Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3187 E Yellowstone Drive Ontario, CA 91762

4 Beds 3 Baths 2,496 sqft Built 2018

$550,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $220.35
  • 5 Days on Market
  • MLS # : IG20264570
  • Updated Date : 12/30/2020 at 21:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,496 sqft
  • Baths : 3 full
Listing Agent

Universal Elite Inc.

Listing Agent's Description

Lovely detached condo with 4 bedrooms, 3 full bathrooms, and one office downstair. Features parking driving way. It was build by Lennar in 2018 with upgrad durable and contemporary laminate flooring at first floor. It's the most popular Residence Plan 3 at Sirrea Pacific with tankless water heater, smart lock, wifi A/C themoster and wifi rodar first floor and second floor, Amazon Alexa. The gourmet kitchen includes stainless steel appliances, granite countertops, and built-in pantry. The first floor of this home also features a full bedroom, bathroom with shower, coat closet and below-stair storage. The second floor of this home features two secondary bedrooms, a secondary bathroom, laundry room and master suite. The master suite features a large room, bathroom with dual sinks and shower as well as a walk-in closet. Great loacation, easy to access 60,91,15 and 71 freeway. Costco and community shopping center is 5 mins away. The whole community has four parks and one swimming pool. Affordable house,First come first served.

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 Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $144k584k

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

Neighborhood: Ontario Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10762618

* 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
Ranch View Elementary School Primary Regular 586 21 6
Grace Yokley Middle School Middle Regular 928 33 6
Colony High School High Regular 2,079 84 6

Ranch View Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 21
6
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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,029
Property Tax -$483
Property Insurance -$88
HOA -$119
Property Management Fees -$163
CASH FLOW
-$121

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.

$550,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$30,677

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,827

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$2,7004$2,7605$2,800
$2,800
RENT COMPS ANALYSIS
  • 3187 E Yellowstone Drive Ontario, CA 4
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.11
    •  
  • 4755 S Garden Gate Lane Ontario, CA 1
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2018
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.12
    •  
  • 3134 E Denali Drive Ontario, CA 2
    • 4 beds 4 baths ∙ 2,296 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,296 Sqft ∙ Built 2018
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.18
    •  
  • 4315 S Glacier Trail Ontario, CA 3
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2018
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.08
    •  
  • 4937 S Tangerine Way Ontario, CA 5
    • 3 beds 3 baths ∙ 2,441 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,441 Sqft ∙ Built 2018
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.15
    •  
PROPERTY LISTING DETAILS
Changqing Xiong
Universal Elite Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20264570
Last Updated: 12/30/2020
BESbswy