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2533 S Taylor Place Ontario, CA 91761

4 Beds 2 Baths 1,528 sqft Built 1977

$595,988

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $390.04
  • 2 Days on Market
  • MLS # : IG21149658
  • Updated Date : 07/12/2021 at 11:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,528 sqft
  • Baths : 2 full
Listing Agent

Reliance Real Estate Services

Listing Agent's Description

GORGEOUS Single Story Home has been REMODELED and SHOWS BEAUTIFULLY!! Situated on a CULDESAC and has a BIG BACKYARD that's Perfect for Family Gatherings * GREAT Floor-Plan Offering 1528sqft with 4 LARGE Bedrooms and 2 FULL Bathrooms * Terrific Kitchen has been REMODELED with NEW Counter-Tops, White Cabinetry, Beautiful Wood Laminate Flooring and In-Kitchen Dining Area * Large Living Room with Brick Fireplace * HUGE Backyard with Large Shaded Patio, Above Ground Spa, Storage Shed and PLENTY of GRASS for the Kids to Play or add your CUSTOM POOL * UPGRADED Throughout with NEW Double Door Entry, REMODELED Bathrooms with NEW Vanities & Tub/Shower Enclosures, Designer Fixtures, NEW WINDOWS, Raised Panel Doors, Window Blinds & Drapes, COPPER Piping Throughout, Freshly Painted, BEAUTIFUL WOOD LAMNATE FLOORING, Above Ground Spa & MUCH MORE * Large Master Bedroom with Private Master Bathroom * GREAT Curb Appeal with Covered Front Porch, 2 Car Attached Garage with Expanded Driveway for RV/Boat Parking * WONDERFUL Location is Walking Distance to Liberty Elementary School and Close to Schools, Shopping, Dining/Restaurants, Parks and EZ Freeway Access for the Commuter * This Home SHOWS GREAT and WONT LAST at this Price!!

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
De Anza Middle School Middle Regular 579 27 3
Ontario High School High Regular 2,549 102 6

De Anza Middle School

  • Education Level: Middle
  • # of students: 579
  • # of teachers: 27
3
GreatSchools Rating

Ontario High School

  • Education Level: High
  • # of students: 2,549
  • # of teachers: 102
6
GreatSchools Rating
 

$536,389$655,587$595,988

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,070
Property Tax -$553
Property Insurance -$64
Property Management Fees -$145
CASH FLOW
-$382

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.

$595,988

PROJECTED PRICE

$2,450

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$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,687

INVESTMENT

$163,687

Down Payment
$148,997
Rehab Estimate
$5,750
Closing Costs
$8,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,070

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,997
Loan Amount $446,991
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $2,418

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2953$2,4504$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 2533 S Taylor Place Ontario, CA 3
    • 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.60
    •  
  • 2844 S Marigold Avenue Ontario, CA 1
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1982
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.57
    •  
  • 2111 Caldwell Place Ontario, CA 2
    • 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,426 Sqft ∙ Built 1977
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.61
    •  
  • 821 E Oak Hill Street Ontario, CA 4
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1978
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.53
    •  
  • 12540 Sterling Place Chino, CA 5
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1984
    property image
    LEASED 06/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.62
    •  
PROPERTY LISTING DETAILS
Tom Tennant
Reliance Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21149658
Last Updated: 07/12/2021
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