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3239 E E Carneros Paseo Ontario, CA 91761

3 Beds 3 Baths 1,953 sqft Built 2017

$529,995

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $271.37
  • 2 Days on Market
  • MLS # : IV21030696
  • Updated Date : 02/13/2021 at 18:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,953 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mesa Properties Inc.

Listing Agent's Description

Totally turnkey upgraded single-family home in New Haven Ontario Ranch! This home features an awesome open floor plan and faces a small park which means no street traffic in front of your house! One of the most coveted locations in the entire community! Carpet in the bedrooms and interior paint throughout is brand new. This home features tons of upgrades including granite counter tops, a double-wide sliding glass door to the side yard with a built-in gazebo, a custom built in entertainment center and Lutron Caseta smart lighting throughout. Walk in to the massive great room which features the entertainer's dream kitchen. The downstairs also has a half bath and a walk-in pantry. The two car garage features overhead storage and a door the the side yard. Upstairs, the loft has plenty of room for a desk and book shelf and both bedrooms are spacious, one of which has a walk-in closet. The upstairs laundry room is extremely convenient and directly across from a full bathroom. You will be wowed by the master suite which features a huge walk-in closet, separate shower and tub and double sinks. The side yard is the largest in the Arborel plan here in New Haven. This home also features a second side yard on the other side of the house which is perfect for storage and containing your trash cans. New Haven features 4 pools, 4 parks, a dog park, kids splash pad, jacuzzis, sport court, club house and so much more! Walking distance to a brand new shopping center.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: New Haven

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $144k584k

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

Neighborhood: New Haven

ZipNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10762496

* 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
 

$476,996$582,995$529,995

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,841
Property Tax -$465
Property Insurance -$74
HOA -$152
Property Management Fees -$143
CASH FLOW
-$245

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.

$529,995

PROJECTED PRICE

$2,430

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.0%
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$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$146,199

INVESTMENT

$146,199

Down Payment
$132,499
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,499
Loan Amount $397,496
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$13,779

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,578

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4303$2,5004$2,5505$2,900
$2,900
RENT COMPS ANALYSIS
  • 3239 E E Carneros Paseo Ontario, CA 2
    • 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,953 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.24
    •  
  • 3221 E Olympic Drive Ontario, CA 1
    • 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2018
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.34
    •  
  • 3222 E New Haven Paseo Ontario, CA 3
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2018
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.21
    •  
  • 3165 E E Olympic Dr Ontario, CA 4
    • 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2019
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.42
    •  
  • 2869 E Clementine Drive Ontario, CA 5
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2018
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.31
    •  
PROPERTY LISTING DETAILS
Sam Shwetz
Mesa Properties Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21030696
Last Updated: 02/13/2021
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