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837 Featherwood Drive Diamond Bar, CA 91765

4 Beds 2 Baths 1,784 sqft Built 1986

$738,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $413.68
  • 3 Days on Market
  • MLS # : TR20263570
  • Updated Date : 01/01/2021 at 05:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,784 sqft
  • Baths : 2 full
Listing Agent

Remax 2000 Realty

Listing Agent's Description

Welcome to 837 Featherwood Dr. a charming 1 level single family residence located in Diamond Bar. This home features 4 bedrooms and 2 baths with an open living room and expansive kitchen with views of the Diamond Bar hills. This home features 1784 SqFt of living spaces and sits on top of 10,397 SqFt Lot. This lovely home is full of upgrades with granite countertops, as well as wood kitchen cabinets. This home also comes equipped with stainless steel appliances for all your cooking needs. This home also features central air conditioning and heating for comfortable living. Dual pane windows. Has 2 huge patios to entertain. Enjoy the beautiful sunset  while taking the time relaxing in the back patio. Conveniently located just minutes away from the 60 freeway, this home is perfect for commuters who are looking to avoid the rush hour traffic. If you’re looking for a new home Diamond Bar, look no further and schedule your visit today.

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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: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $199k856k

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

Neighborhood: Diamond Bar

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21800200022002400260028003000320034003600Rent in $17843697

* 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
Diamond Point Elementary School Primary Regular 338 12 7
Diamond Point Elementary School Middle Regular 338 12 7
Diamond Ranch High School High Regular 1,791 70 7

Diamond Point Elementary School

  • Education Level: Primary
  • # of students: 338
  • # of teachers: 12
7
GreatSchools Rating

Diamond Point Elementary School

  • Education Level: Middle
  • # of students: 338
  • # of teachers: 12
7
GreatSchools Rating

Diamond Ranch High School

  • Education Level: High
  • # of students: 1,791
  • # of teachers: 70
7
GreatSchools Rating
 

$664,200$811,800$738,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,723
Property Tax -$792
Property Insurance -$70
Property Management Fees -$134
CASH FLOW
-$989

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.

$738,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 3.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,320

INVESTMENT

$201,320

Down Payment
$184,500
Rehab Estimate
$5,750
Closing Costs
$11,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,723

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,500
Loan Amount $553,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,031

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $2,707

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,7303$2,7504$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 837 Featherwood Drive Diamond Bar, CA 2
    • 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $1.53
    •  
  • 75 Hidden Valley Road Pomona, CA 1
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1985
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.55
    •  
  • 1017 Twin Canyon Lane Diamond Bar, CA 3
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1968
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.46
    •  
  • 15 Silverwood Lane Pomona, CA 4
    • 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 1985
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.57
    •  
  • 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
Jenny Wu
Remax 2000 Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20263570
Last Updated: 01/01/2021
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