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1610 Amador Avenue Ontario, CA 91764

4 Beds 2 Baths 1,240 sqft Built 1956

$489,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $394.35
  • 3 Days on Market
  • MLS # : CV20235890
  • Updated Date : 11/27/2020 at 11:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,240 sqft
  • Baths : 2 full
Listing Agent

Kw Vision

Listing Agent's Description

Great Home in The City of Ontario! This recently remodeled, Outstanding Single Story Spacious Home, Features Four Bedrooms, Two Full Bathrooms and a Large Back yard! This home has all new exterior stucco, paint, plus brand new roof! Once you step into the beautiful home, you immediately feel welcomed with new high ceiling, new Recessed lighting, new interior paint throughout and a Gorgeous new remodeled kitchen. This home also features new Gorgeous Floors, new appliances and an enclosed laundry room off of the Kitchen. The Living Room has a cozy stone fireplace and separate dinning area. Down the Hall you will notice new lighting, plus new wood flooring throughout the home! The Master bedroom is bright and airy with a Stall Shower Bathroom. The Additional Bedrooms are Good Sized with a Fully remolded Guest Bathroom! Your 2 Car Detached Garage has a patio off the left and a newly large slab for recreational toys or a children's play set on right! Enjoy your Large gated Front Yard with RV parking. Backyard has BUILT IN POOL plus two built in cabanas! WHO’S READY FOR ENTERTAINING?! THIS HOME HAS SO MANY AMAZING FEATURES YOU JUST CAN’T PASS UP! Owner's have taken great care of the home and the pride of ownership visible shows. COME MAKE THIS INCREDIBLE HOME YOURS!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Vineyard Elementary School Primary Magnet 776 28 5
Vineyard Elementary School Middle Magnet 776 28 5
Chaffey High School High Regular 3,530 138 4

Vineyard Elementary School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 28
5
GreatSchools Rating

Vineyard Elementary School

  • Education Level: Middle
  • # of students: 776
  • # of teachers: 28
5
GreatSchools Rating

Chaffey High School

  • Education Level: High
  • # of students: 3,530
  • # of teachers: 138
4
GreatSchools Rating
 

$440,100$537,900$489,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,804
Property Tax -$450
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$420

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.

$489,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.41%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,379

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $2,000

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0104$2,1955$2,350
$2,350
RENT COMPS ANALYSIS
  • 1610 Amador Avenue Ontario, CA 3
    • 4 beds 2 baths ∙ 1,240 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,240 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.62
    •  
  • 1321 N Vineyard Avenue Ontario, CA 1
    • 3 beds 2 baths ∙ 1,121 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,121 Sqft ∙ Built 1971
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.69
    •  
  • 798 E 7th Street Upland, CA 2
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1950
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.48
    •  
  • 1015 N Placer Avenue Ontario, CA 4
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1963
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.67
    •  
  • 537 W J Street Ontario, CA 5
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1958
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.61
    •  
PROPERTY LISTING DETAILS
Kristina Alejo
Kw Vision
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20235890
Last Updated: 11/27/2020
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