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1066 W Shamrock Street Rialto, CA 92376

4 Beds 3 Baths 2,000 sqft Built 1989

$489,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $244.50
  • 2 Days on Market
  • MLS # : 20664614
  • Updated Date : 11/28/2020 at 18:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dynasty Real Estate

Listing Agent's Description

FULLY REMODELED YOUNGER TWO-STORY HOME, SITUATED IN A LOVELY, WELL KEPT, RIALTO CUL-DE-SAC NEIGHBORHOOD, WITH NEWLY INSTALLED CENTRAL AIR/HEAT. FOUR BEDROOMS AND TWO FULL BATHROOMS UPSTAIRS AND HALF BATHROOM DOWNSTAIRS. LARGE OPEN FLOOR PLAN, WITH SEPERATE LIVING AND DINING AREA. NEW RECESSED LIGHTING IN LIVING ROOM. NEW THICK GRAY LAMINATE IN LIVING AND DINING,NEW THICK CARPET FLOORING ON STAIRS, IN HALLWAYS, AND BEDROOMS. NEW LINOLUIM TILE FLOORING IN KITCHEN AND BATHROOMS FLOORS. THE KITCHEN IS BRAND NEW: NEW SHAKER-STYLE CABINETS NEW QUARTZ STONE COUNTERS, NEW TOILETS, AND NEW PLUMBING FIXTURES. REPAIRED PLUMBING/ELECTRICAL. NEW LIGHT FIXTURES. HOUSE HAS BEEN FRESHLY PAINTED IN/OUT WITH GORGEOUS COLOR TONES. FHA/VA/CALHAFA/DOWN PAYMENT ASSISTANCE -OK!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rialto

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k459k

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

Neighborhood: Rialto

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700180019002000Rent in $9112044

* 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
Dollahan Elementary School Primary Regular 665 23 5
Kucera Middle School Middle Regular 1,218 45 2
Carter High School High Regular 2,412 98 6

Dollahan Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 23
5
GreatSchools Rating

Kucera Middle School

  • Education Level: Middle
  • # of students: 1,218
  • # of teachers: 45
2
GreatSchools Rating

Carter High School

  • Education Level: High
  • # of students: 2,412
  • # of teachers: 98
6
GreatSchools Rating
 

$440,100$537,900$489,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,804
Property Tax -$570
Property Insurance -$76
Property Management Fees -$139
CASH FLOW
-$229

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.

$489,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
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-$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$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$15,276

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,340

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,1004$2,1955$2,360
$2,360
RENT COMPS ANALYSIS
  • 1066 W Shamrock Street Rialto, CA 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.18
    •  
  • 17785 Mesa Road Fontana, CA 1
    • 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 1981
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
  • 7360 Evergreen Avenue Fontana, CA 2
    • 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 1981
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
  • 1523 W Shamrock Street Rialto, CA 3
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1989
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.24
    •  
  • 1025 W Jackson Street Rialto, CA 4
    • 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 1991
    LEASED 10/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.08
    •  
PROPERTY LISTING DETAILS
Eran Fattal
Dynasty Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 20664614
Last Updated: 11/28/2020
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