
- Floor Size : 1,758 sqft
- Baths : 3 full
Listing Agent
Century 21 Experience
Listing Agent's Description
Welcome to this gorgeous two story beauty situated in a quiet neighborhood adjacent to the Walnut Creek Wilderness Park. Upon entering through the home’s double doors you will be dazzled by the living room’s vaulted ceilings, natural light, fireplace and plantation shutters. Updated kitchen with custom cabinets, granite counters, stainless steel appliances and a dining room with a view of the private backyard. Upstairs you will find 4 spacious bedrooms with ample closet space. The master bedroom is spacious and features a large walk in closet. The master bathroom has been updated with a new cabinet & counter top. The shower has a brand new beautiful tile surround. New whole house fan installed upstairs keeps the home cool. The backyard is private and has a covered patio, 2 sheds, fire pit, mature trees, custom hardscape, block walls and plenty of room for entertaining. HOA features private swimming pool access along with a tennis court and BBQ area .Walking distance to top rated schools and quick access to the 57,10, and 210 freeways.
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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: San Dimas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Dimas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,820 |
| EXPENSES | Loan Payment | -$2,692 |
| Property Tax | -$791 | |
| Property Insurance | -$70 | |
| HOA | -$55 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
-$926
|
||
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.
$774,900
PROJECTED PRICE
$2,820
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.56% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.05% |
| 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
$211,099
LOAN DETAILS
$2,692
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $193,725 |
| Loan Amount | $581,175 |
0.58
YEARS SAVED
$1,467
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,820
LIST RENT -
$1.6
LIST RENT PER SQFT
-
$2,967
COMP ESTIMATED VALUE -
$1.69
COMP AVG. RENT PER SQFT
Comps Range
-
808 Windermere Road San Dimas, CA 3
- 4 beds 3 baths ∙ 1,758 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,758 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $2,820
- $1.60
-
1739 Sunflower Avenue Glendora, CA 1
- 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 1996
LEASED 06/28/20- Rent
- Rent Per SQFT
- $2,450
- $1.71
-
1330 Avenida Loma San Dimas, CA 2
- 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,650
- $1.62
-
1717 Paseo Jardin San Dimas, CA 4
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974
LEASED 10/24/19- Rent
- Rent Per SQFT
- $3,000
- $1.77
-
1642 Via Alegre San Dimas, CA 5
- 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1968
LEASED 09/16/19- Rent
- Rent Per SQFT
- $3,100
- $1.65
PROPERTY LISTING DETAILS
Century 21 Experience
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21038776
Last Updated: 02/26/2021
