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905 N Bouquet Court #A Azusa, CA 91702

4 Beds 4 Baths 2,005 sqft Built 2012

$615,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $306.73
  • 2 Days on Market
  • MLS # : 20670118
  • Updated Date : 12/12/2020 at 11:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,005 sqft
  • Baths : 3 full , 1 half
Listing Agent

Opendoor Brokerage Inc.

Listing Agent's Description

Built in 2012, this Azusa three-story home offers granite countertops, and a two-car garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

PRICE & RENT TRENDS

Neighborhood: Rosedale

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $150k622k

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

Neighborhood: Rosedale

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21400160018002000220024002600280030003200340036003800Rent in $13963921

* 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
Henry Dalton Elementary School Primary Regular 307 12 4
Foothill Middle School Middle Regular 589 29 3
Azusa High School High Regular 1,393 65 5

Henry Dalton Elementary School

  • Education Level: Primary
  • # of students: 307
  • # of teachers: 12
4
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 589
  • # of teachers: 29
3
GreatSchools Rating

Azusa High School

  • Education Level: High
  • # of students: 1,393
  • # of teachers: 65
5
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,269
Property Tax -$647
Property Insurance -$76
HOA -$329
Property Management Fees -$145
CASH FLOW
-$515

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.

$615,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$9,967

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $3,053

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,0003$3,0004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 905 N Bouquet Court Azusa, CA 1
    • 4 beds 4 baths ∙ 2,005 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,005 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.47
    •  
  • 797 Park View Ter Glendora, CA 2
    • 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 2010
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.59
    •  
  • 919 N Woodbine Way Azusa, CA 3
    • 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2013
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.43
    •  
  • 827 E Promenade E Azusa, CA 4
    • 4 beds 4 baths ∙ 2,000 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,000 Sqft ∙ Built 2012
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.60
    •  
  • 951 N Cornejo Way Azusa, CA 5
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2013
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.47
    •  
PROPERTY LISTING DETAILS
Ben Braksick
Opendoor Brokerage Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20670118
Last Updated: 12/12/2020
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