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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $292.22
- 2 Days on Market
- MLS # : CV20256593
- Updated Date : 12/12/2020 at 17:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,378 sqft
- Baths : 2 full , 1 half
Listing Agent
A List Estates
Listing Agent's Description
Absolutely Stunning 4 Bedroom 2.5 Bathroom 2 Car Garage Mountain View Former Model Home!!! As you enter you will find an open spacious layout that boasts true designer finishes. The home is complete with formal living, dinning, and family room. The kitchen is perfect for entertaining featuring beautiful upgraded granite counter tops, under cabinet lighting, and stainless steal appliances. The family room features a fireplace with hand-laid tile flooring. The home's curtains/roller shades add a beautiful focal point while in every room. The master bedroom is spacious with a beautiful wall paper accent wall and en-suite bathroom with separate shower/tub and complete with a walk in closet. Each room offers a unique themed style that is well thought out and creates great character and charm. The loft is over-sized and makes a great bonus room! The home comes furnished with all the designer pieces and decor hand selected by the builder's interior decorator. The rear yard has mature landscaping and a direct view of the mountains and Olive Grove Park. The home features a Top of the Line Efficient Lennox Signature Collection Air Condition System. Close to shopping including Victoria Gardens Mall and in the Amazing Eitwanda School District. Don't miss the rare opportunity to own a former model home!!!
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MARKET HIGHLIGHTS
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Etiwanda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Etiwanda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,960 |
EXPENSES | Loan Payment | -$2,564 |
Property Tax | -$739 | |
Property Insurance | -$85 | |
Property Management Fees | -$175 | |
CASH FLOW
-$602
|
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.
$694,900
PROJECTED PRICE
$2,960
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.95% |
Appreciation Year (1-5) | 5.9% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.35% |
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
$189,899
LOAN DETAILS
$2,564
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $173,725 |
Loan Amount | $521,175 |
1.58
YEARS SAVED
$8,117
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,960
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$2,699
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
A List Estates
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20256593
Last Updated: 12/12/2020