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3003 Hidden Valley Lane Colton, CA 92324

4 Beds 3 Baths 2,781 sqft Built 1990

$650,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $233.73
  • 7 Days on Market
  • MLS # : IV21059738
  • Updated Date : 03/22/2021 at 20:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,781 sqft
  • Baths : 3 full
Listing Agent

Sierra Realty Fontana Inc

Listing Agent's Description

CUSTOM HOME- This amazing home is located in the highly desirable community of Reche Canyon and features beautiful views of the canyons. The home is situated on the corner of a quiet cul-de-sac of custom and model homes. The exterior features beautiful Mediterranean styling with a stepped block wall leading up to the large turnaround driveway allowing for dual ingress/egress to this spacious property. Upon entering the home your eyes will take in the large vaulted ceilings. There is a living room with a fireplace and dining room featuring French doors to the patio area. The kitchen is perfect for entertaining with granite counters and a custom made granite table and chairs to match. Bar area with wine refrigerator. All cabinets and doors throughout the home are solid wood. A bedroom is located on the main floor that can be used as an office. Adjacent to the bedroom is a zen-like bathroom with a large dual head shower. Sinks and bathtubs throughout the home are cast iron. The second floor features a large master bedroom and walk-in closet. French doors lead you to the large deck. The en suite has double vanity sinks. There are 2 additional bedrooms and a full bathroom. There is a large bonus/entertainment room. The 3 car garage has epoxy flooring, an abundance of electrical outlets and heating and air conditioning. Outside patio with pool and spa. The side yard has parking space for rv/boat. 2 a/c units for adequate cooling. Central vacuum system. Soft water system.

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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: Reche Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $105k564k

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

Neighborhood: Reche Canyon

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001200140016001800200022002400Rent in $9742540

* 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
Terrace Hills Middle School Middle Regular 1,038 40 3
Grand Terrace High School High Unknown 2,347 92 4
Terrace Hills Middle School Middle Unknown NA

Terrace Hills Middle School

  • Education Level: Middle
  • # of students: 1,038
  • # of teachers: 40
3
GreatSchools Rating

Grand Terrace High School

  • Education Level: High
  • # of students: 2,347
  • # of teachers: 92
4
GreatSchools Rating

Terrace Hills Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,258
Property Tax -$709
Property Insurance -$95
Property Management Fees -$159
CASH FLOW
-$520

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.

$650,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,670

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,800
$2,800
RENT COMPS ANALYSIS
  • 3003 Hidden Valley Lane Colton, CA 2
    • 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 3055 Prado Colton, CA 1
    • 5 beds 3 baths ∙ 2,815 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,815 Sqft ∙ Built 1991
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
  • 11573 Murphy Street Loma Linda, CA 3
    • 3 beds 2 baths ∙ 2,710 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,710 Sqft ∙ Built 1973
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
Dianne Akuszewski
Sierra Realty Fontana Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21059738
Last Updated: 03/22/2021
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