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535 W D Street #J Ontario, CA 91762

4 Beds 3 Baths 1,812 sqft Built 2006

$468,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $258.28
  • 8 Days on Market
  • MLS # : TR20235567
  • Updated Date : 11/08/2020 at 13:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,812 sqft
  • Baths : 3 full
Listing Agent

168 Realty Inc.

Listing Agent's Description

Beautiful townhouses built in 2006, this beautiful townhouse is one of only 15 units in the quiet "Shanga Villa". Close to city square, library, local school, groceries store and public transit. The property come with 4 bedrooms, 3 full bathrooms, and a 2 car attached garage with ample storage space. The interior feels like a detached home, showing off dramatic Cathedral ceiling, an open floor plan, tall windows providing natural light inside, and an impressive wrought iron staircase. This home features Granite Counter tops throughout, skylights, beautiful light fixtures, and recess lighting. The huge Master Suite with its high ceiling provides more than enough space for a retreat/entertainment area. It has "His" and "Her" separate walk-in closets, en-suite bathroom that has an oversize bathtub, separate shower and dual sinks.One bedroom and bathroom is located on the first level which is perfect for family members that cannot handle stairs. You definitely don't want to miss the opportunity to call this your home.

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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: Downtown West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k477k

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

Neighborhood: Downtown West

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2900100011001200130014001500160017001800190020002100Rent in $8832126

* 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
Hawthorne Elementary School Primary Regular 761 29 4
Hawthorne Elementary School Middle Regular 761 29 4
Chaffey High School High Regular 3,530 138 4

Hawthorne Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 29
4
GreatSchools Rating

Hawthorne Elementary School

  • Education Level: Middle
  • # of students: 761
  • # of teachers: 29
4
GreatSchools Rating

Chaffey High School

  • Education Level: High
  • # of students: 3,530
  • # of teachers: 138
4
GreatSchools Rating
 

$421,200$514,800$468,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,727
Property Tax -$431
Property Insurance -$71
HOA -$367
Property Management Fees -$145
CASH FLOW
-$290

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.

$468,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$129,770

INVESTMENT

$129,770

Down Payment
$117,000
Rehab Estimate
$5,750
Closing Costs
$7,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,727

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,000
Loan Amount $351,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,398

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2803$2,4504$2,600
$2,600
RENT COMPS ANALYSIS
  • 535 W D Street Ontario, CA 3
    • 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.35
    •  
  • 188 Olive Avenue Upland, CA 1
    • 3 beds 3 baths ∙ 1,497 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,497 Sqft ∙ Built 2018
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.47
    •  
  • 928 S Bon View Avenue Ontario, CA 2
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005
    property image
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.20
    •  
  • 5242 El Morado Street Montclair, CA 4
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2014
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.30
    •  
PROPERTY LISTING DETAILS
Christian Chao
168 Realty Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR20235567
Last Updated: 11/08/2020
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