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2863 S Sandpiper Avenue Ontario, CA 91761

4 Beds 2 Baths 1,416 sqft Built 1983

$574,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $406.00
  • 3 Days on Market
  • MLS # : CV20244440
  • Updated Date : 11/20/2020 at 20:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,416 sqft
  • Baths : 2 full
Listing Agent

Century 21 Experience

Listing Agent's Description

More pics to come!! Be the first to see this perfect family home and write an offer before it is gone. The home has a nice airy layout with livingroom open to the kitchen. The kitchen is a family style layout that has been beautifully upgraded. There are cabinets for miles. There are 4 spacious bedrooms and 2 baths in this move-in ready home. Rustic stone floors throughout this cozy home. The master bedroom can accommodate a king size bed with multiple dressers. It also has a walk-in closet. Thats not all..... step outside to your backyard oasis to enjoy many nights under the patio or in the spa after a long day at work. California is unique, to where you can use your pool almost all year round! Invite the family over and the kids will play in the pool for hours. Parking is endless with enough room for multiple cars/toys.

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: 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
Levi H. Dickey Elementary School Primary Regular 503 17 4
Woodcrest Junior High School Middle Regular 416 19 6
Chino High School High Regular 2,369 99 5

Levi H. Dickey Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 17
4
GreatSchools Rating

Woodcrest Junior High School

  • Education Level: Middle
  • # of students: 416
  • # of teachers: 19
6
GreatSchools Rating

Chino High School

  • Education Level: High
  • # of students: 2,369
  • # of teachers: 99
5
GreatSchools Rating
 

$517,410$632,390$574,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$2,121
Property Tax -$532
Property Insurance -$61
Property Management Fees -$123
CASH FLOW
-$757

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.

$574,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.36%

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-$10k-$5.0k$0.0$5.0k

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$158,099

INVESTMENT

$158,099

Down Payment
$143,725
Rehab Estimate
$5,750
Closing Costs
$8,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,725
Loan Amount $431,175
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $2,064

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,080
1$2,0802$2,1003$2,2504$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2863 S Sandpiper Avenue Ontario, CA 1
    • 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.47
    •  
  • 2844 S Marigold Avenue Ontario, CA 2
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1982
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.57
    •  
  • 702 E Skylark Street Ontario, CA 3
    • 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1979
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.37
    •  
  • 228 E Banyan Street Ontario, CA 4
    • 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1978
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.50
    •  
  • 2808 S Cascades Ontario, CA 5
    • 4 beds 2 baths ∙ 1,732 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,732 Sqft ∙ Built 1976
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.39
    •  
PROPERTY LISTING DETAILS
Juliet Camacho
Century 21 Experience
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20244440
Last Updated: 11/20/2020
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