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12400 Reche Canyon Road Colton, CA 92324

3 Beds 3 Baths 2,406 sqft Built 1970

$575,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $238.99
  • 20 Days on Market
  • MLS # : OC20225901
  • Updated Date : 11/13/2020 at 09:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,406 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dalton Real Estate

Listing Agent's Description

Custom-built canyon home with captivating mountain views located on a flat 1.24-acre lot. The delightful kitchen has a large walk in pantry, stainless steel counter tops and Frigidaire appliances including double ovens. Relax in an open concept den with a beautiful vaulted wood ceiling and custom brick fireplace. Enjoy a cozy dining and living room with its own brick fireplace. A separate 500 sq. ft permitted bonus room with a/c and heat is perfect for entertaining, as a game room or even a home gym. Storage space galore with a 4-car garage at the back of the property and another 3-car garage with its own workshop room that includes a swamp cooler, sink and quarter bath. There is also plenty of room for RV parking. Have fun on the custom mini dirt bike track located on the property or you can use the space for horses or maybe even a basketball court. Come and see this one of a kind home and property for yourself and discover all of the potential.

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: Reche Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $105k564k

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

Neighborhood: Reche Canyon

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001200140016001800200022002400Rent in $9742540

* 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
Reche Canyon Elementary School Primary Regular 625 27 4
Reche Canyon Elementary School Middle Regular 625 27 4
Grand Terrace High School High Unknown 2,347 92 4

Reche Canyon Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 27
4
GreatSchools Rating

Reche Canyon Elementary School

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 27
4
GreatSchools Rating

Grand Terrace High School

  • Education Level: High
  • # of students: 2,347
  • # of teachers: 92
4
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,122
Property Tax -$616
Property Insurance -$85
Property Management Fees -$142
CASH FLOW
-$555

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.

$575,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,265

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,430

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,2503$2,4104$2,500
$2,500
RENT COMPS ANALYSIS
  • 12400 Reche Canyon Road Colton, CA 3
    • 3 beds 3 baths ∙ 2,406 Sqft ∙ Built 1970 3 beds 3 baths ∙ 2,406 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.00
    •  
  • 25021 Fern Avenue Loma Linda, CA 1
    • 3 beds 1 baths ∙ 2,198 Sqft ∙ Built 1964 3 beds 1 baths ∙ 2,198 Sqft ∙ Built 1964
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.99
    •  
  • 11984 Paradise Street Grand Terrace, CA 2
    • 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 1985
    property image
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.94
    •  
  • 25130 Daisy Avenue Loma Linda, CA 4
    • 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 1964
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
PROPERTY LISTING DETAILS
Emmett Dalton
Dalton Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20225901
Last Updated: 11/13/2020
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