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1007 W D Street Ontario, CA 91762

3 Beds 1 Baths 1,028 sqft Built 1952

INVESTimate

$480,000

List Price

$1,790

$1,611 - $1,969

Rent Est.

$518,688  ( +8.06%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1952
  • Price/Sqft : $466.93
  • 6 Days on Market
  • MLS # : IG20171562
  • Updated Date : 08/23/2020 at 14:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,028 sqft
  • Baths : 1 full
Listing Agent

Gold Team Realty

Listing Agent's Description

Excellent Location, close to everything, new roof, Huge back Yard.

SEE MORE

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)
  • 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's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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)
  • 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]
  • 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)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Ontario

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k477k

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

Neighborhood: Ontario

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112126

* 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
Elderberry Elementary School Primary Regular 837 30 6
Elderberry Elementary School Middle Regular 837 30 6
Montclair High School High Regular 3,034 117 6

Elderberry Elementary School

  • Education Level: Primary
  • # of students: 837
  • # of teachers: 30
6
GreatSchools Rating

Elderberry Elementary School

  • Education Level: Middle
  • # of students: 837
  • # of teachers: 30
6
GreatSchools Rating

Montclair High School

  • Education Level: High
  • # of students: 3,034
  • # of teachers: 117
6
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,771
Property Tax -$442
Property Insurance -$52
Property Management Fees -$106
CASH FLOW
-$580

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.

$480,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.06%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$715

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.74

    LIST RENT PER SQFT
  • $1,799

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,9503$2,2004$2,3505$2,395
$2,395
RENT COMPS ANALYSIS
  • 1007 W D Street Ontario, 1
    • 3 beds 1 baths ∙ 1,028 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,028 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.74
    •  
  • 1503 Hollowell Street Ontario, 2
    • 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1961
    LEASED 02/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.68
    •  
  • 720 Cypress Avenue N Ontario, 3
    • 3 beds 1 baths ∙ 1,206 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,206 Sqft ∙ Built 1951
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.82
    •  
  • 10225 Poulsen Avenue Montclair, 4
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1960
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.73
    •  
  • 726 W Granada Court Ontario, 5
    • 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1949
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.77
    •  
PROPERTY LISTING DETAILS
Marlene Sansur
Gold Team Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20171562
Last Updated: 08/23/2020
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