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1429 E Cottonwood Street Ontario, CA 91761

4 Beds 3 Baths 2,172 sqft Built 1981

$589,900

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $271.59
  • 7 Days on Market
  • MLS # : IG21019413
  • Updated Date : 02/01/2021 at 07:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,172 sqft
  • Baths : 3 full
Listing Agent

Titan Real Est.& Investments

Listing Agent's Description

Welcome to this Great South Ontario neighborhood. Beautiful 2 story home features 4 bedrooms, 3 bathrooms, plus a Large Upstairs Bonus Room that has 2 closets and could be used as a 5th bedroom. 3 car garage with workbench, cabinets, and laundry hookups. The entry of the home and through-out the family room and kitchen have porcelain wood look tile planking. The large living room/dining room has crown moldings and a brick wood burning fireplace. The kitchen and family room is an open concept. the kitchen boasts newer appliances, Corian counter tops, and lots of cabinets with convenient pull out shelves. 1 bedroom and bathroom are located down stairs. Upstairs there is a huge bonus room with a wet bar and 2 closets and lots of extra storage, 2 guest bedrooms, Master bedroom has lots of closet space, a beautiful en suite custom vanity and a separate cabinet with dual sinks, recently remodeled huge walk-in shower that has custom tile work and 2 shower heads. Entertainers backyard with large covered patio, a firepit, and huge lawn area for all your family and guests. Close to schools, shopping, and freeways... Many More Extras, Don't miss this out on owning this home..

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
Woodcrest Junior High School Middle Regular 416 19 6
Chino High School High Regular 2,369 99 5

Woodcrest Junior High School

  • Education Level: Middle
  • # of students: 416
  • # of teachers: 19
6
GreatSchools Rating

Chino High School

  • Education Level: High
  • # of students: 2,369
  • # of teachers: 99
5
GreatSchools Rating
 

$530,910$648,890$589,900

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,049
Property Tax -$546
Property Insurance -$80
Property Management Fees -$153
CASH FLOW
-$228

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.

$589,900

PROJECTED PRICE

$2,600

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,074

INVESTMENT

$162,074

Down Payment
$147,475
Rehab Estimate
$5,750
Closing Costs
$8,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,475
Loan Amount $442,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$18,101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,775

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,5003$2,6004$2,6005$2,750
$2,750
RENT COMPS ANALYSIS
  • 1429 E Cottonwood Street Ontario, CA 4
    • 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.20
    •  
  • 2522 E Richmond Street Ontario, CA 1
    • 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1978
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.30
    •  
  • 576 E Tam O Shanter Street Ontario, CA 2
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1995
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.18
    •  
  • 2637 S Cucamonga Avenue Ontario, CA 3
    • 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1979
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.32
    •  
  • 1219 E Oak Hill Drive Ontario, CA 5
    • 5 beds 3 baths ∙ 2,100 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,100 Sqft ∙ Built 1978
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.31
    •  
PROPERTY LISTING DETAILS
Edward Counts
Titan Real Est.& Investments
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21019413
Last Updated: 02/01/2021
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