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524 W Morgan Street 
Rialto, CA
92376
4 Beds 2 Baths 1,258 sqft
Built 1955
INVESTimate
$380,000
List Price
$106,450
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PROPERTY INFO
FACTS
- Built In 1955
- Price/Sqft : $302.07
- 3 Days on Market
- MLS # : CV20173116
- Updated Date : 08/25/2020 at 16:05
CONSTRUCTION
- Beds : 4
- Floor Size : 1,258 sqft
- Baths : 2 full
Listing Agent
Re/max Time Realty
Listing Agent's Description
Rialto Turn-key home! This beautiful 4-bedroom, 2-bathroom single-family home located on a large 7,700 lot has RV parking which you can pull in all the way to the back yard.. This 1,258 Sq Ft open floor plan has enough room to entertain family and or friends. Upgrades include: Kitchen Cabinets, bathroom has been tiled, laminate wood flooring, double pane windows, recessed lighting, and much more . You will love the front yard and easy to maintain back yard with an awesome built in Bbq Grill. Also you are minutes from the new Rialto Renaissance Marketplace and shopping centers; so, Don't miss out yet again! And have your agent set up an appointment and or contact me directly for a private tour.
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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: Rialto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rialto
* 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 | $1,770 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$411 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$104 | |
|
CASH FLOW
-$205
|
||
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.
$380,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 9.05% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.41% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
2.83
YEARS SAVED
$10,043
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$1.41
LIST RENT PER SQFT
-
$1,451
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
524 W Morgan Street Rialto, 3
- 4 beds 2 baths ∙ 1,258 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,258 Sqft ∙ Built 1955
![property image]()
- Rent
- Rent Per SQFT
- $1,770
- $1.41
-
432 W Jackson Street Rialto, 1
- 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1971
![property image]()
LEASED 08/21/19- Rent
- Rent Per SQFT
- $1,250
- $1.04
-
320 E Rialto Avenue Rialto, 2
- 3 beds 1 baths ∙ 1,285 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,285 Sqft ∙ Built 1953
![property image]()
LEASED 04/15/19- Rent
- Rent Per SQFT
- $1,500
- $1.17
-
1579 N Clifford Avenue Rialto, 4
- 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1960
![property image]()
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,895
- $1.25
PROPERTY LISTING DETAILS
Re/max Time Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20173116
Last Updated: 08/25/2020
