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128 E F Street Colton, CA 92324

3 Beds 2 Baths 1,100 sqft Built 1906

$349,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1906
  • Price/Sqft : $318.09
  • 4 Days on Market
  • MLS # : TR20264418
  • Updated Date : 12/31/2020 at 12:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,100 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Top Team

Listing Agent's Description

BEAUTIFUL HOME COMPLETELY REMODELED. Great for First Time Buyers!!!!. Property features: 3 Bedrooms and 2 Bathroom, the property is 1,100 SF when was measured. Beautiful new laminate wood flooring in the Living Room and Bedrooms. Beautiful tile flooring in the Kitchen and Bathroom, New Kitchen cabinets, New exterior and interior paint. Detached one car garage with a long back yard for plenty off-street parking with alley access. Roof was replaced about 8 years ago. Location is outstanding, with easy access to the 10 freeway. City Hall, Police Dept. and Library near the property. Ready to move in! Don’t miss this opportunity. This home is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Downtown Colton

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $88k459k

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

Neighborhood: Downtown Colton

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q290010001100120013001400150016001700180019002000Rent in $8692044

* 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
Abraham Lincoln Elementary School Primary Regular 684 28 4
Abraham Lincoln Elementary School Middle Regular 684 28 4
Colton High School High Regular 1,963 74 4

Abraham Lincoln Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 28
4
GreatSchools Rating

Abraham Lincoln Elementary School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 28
4
GreatSchools Rating

Colton High School

  • Education Level: High
  • # of students: 1,963
  • # of teachers: 74
4
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,291
Property Tax -$382
Property Insurance -$54
Property Management Fees -$108
CASH FLOW
-$5

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.

$349,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 10.8%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$24,984

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $1,947

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,8303$1,950
$1,950
RENT COMPS ANALYSIS
  • 128 E F Street Colton, CA 2
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1906 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1906
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.66
    •  
  • 252 W K Street Colton, CA 1
    • 3 beds 1 baths ∙ 760 Sqft ∙ Built 1920 3 beds 1 baths ∙ 760 Sqft ∙ Built 1920
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.64
    •  
  • 748 W E Street Colton, CA 3
    • 4 beds 2 baths ∙ 1,024 Sqft ∙ Built 1926 4 beds 2 baths ∙ 1,024 Sqft ∙ Built 1926
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.90
    •  
PROPERTY LISTING DETAILS
Max Barillas
Coldwell Banker Top Team
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20264418
Last Updated: 12/31/2020
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