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3271 E Mayacama Way Ontario, CA 91761

3 Beds 3 Baths 1,892 sqft Built 2018

INVESTimate

$479,900

List Price

$2,300

$2,070 - $2,530

Rent Est.

$513,685  ( +7.04%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $253.65
  • 4 Days on Market
  • MLS # : CV20170061
  • Updated Date : 08/25/2020 at 16:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,892 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Time Realty

Listing Agent's Description

Modern and Stylish home within the beautiful master planned community of the highly sought after New Haven in Ontario Ranch. This home is immaculate and better than brand new. It features 3 bedrooms, 2.5 bathrooms, nearly 1,900 sq ft living space, 2 car attached garage. Open concept floor plan with all natural light. Gourmet kitchen with granite counter tops, large center island with counter height seating, abundance of european-style white cabinetry, pantry, convenient roll-out trash and recycling cabinet with two bins, recessed lights, stainless steel appliances. Upgraded waterproof vinyl plank flooring throughout downstairs. Spacious master bedroom, master bathroom with his and her sinks, separate walk in shower, and a large walk in closet. Laundry room conveniently located upstairs. Energy efficient home including tankless water heater with a switch in the master bathroom that heats up the water quickly in the morning showers, dual pane windows, whole house fan, J-box on bedrooms ceiling, & more! Backyard is already concreted with turf and ready to add your own gardening style. Start enjoying a resort style community with multiple parks, 2 indoor clubhouses available for private events, covered cabana w/fireplace, 4 sparkling swimming pools, 2 jacuzzi’s, splash zone, multiple sports courts, BBQ areas, picnic gardens, fire pits, 3 playgrounds, a zipline, a dog park plus more! It's all in the details. Schedule your showing today for a quick move-in.

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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
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,771
Property Tax -$421
Property Insurance -$73
HOA -$152
Property Management Fees -$136
CASH FLOW
-$252

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.

$479,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 7.04%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,322

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,4004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3271 E Mayacama Way Ontario, 2
    • 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.22
    •  
  • 3160 E Yountville Drive Ontario, 1
    • 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2017
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.36
    •  
  • 3693 S Dulisse S Ontario, 3
    • 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2017
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.16
    •  
  • 3222 E New Haven Paseo Ontario, 4
    • 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
    •  
  • 3415 E Pine Ridge Loop Ontario, 5
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2016
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.18
    •  
PROPERTY LISTING DETAILS
Jane Santiago
Re/max Time Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20170061
Last Updated: 08/25/2020
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