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INVESTimate
$496,900
List Price
$137,429
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2010
- Price/Sqft : $232.85
- 4 Days on Market
- MLS # : WS20172930
- Updated Date : 08/24/2020 at 21:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,134 sqft
- Baths : 3 full , 1 half
Listing Agent
Jyg Royal Investment Co
Listing Agent's Description
Beautiful, Turn-key condition by builder Taylor Woodrow Homes in the GATED community of Bellafina. This beautiful CORNER LOT- three level detached PUD home features 3 bedrooms, 3.5 baths. 2 car garage with direct access. The third floor has an additional loft with a private door access, which can be a 4th BEDROOM (2nd MASTER SUITE)!! Cozy kitchen with upgraded granite counter tops, stainless steel appliances, The house features tiles and carpet, recessed lighting, dual pane windows with window blinds, Central A/C & heating, Jack & Jill bathroom, indoor laundry and a master suite with a walk-in closet and a small balcony that allows you to look out the neighborhood!! A MUST SEE home with many upgrades! No Mello Roos! Low HOA is only $130/month, which includes gate, parks, nightly security patrol, playground, picnic tables and BBQ area, perfect to entertain guests. 10 mins drive to COSTCO. Centrally located to Montclair Plaza & various shopping centers, dining, Ontario Airport, hospitals, the freeways 10/57/60/71, schools and universities such as La Verne University/Pomona Collage/Clairmont College. Good for own residence or investment! THIS WILL GO FAST!!
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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: Montclair
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Montclair
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,280 |
EXPENSES | Loan Payment | -$1,833 |
Property Tax | -$456 | |
Property Insurance | -$79 | |
HOA | -$130 | |
Property Management Fees | -$135 | |
CASH FLOW
-$353
|
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.
$496,900
PROJECTED PRICE
$2,280
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.76% |
Appreciation Year (1-5) | 7.20% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.41% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,429
LOAN DETAILS
$1,833
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $124,225 |
Loan Amount | $372,675 |
2.08
YEARS SAVED
$8,034
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,280
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$2,305
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Jyg Royal Investment Co
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: WS20172930
Last Updated: 08/24/2020