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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $258.77
- 6 Days on Market
- MLS # : PW20248756
- Updated Date : 12/01/2020 at 15:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,195 sqft
- Baths : 2 full
Listing Agent
Bhhs Ca Properties
Listing Agent's Description
Welcome to this beautiful single-story home, open floor plan with 4 bedrooms and 2 baths. Approximately 2200 sq. ft. with lot size over 8300sq.ft., enjoy the many mature fruit trees that was the sellers' pride and joy. Built in 2000 with upgrades, it is move-in ready with recently added enclosed patio at the back.. perfect for kids' playroom, game room or office. Upgrades include plantation shutters, granite counters in kitchen, extensive hardscape in backyard, solar panels, etc. Enjoy a cozy family room that opens from the kitchen, with fireplace and breakfast counter. The 3-car garage offers lots of storage and extra parking in front is available. Centrally located neighborhood is quickly accessible to the 60 and 15 freeways. Don't miss this one.. it will go fast!
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ontario
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,480 |
| EXPENSES | Loan Payment | -$2,096 |
| Property Tax | -$529 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$146 | |
|
CASH FLOW
-$372
|
||
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.
$568,000
PROJECTED PRICE
$2,480
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$156,270
LOAN DETAILS
$2,096
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $142,000 |
| Loan Amount | $426,000 |
2.42
YEARS SAVED
$12,105
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,480
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$2,607
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
3239 Thoroughbred Street Ontario, CA 2
- 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $2,480
- $1.13
-
3693 S Dulisse S Ontario, CA 1
- 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2017
![property image]()
LEASED 05/17/20- Rent
- Rent Per SQFT
- $2,400
- $1.16
-
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
![property image]()
LEASED 04/02/20- Rent
- Rent Per SQFT
- $2,500
- $1.21
-
3707 S Grey Fox Lane Ontario, CA 4
- 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 1989
![property image]()
LEASED 12/22/19- Rent
- Rent Per SQFT
- $2,500
- $1.20
-
3415 E Pine Ridge Loop Ontario, CA 5
- 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2016
![property image]()
LEASED 12/14/19- Rent
- Rent Per SQFT
- $2,600
- $1.18
PROPERTY LISTING DETAILS
Bhhs Ca Properties
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: PW20248756
Last Updated: 12/01/2020
