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3272 E Denali Drive Ontario, CA 91762

5 Beds 3 Baths 2,980 sqft Built 2018

$698,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $234.23
  • 6 Days on Market
  • MLS # : TR21037358
  • Updated Date : 02/25/2021 at 05:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,980 sqft
  • Baths : 3 full
Listing Agent

168 Realty Inc.

Listing Agent's Description

Location! Location! This turn key beautiful home in Ontario Ranch comes with everything, it located in a corner lot end unit , it’s a safe and quiet neighborhood in the amazing Lennar Grand Park community. This house belongs to the owner who lives in Ohio as their vacation home, so it almost like the brand new condition. Very Spacious 3000 sf , 5 bedrooms, 3 bathrooms with Huge loft can be the 6th bedroom. This house is full of possibilities , perfect for 2 generations or even more, 1 bedroom and full bath downstairs , so perfect for next Gen or elderly parents. The property futures with many upgrades. 2 car private garage, Solar energy with tankless water heater.You're gonna love upstairs : the master suite, laundry room, three roomy bedrooms, secondary bathroom and a spacious LOFT ! The master suite includes full bathroom with dual sinks, shower and luxurious soaking tub as well as a large walk-in closet. This house is Furnished and ready, you can buy this house furnished or not furnished. Moving can be EASY. The laundry room being conveniently located on the second floor of this home adds an air of ease to laundry day. With all of these amazing perks, it’s hard not to fall in love with this house. Enjoy your home garden , BBQ area, with HOA pool, spa, parks and kids play ground. It close to schools , Costco shopping center and Amazon Distribute Center, Ontario Mills , Easy access to Fwy 15, 60 ,10 . Don’t miss this opportunity, bring your clients today!

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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: 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
 

$628,200$767,800$698,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,424
Property Tax -$613
Property Insurance -$99
HOA -$101
Property Management Fees -$179
CASH FLOW
-$377

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.

$698,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.44%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,720

INVESTMENT

$190,720

Down Payment
$174,500
Rehab Estimate
$5,750
Closing Costs
$10,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,500
Loan Amount $523,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$15,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,040

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,0404$3,1005$3,100
$3,100
RENT COMPS ANALYSIS
  • 3272 E Denali Drive Ontario, CA 3
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.02
    •  
  • 3259 E Yosemite Drive Ontario, CA 1
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 2018
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.96
    •  
  • 3267 E Yosemite Drive Ontario, CA 2
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 2018
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
  • 3258 E Denali Dr Ontario, CA 4
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.04
    •  
  • 3224 E Yosemite Dr Ontario, CA 5
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2019
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.07
    •  
PROPERTY LISTING DETAILS
Yinling Lin
168 Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21037358
Last Updated: 02/25/2021
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