Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5068 S Secret Garden Lane Ontario, CA 91762

4 Beds 4 Baths 2,507 sqft Built 2017

$605,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $241.32
  • 3 Days on Market
  • MLS # : WS20247361
  • Updated Date : 11/27/2020 at 11:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,507 sqft
  • Baths : 3 full , 1 half
Listing Agent

Kw Vision

Listing Agent's Description

.

SEE MORE

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: 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
 

$544,500$665,500$605,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,232
Property Tax -$535
Property Insurance -$88
HOA -$138
Property Management Fees -$156
CASH FLOW
-$509

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.

$605,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.44%

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-$10k-$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$166,075

INVESTMENT

$166,075

Down Payment
$151,250
Rehab Estimate
$5,750
Closing Costs
$9,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,232

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $151,250
Loan Amount $453,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,626

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,6402$2,6503$2,7004$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 5068 S Secret Garden Lane Ontario, CA 1
    • 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.05
    •  
  • 4984 S Rosemary Way Ontario, CA 2
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2017
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.06
    •  
  • 5083 S Centennial Circle Ontario, CA 3
    • 4 beds 2 baths ∙ 2,678 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,678 Sqft ∙ Built 2015
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 5093 S Centennial Circle Ontario, CA 4
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2015
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 5043 S Heritage Paseo Ontario, CA 5
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2015
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.11
    •  
PROPERTY LISTING DETAILS
Yiu Kwei
Kw Vision
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: WS20247361
Last Updated: 11/27/2020
BESbswy