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844 S Donna Beth Avenue West Covina, CA 91791

3 Beds 3 Baths 1,726 sqft Built 1958

$670,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $388.18
  • 4 Days on Market
  • MLS # : CV21024204
  • Updated Date : 02/05/2021 at 15:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,726 sqft
  • Baths : 3 full
Listing Agent

Blockchain Realty Inc.

Listing Agent's Description

Great Investment opportunity!!! This home was built in 1958 in the cult de sac of Donna Beth Avenue Originally 1726 SQ feet, previous seller added the 4th bedroom consisting of + 400 SQ feet (Seller will provide permits) Total SQ 2126. You will drool over as you drive up- DAY or NIGHT! 4 great size bedrooms, 3 bath single story home, swimming pool & long driveway for all your vehicles, Large laundry room, Bonus room that can be an office/play room or even 5th bedroom. Family room is a GREA T room and the dining area is in the kitchen, PERFECT for large families, or entertaining get together. This home literally has it all!!! Close to the West Covina shopping center, Restaurants and close to the 10 & 60 freeways, great for commuters- Lets talk about this opportunity, schedule an appointment as soon as possible.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Azusa-Cameron

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750k800k850kPrice in $184k856k

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

Neighborhood: Azusa-Cameron

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q216001800200022002400260028003000320034003600Rent in $15053697

* 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
Vine Elementary School Primary Regular 549 24 7
Hollencrest Middle School Middle Regular 774 30 7
Edgewood High School High Regular 831 33 7

Vine Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 24
7
GreatSchools Rating

Hollencrest Middle School

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 30
7
GreatSchools Rating

Edgewood High School

  • Education Level: High
  • # of students: 831
  • # of teachers: 33
7
GreatSchools Rating
 

$603,000$737,000$670,000

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 -$2,327
Property Tax -$678
Property Insurance -$69
Property Management Fees -$134
CASH FLOW
-$478

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.

$670,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.56%
Appreciation Year (1-5) 5.5%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$183,300

INVESTMENT

$183,300

Down Payment
$167,500
Rehab Estimate
$5,750
Closing Costs
$10,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,327

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,500
Loan Amount $502,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,844

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
  • $1.58

    LIST RENT PER SQFT
  • $2,779

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,7304$2,9505$2,975
$2,975
RENT COMPS ANALYSIS
  • 844 S Donna Beth Avenue West Covina, CA 3
    • 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1958 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $1.58
    •  
  • 1127 E Larkwood Street West Covina, CA 1
    • 4 beds 3 baths ∙ 1,601 Sqft ∙ Built 1952 4 beds 3 baths ∙ 1,601 Sqft ∙ Built 1952
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.56
    •  
  • 802 S Hollenbeck Street West Covina, CA 2
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1977
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.64
    •  
  • 904 S Hollenbeck Street West Covina, CA 4
    • 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1955
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.68
    •  
  • 921 S Fircroft Street West Covina, CA 5
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1955
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.56
    •  
PROPERTY LISTING DETAILS
Irene Raigoza
Blockchain Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21024204
Last Updated: 02/05/2021
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