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2725 S Cypress Point Place Ontario, CA 91761

4 Beds 2 Baths 1,658 sqft Built 1977

$510,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $307.60
  • 8 Days on Market
  • MLS # : TR20230672
  • Updated Date : 11/07/2020 at 13:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,658 sqft
  • Baths : 2 full
Listing Agent

Century 21 Home

Listing Agent's Description

This lovely 4 bedroom, (one bedroom used as an office) and 2 baths in South Ontario won't last too long! Opens up from a double door gate to a lovely covered Patio with bench; Huge living room with high ceilings and gas fireplace; Kitchen features and electric stove and dishwasher; room for a microwave above the Stove. Lots of cabinets too; Kitchen also opens up to a family room with slide to the back yard thru a slider door; Long hallway to a hall full size bathroom, lots of linen storage; Office/Bedroom has built in desk and lovely stain glass windows; Rooms are good-size with ceiling fans, 2 have mirror closets; Large master bedroom also has a slide to the back patio and yard; Fruit trees in the large yard, wood and block fencing; Storage shed on the south side of the yard for extra storage. Lots of cabinet storage in the 2 car garage.

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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
Mountain View Elementary School Primary Regular 466 17 5
Grace Yokley Middle School Middle Regular 928 33 6
Colony High School High Regular 2,079 84 6

Mountain View Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 17
5
GreatSchools Rating

Grace Yokley Middle School

  • Education Level: Middle
  • # of students: 928
  • # of teachers: 33
6
GreatSchools Rating

Colony High School

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

$459,000$561,000$510,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,882
Property Tax -$463
Property Insurance -$67
Property Management Fees -$130
CASH FLOW
-$332

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.

$510,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.43%

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$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$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$11,003

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,300

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2104$2,3005$2,375
$2,375
RENT COMPS ANALYSIS
  • 2725 S Cypress Point Place Ontario, CA 3
    • 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $1.33
    •  
  • 2840 Oak Creek Drive Ontario, CA 1
    • 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1984
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.43
    •  
  • 2938 S Plainfield Place Ontario, CA 2
    • 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.45
    •  
  • 2650 S Desert Forest Avenue Ontario, CA 4
    • 4 beds 2 baths ∙ 1,674 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,674 Sqft ∙ Built 1977
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.37
    •  
  • 2522 E Richmond Street Ontario, CA 5
    • 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1978
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.30
    •  
PROPERTY LISTING DETAILS
Virginia De La Mora
Century 21 Home
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20230672
Last Updated: 11/07/2020
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