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3290 E Yountville Drive #8 Ontario, CA 91761

3 Beds 3 Baths 1,764 sqft Built 2015

$460,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $260.77
  • 7 Days on Market
  • MLS # : EV21021248
  • Updated Date : 02/06/2021 at 17:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,764 sqft
  • Baths : 2 full , 1 half
Listing Agent

Town & Country Real Estate

Listing Agent's Description

Welcome to this Gorgeous 3 Bedrooms, 2 1/2 Bathrooms, 2 Story Condo in the New Haven Community of Ontario Ranch!! Enjoy the Courtyard entry, the open Living Room and Kitchen area with a large center island perfect for entertaining, Crown molding throughout the home, ceiling fans, Ecobee thermostat, beautiful upgraded laminate floors on the first floor, and sliding door that open up to the private courtyard. Upstairs features a Master Bedroom with a spacious closet and a Master Bathroom with two bathroom vanities, plus the other two spacious bedrooms. The New Haven Community is part of a master planned development north of the Eastvale area and offers gated clubhouse, resort style pool, spa, barbecue and picnic areas, game center, fitness center, showers, and entertainment areas. This community is convenient to major shopping centers, including the New Haven Marketplace, Costco, dining, and other entertainment venues!!! Your buyers will not be disappointed!

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
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,598
Property Tax -$404
Property Insurance -$70
HOA -$151
Property Management Fees -$146
CASH FLOW
$111

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.

$460,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.54%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$39,572

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
  • $1.41

    LIST RENT PER SQFT
  • $2,474

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4004$2,4805$2,550
$2,550
RENT COMPS ANALYSIS
  • 3290 E Yountville Drive Ontario, CA 4
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.41
    •  
  • 3160 E Yountville Drive Ontario, CA 1
    • 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2017
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.42
    •  
  • 3164 E Mount Rainier Dr Ontario, CA 2
    • 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2018
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.43
    •  
  • 3221 E Olympic Drive Ontario, CA 3
    • 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
    •  
  • 3165 E E Olympic Dr Ontario, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Maricela Ochoa
Town & Country Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV21021248
Last Updated: 02/06/2021
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