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19556 Casmalia Street Rialto, CA 92337

3 Beds 3 Baths 1,830 sqft Built 1959

$495,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $270.49
  • 6 Days on Market
  • MLS # : CV20252799
  • Updated Date : 12/24/2020 at 15:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,830 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

WELCOME TO 19556 CASMALIA! This single-story POOL HOME is located on a large flat 14,500 square foot lot. There is plenty of parking for all your cars and toys in the circular driveway, the 2-car attached garage, and parking on both sides of the house, including RV/BOAT PARKING! The home has been recently remodeled and offers a living room, a remodeled kitchen with granite countertops, which opens into the dining area. There is a huge recreation room with a ledger stone accented fireplace and a 3/4 bath, perfect for entertaining guests while watching sports. The home's west wing has a master suite, 2 nice size bedrooms, and a hall bath. Other interior upgrades include canned lighting, crown molding, chair railing, ceiling fans, and much more! Exterior additional features include an enclosed patio, a storage/workshop, and a pool slide! GREAT LOCATION near the Renaissance Market Place, Cracker Barrel, Corky's, In-N-Out Burger, and shopping. THIS HOME WILL SELL FAST!

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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: Rialto

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k459k

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

Neighborhood: Rialto

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700180019002000Rent in $9112044

* 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
Hughbanks Elementary School Primary Regular 652 24 3
Kolb Middle School Middle Regular 971 49 2
Carter High School High Regular 2,412 98 6

Hughbanks Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 24
3
GreatSchools Rating

Kolb Middle School

  • Education Level: Middle
  • # of students: 971
  • # of teachers: 49
2
GreatSchools Rating

Carter High School

  • Education Level: High
  • # of students: 2,412
  • # of teachers: 98
6
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,826
Property Tax -$517
Property Insurance -$72
Property Management Fees -$132
CASH FLOW
-$307

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.

$495,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.1%
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$15k

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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$11,018

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,374

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0953$2,1954$2,2405$2,495
$2,495
RENT COMPS ANALYSIS
  • 19556 Casmalia Street Rialto, CA 4
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1959 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.22
    •  
  • 1579 N Clifford Avenue Rialto, CA 1
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1960
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.25
    •  
  • 423 E Mesa Drive Rialto, CA 2
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1958
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.26
    •  
  • 241 E Lurelane Street Rialto, CA 3
    • 4 beds 2 baths ∙ 1,675 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,675 Sqft ∙ Built 1963
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.31
    •  
  • 6254 Palm Avenue Rialto, CA 5
    • 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 1963 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 1963
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.37
    •  
PROPERTY LISTING DETAILS
Donald Mowery
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20252799
Last Updated: 12/24/2020
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