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4815 Pastel Lane Ontario, CA 91762

4 Beds 3 Baths 2,389 sqft Built 2019

$608,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $254.50
  • 2 Days on Market
  • MLS # : IG21005435
  • Updated Date : 01/09/2021 at 21:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,389 sqft
  • Baths : 3 full
Listing Agent

Re/max Top Producers

Listing Agent's Description

Beautiful newly built upgraded two level Andalusian style, 4 bedroom and 3 bathroom, traditional single family detached home. Located in the master planned community of Park Place. The high ceilings give this home a very open and spacious feeling. Premium features include, a gourmet kitchen with Whirlpool Stainless Steel appliances, European Frame less Style Cabinets, Granite Counter tops, opens to the dining area and the family room perfect for entertainment and with plenty of recessed lighting. Landscaped front and backyard space with privacy. Concrete patio and canopy. First floor bedroom and full bathroom. Upstairs there is a loft, large master bedroom and bathroom with walk-in closet, laundry room and two more bedrooms with a full bathroom. Premium Stone Cottage exterior, large and generous Milguard windows and dual zone HVAC. Upgraded wood vinyl flooring, shuttles window covers and much more! Walking distance to parks and future elementary school. Conveniently located to many retail shopping locations including Eastvale COSTCO and In-N-Out Burger. This gorgeous turnkey home is 1 years new and builder’s warranty.

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 Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $144k584k

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

Neighborhood: Ontario Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q212001400160018002000220024002600Rent in $10762618

* 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
 

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

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,112
Property Tax -$534
Property Insurance -$85
HOA -$189
Property Management Fees -$163
CASH FLOW
-$322

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

$2,760

PROJECTED RENT

0.45%

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$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

2.67

YEARS SAVED

$13,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,735

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7003$2,7504$2,7605$2,800
$2,800
RENT COMPS ANALYSIS
  • 4815 Pastel Lane Ontario, CA 4
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.16
    •  
  • 4967 S Tangerine Way Ontario, CA 1
    • 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2018
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.20
    •  
  • 4755 S Garden Gate Lane Ontario, CA 2
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2018
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.12
    •  
  • 5043 S Heritage Paseo Ontario, CA 3
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2015
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.11
    •  
  • 4937 S Tangerine Way Ontario, CA 5
    • 3 beds 3 baths ∙ 2,441 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,441 Sqft ∙ Built 2018
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.15
    •  
PROPERTY LISTING DETAILS
Diana Rojas
Re/max Top Producers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21005435
Last Updated: 01/09/2021
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