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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $242.59
- 2 Days on Market
- MLS # : CV20260348
- Updated Date : 12/19/2020 at 15:20
CONSTRUCTION
- Beds : 4
- Floor Size : 1,855 sqft
- Baths : 2 full
Listing Agent
Homesmart, Evergreen Realty
Listing Agent's Description
Beautiful Home 4 Bedrooms 3 Baths with 3 Car Garage, nice size front and back yard. Mountain View located in the well established creek side community. Large Kitchen and Nook with Large Family Room Attached. Dual Pane Windows. Open Living Room and Dining Room with vaulted Ceilings. Tile Floors Downstairs, Beautiful Wood Stairs and Dark Oak Flooring on Landing and Hall. Three Full Car Garage with Built in Storage and Washer and Dryer Hook Ups. Community swimming pool, playground and tennis court!
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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: Creekside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creekside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,350 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$394 | |
| Property Insurance | -$72 | |
| HOA | -$230 | |
| Property Management Fees | -$139 | |
|
CASH FLOW
-$145
|
||
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.
$450,000
PROJECTED PRICE
$2,350
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
3.92
YEARS SAVED
$19,471
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$1.27
LIST RENT PER SQFT
-
$2,342
COMP ESTIMATED VALUE -
$1.26
COMP AVG. RENT PER SQFT
Comps Range
-
3657 San Lorenzo River Road Ontario, CA 3
- 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $2,350
- $1.27
-
2717 Foxglen Ontario, CA 1
- 4 beds 3 baths ∙ 1,760 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,760 Sqft ∙ Built 1987
![property image]()
LEASED 09/05/20- Rent
- Rent Per SQFT
- $2,200
- $1.25
-
2705 Applewood Drive Ontario, CA 2
- 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1986
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $2,300
- $1.27
-
3511 Strawberry Creek Place Ontario, CA 4
- 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 1994
![property image]()
LEASED 12/10/20- Rent
- Rent Per SQFT
- $2,400
- $1.25
-
3517 Strawberry Creek Place Ontario, CA 5
- 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1995
![property image]()
LEASED 11/09/20- Rent
- Rent Per SQFT
- $2,400
- $1.28
PROPERTY LISTING DETAILS
Homesmart, Evergreen Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20260348
Last Updated: 12/19/2020
