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1435 N Isadora Way Ontario, CA 91764

4 Beds 3 Baths 1,949 sqft Built 1980

$625,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $320.68
  • 2 Days on Market
  • MLS # : WS21020091
  • Updated Date : 01/30/2021 at 17:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,949 sqft
  • Baths : 2 full , 1 half
Listing Agent

Diamond Point Properties

Listing Agent's Description

"Staying at Home" in this freshly renovated 4 bedroom 2 1/2 bath family home would be a pleasure! This East facing beauty has double door entry, lots of natural light, open floor plan with classic fireplace, new flooring, tray ceiling with recessed lighting in kitchen, stainless steel sink, new dishwasher, granite kitchen counters, new bathroom plumbing, refurbished staircase with slip protection, new light fixtures, new water heater, and a 2 car garage with additional rear single car garage door to give access to backyard. The soft morning light brightens the east facing master bedrm & en-suite bathroom with quartz counter top, dual sinks and plenty of cabinet space. Sliding glass door in family room leads you to a supersized fully covered patio, perfect for outdoor dining or just relaxing along side the striking 40 ft sparkling pool. The spacious yard offers privacy & a perfect layout for entertaining. Another notable upgrade is an energy efficient, environmentally friendly, quiet AC/Heating system with Whole House Fan and Air Scrubber helping to eliminate viruses, bacteria, allergens & prevent mold. This Rancho Cucamonga adjacent home has NO HOA and favorably located in a desirable area North of the 10 in Ontario- one of the fastest growing & business friendliest cities in So Cal. You can revel in popular shopping, restaurants, nightlife, museums, spas, hiking & bike trails, and parks. Furthermore, access to 10, 60, 15, metrolink, and airport are in close proximity.

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: 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
The Ontario Center School Primary Regular 704 28 5
Rancho Cucamonga Middle School Middle Regular 768 37 5
Colony High School High Regular 2,079 84 6

The Ontario Center School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 28
5
GreatSchools Rating

Rancho Cucamonga Middle School

  • Education Level: Middle
  • # of students: 768
  • # of teachers: 37
5
GreatSchools Rating

Colony High School

  • Education Level: High
  • # of students: 2,079
  • # of teachers: 84
6
GreatSchools Rating
 

$562,500$687,500$625,000

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 -$2,171
Property Tax -$549
Property Insurance -$74
Property Management Fees -$153
CASH FLOW
-$348

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.

$625,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$12,885

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
  • $1.33

    LIST RENT PER SQFT
  • $2,617

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,5004$2,5955$2,600
$2,600
RENT COMPS ANALYSIS
  • 1435 N Isadora Way Ontario, CA 5
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 10035 Mckinley Street Rancho Cucamonga, CA 1
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1977
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.28
    •  
  • 9586 Cedar Glen Place Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 2000
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.44
    •  
  • 1361 N Hacienda Drive Ontario, CA 3
    • 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 1981
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
  • 9582 Edelweiss Street Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,854 Sqft ∙ Built 1977
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.40
    •  
PROPERTY LISTING DETAILS
Ann Marie Ramirez
Diamond Point Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS21020091
Last Updated: 01/30/2021
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