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340 E Saint Andrews Street Ontario, CA 91761

4 Beds 2 Baths 2,220 sqft Built 2001

$608,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $273.87
  • 7 Days on Market
  • MLS # : OC20264348
  • Updated Date : 01/07/2021 at 17:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,220 sqft
  • Baths : 2 full
Listing Agent

Hpt Realty

Listing Agent's Description

AS SOON AS YOU GET IN A SAINT ANDREWS ST FROM EUCLID THEN YOU WILL SEE AND FEEL HOW IS BEAUTIFUL AND NICELY NEIGHBORHOOD. THAT'S TRUE AND QUIETLY BUT PRETTY MUCH CLOSELY FROM ANY BUSINESS SHOPPING CENTER ALSO EASY ACCESS TO THE FREEWAY. THE HOUSE AT THE CORNER LOT FOR MORE PARKING TO GUEST WAS PROVIDING A REMODELING OF INTERIOR 3 YEARS AGO WITH INCLUDED ENGINEER LAMINATE WOOD FLOORING, ENTERTAINMENT SPEAKER SYSTEM BUILD, OPEN CONCEPT KITCHEN, AND LIVING ROOM WITH QUARTZ COUNTERTOP, DOUBLE OVEN BUILD IN, GAS COOKTOP HIGH CEILING & ALL CUSTOM SHUTTER TO EVERY WINDOW AND SLIDE DOOR. LARGE SIZE MASTERBED WITH DOUBLE BATHTUB AND STAND SHOWER & ROOMY WALKING CLOSET. GOOD SIZE BACKYARD WITH COMPLETED STAMP CONCRETE FOR A LOWER MAINTENANCE WITH ALMOST NEW ABOVE GROUND POOL AND FLOWER BED SURROUNDING & ALL BLOCK WALL FOR MORE PRIVACY BACKYARD. to view the virtual tour provided please copy and paste this link: "https://my.matterport.com/show/?m=j3gyr5WRHRz&help=0&hr=0&ts=1"

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: Ontario

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k477k

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

Neighborhood: Ontario

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112126

* 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
Liberty Elementary School Primary Regular 698 27 7
Liberty Elementary School Middle Regular 698 27 7
Chino High School High Regular 2,369 99 5

Liberty Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 27
7
GreatSchools Rating

Liberty Elementary School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 27
7
GreatSchools Rating

Chino High School

  • Education Level: High
  • # of students: 2,369
  • # of teachers: 99
5
GreatSchools Rating
 

$547,200$668,800$608,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,112
Property Tax -$636
Property Insurance -$81
Property Management Fees -$157
CASH FLOW
-$326

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.

$608,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$166,870

INVESTMENT

$166,870

Down Payment
$152,000
Rehab Estimate
$5,750
Closing Costs
$9,120

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,112

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,000
Loan Amount $456,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,441

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,714

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,6504$2,6605$3,000
$3,000
RENT COMPS ANALYSIS
  • 340 E Saint Andrews Street Ontario, CA 4
    • 4 beds 2 baths ∙ 2,220 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,220 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $1.20
    •  
  • 576 E Tam O Shanter Street Ontario, CA 1
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1995
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.18
    •  
  • 2819 S Sultana Avenue Ontario, CA 2
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2000
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.27
    •  
  • 12875 Cedro Avenue Chino, CA 3
    • 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2018
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.21
    •  
  • 345 W Saint Andrews Street Ontario, CA 5
    • 5 beds 3 baths ∙ 2,445 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,445 Sqft ∙ Built 2014
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.23
    •  
PROPERTY LISTING DETAILS
David Lieu
Hpt Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20264348
Last Updated: 01/07/2021
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