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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $310.41
- 3 Days on Market
- MLS # : CV20255672
- Updated Date : 01/08/2021 at 16:14
CONSTRUCTION
- Beds : 3
- Floor Size : 2,094 sqft
- Baths : 2 full , 1 half
Listing Agent
Kw College Park
Listing Agent's Description
There’s so much to love about this beautiful 3-bedroom, 2 ½-bathroom, newer home in the acclaimed Rosedale community near the foothills in north Azusa! The spacious living room and open kitchen leading to both a dining area and a nice back patio are perfect for entertaining guests or relaxing at home. Granite counters, stainless-steel appliances, an oversized breakfast bar, and ample cupboards and drawers make this a dream kitchen. Upstairs you’ll find 3 bedrooms with high ceilings and a loft perfect for a study/office, play room, or den. The large master bathroom features a separate tub and shower, dual sinks, and a master’s walk-in closet for clothes and extra storage. You’ll also love the separate laundry room upstairs! Direct access to the attached garages makes loading and unloading easy. Central A/C and heat along with dual-pane windows will keep you comfortable in all seasons, and you can cool off in the summer at one of the community’s two gorgeous pools or in the recreation room at the Rosedale Resort. The community also offers a nearby playground, picnic areas, spacious greenbelts, a fitness center, and a clubhouse you can rent for parties. Shopping, restaurants, parks, the movies, Metro gold line, Azusa Pacific University, and Citrus College are all close by, and the 210 freeway is just over 2 miles away per Google for easy commuting! Imagine all the memories you’ll make and all the possibilities this home offers! Welcome home!
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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: Rosedale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rosedale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,880 |
| EXPENSES | Loan Payment | -$2,258 |
| Property Tax | -$684 | |
| Property Insurance | -$78 | |
| HOA | -$255 | |
| Property Management Fees | -$141 | |
|
CASH FLOW
-$535
|
||
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.
$650,000
PROJECTED PRICE
$2,880
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$178,000
LOAN DETAILS
$2,258
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
1.83
YEARS SAVED
$7,821
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,880
LIST RENT -
$1.38
LIST RENT PER SQFT
-
$2,911
COMP ESTIMATED VALUE -
$1.39
COMP AVG. RENT PER SQFT
Comps Range
-
915 N Lantana Way Azusa, CA 1
- 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $2,880
- $1.38
-
933 N Woodbine Way Azusa, CA 2
- 3 beds 3 baths ∙ 2,076 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,076 Sqft ∙ Built 2013
LEASED 04/27/20- Rent
- Rent Per SQFT
- $2,900
- $1.40
-
932 N Azalea Way Azusa, CA 3
- 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2013
LEASED 01/13/20- Rent
- Rent Per SQFT
- $2,975
- $1.42
-
914 N Woodbine Way Azusa, CA 4
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2013
LEASED 06/30/20- Rent
- Rent Per SQFT
- $3,000
- $1.37
-
924 N Woodbine Way Azusa, CA 5
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2013
LEASED 06/14/20- Rent
- Rent Per SQFT
- $3,000
- $1.37
PROPERTY LISTING DETAILS
Kw College Park
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20255672
Last Updated: 01/08/2021
