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225 E Wilson Street Rialto, CA 92376

3 Beds 2 Baths 1,715 sqft Built 1947

$399,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $233.18
  • 3 Days on Market
  • MLS # : SW21057461
  • Updated Date : 03/20/2021 at 08:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

Ennoble Realty

Listing Agent's Description

Talk about Location!!! This Beautiful Single Story home is within 2.5 miles from Arrowhead Medical Center, 2.6 miles from the 10-Freeway and within 1 mile from Historic Route 66. Searching for schools no problem, Boyd Elementary is just a couple streets down and Rialto High is within 1 mile! Now lets talk about the home, This is the perfect residence for you and your growing family! You're welcomed into a spacious living room with detailed crown molding that leads into in the open kitchen with upgraded granite counter tops and a walk-in pantry. To the right you'll enter the family room, laid with grey wooden flooring and a fireplace for those cozy winter nights. Through the double doors you'll find an indoor laundry room for your convenience, A great size master bedroom-no carpet only wood flooring and an attached bathroom. There's an additional two spacious bedrooms and a bathroom down the hall also with wood flooring. Wait theres more, outside is the fenced-in front yard very low maintenance and an extended driveway that leads to your huge backyard, w/potential RV parking and plenty of space to have family gatherings during the summer, ATV's, Toys etc... It doesn't get better than this!!!

SEE MORE

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: Downtown Rialto

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $97k459k

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

Neighborhood: Downtown Rialto

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q280090010001100120013001400150016001700180019002000Rent in $7872044

* 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
Curtis Elementary School Primary Regular 636 22 5
Jehue Middle School Middle Regular 1,401 51 2
Rialto High School High Regular 2,881 121 5

Curtis Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 22
5
GreatSchools Rating

Jehue Middle School

  • Education Level: Middle
  • # of students: 1,401
  • # of teachers: 51
2
GreatSchools Rating

Rialto High School

  • Education Level: High
  • # of students: 2,881
  • # of teachers: 121
5
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,389
Property Tax -$429
Property Insurance -$69
Property Management Fees -$122
CASH FLOW
$52

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.

$399,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 11.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$28,556

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,195

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$2,060
1$2,0602$2,0953$2,400
$2,400
RENT COMPS ANALYSIS
  • 225 E Wilson Street Rialto, CA 1
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.20
    •  
  • 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
    •  
  • 636 W Pomona Avenue Bloomington, CA 3
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1959
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.30
    •  
PROPERTY LISTING DETAILS
Summer Perez
Ennoble Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21057461
Last Updated: 03/20/2021
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