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3977 Yuba River Drive Ontario, CA 91761

3 Beds 3 Baths 1,419 sqft Built 1987

$465,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $327.70
  • 5 Days on Market
  • MLS # : TR21032984
  • Updated Date : 02/17/2021 at 18:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,419 sqft
  • Baths : 2 full , 1 half
Listing Agent

California Brokers

Listing Agent's Description

Come in and fall in love with this gorgeous newly upgraded, two story home located in the Creekside Village Community with open floor plan and vaulted ceilings in the living room with lots of windows that gives the home natural light. All windows have custom made shutters, New interior paint, crown molding, newer AC (only 2 years old) and double door entry. Spacious remodeled kitchen with stainless steel appliances. Three bedrooms, two full baths with one half bath downstairs. Indoor laundry room. Spacious entertaining back yard with covered patio. Property sits on one of the largest lots in the community at the end of a quiet cul-de-sac street. Property is located close to freeway, shopping & schools. Enjoy your daily walks to the many walking paths, parks or playgrounds of the Creekside Village Community which also features 3 swimming pools and spas, beautifully maintained jogging trail, tennis courts, Volleyball Courts, playgrounds and grounds keeping. All for just $72/month, an amazing value for all these amenities. We will be having showings beginning Saturday from 11AM-4PM. Book as soon as possible. Limited slots available.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $144k584k

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

Neighborhood: Creekside

NeighborhoodNIR 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
Creek View Elementary School Primary Regular 629 23 5
Grace Yokley Middle School Middle Regular 928 33 6
Colony High School High Regular 2,079 84 6

Creek View Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 23
5
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
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,615
Property Tax -$407
Property Insurance -$62
HOA -$72
Property Management Fees -$129
CASH FLOW
-$95

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.

$465,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.47%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$21,345

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1903$2,2004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 3977 Yuba River Drive Ontario, CA 2
    • 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.54
    •  
  • 2840 Oak Creek Drive Ontario, CA 1
    • 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1984
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.43
    •  
  • 3913 Yuba River Drive Ontario, CA 3
    • 3 beds 3 baths ∙ 1,401 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,401 Sqft ∙ Built 1987
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.57
    •  
  • 3730 Santiago Creek Way Ontario, CA 4
    • 3 beds 3 baths ∙ 1,428 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,428 Sqft ∙ Built 1986
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.61
    •  
  • 2644 Alder Creek Drive Ontario, CA 5
    • 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,512 Sqft ∙ Built 1983
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.59
    •  
PROPERTY LISTING DETAILS
Angelica Ruedas
California Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21032984
Last Updated: 02/17/2021
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