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808 Windermere Road San Dimas, CA 91773

4 Beds 3 Baths 1,758 sqft Built 1976

$774,900

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
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.

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: San Dimas

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: San Dimas

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15463697

* 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
Gladstone Elementary School Primary Regular 515 23 9
Lone Hill Middle School Middle Regular 946 36 8
San Dimas High School High Regular 1,363 52 8

Gladstone Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 23
9
GreatSchools Rating

Lone Hill Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 36
8
GreatSchools Rating

San Dimas High School

  • Education Level: High
  • # of students: 1,363
  • # of teachers: 52
8
GreatSchools Rating
 

$697,410$852,390$774,900

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$211,099

INVESTMENT

$211,099

Down Payment
$193,725
Rehab Estimate
$5,750
Closing Costs
$11,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,725
Loan Amount $581,175
See What Happens When You Reinvest Cash Flow

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
$2,450
1$2,4502$2,6503$2,8204$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 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
Rebecca Meisser
Century 21 Experience
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21038776
Last Updated: 02/26/2021
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