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

551 Holladay Place Rialto, CA 92376

3 Beds 1 Baths 1,037 sqft Built 1956

$379,999

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1956
  • Price/Sqft : $366.44
  • 12 Days on Market
  • MLS # : CV20227550
  • Updated Date : 11/06/2020 at 05:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,037 sqft
  • Baths : 1 full
Listing Agent

Re/max Time

Listing Agent's Description

UNIQUE GATED HOME. ABOVE GROUND POOL & SPA. HUGE COVER PATIO EQUIPPED FOR FAMILY GATHERINGS. THIS SINGLE-FAMILY HOME HAS PLENTY TO OFFER AND IDEALLY SITUATED IN QUIET AREA OF RIALTO. THIS HOME COMES WITH OAKWOOD COLOR KITCHEN CABINETS, GRANITE COUNTER TOPS, LAUNDRY AT THE COVER PATIO,WATER SOFTENER FILTER; LAMITATE AND CARPET FLOORING THROUGHOUT THE HOME, SHINGLES ON THE ROOF, CENTRAL A/C AND HEATER TO KEEP THE HOME FRESH AND WARM. THIS HOME OFFERS SPACIOUS PATIO, THREE BEDROOMS, ONE BATHROOM, AN ATTACHED ONE CAR-GARAGE, WITH ACCESS TO BRING YOUR CAR TO THE BACK LOT THROUGH THE GARAGE. THE HOME IS WITHIN WALKING DISTANCE FROM THE BUS STOP, GROCERY STORES, BAKERY, BANKS AND SCHOOLS. IT IS ALSO LOCATED WITHIN DRIVING DISTANCE FROM RESTAURANTS, PARKS, BIKE TRAIL, MEDICAL OFFICES, VET FOR YOUR PET, LIBRARY, RIALTO CITY HALL, THE POST OFFICE, AND ACCESSIBLE TO THE 10, AND 210 FREEWAYS. THIS ONE WON'T LAST.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rialto

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k459k

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

Neighborhood: Rialto

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700180019002000Rent in $9112044

* 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
Werner Elementary School Primary Regular 914 33 4
Rialto Middle School Middle Regular 1,252 56 2
Eisenhower High School High Regular 2,456 99 4

Werner Elementary School

  • Education Level: Primary
  • # of students: 914
  • # of teachers: 33
4
GreatSchools Rating

Rialto Middle School

  • Education Level: Middle
  • # of students: 1,252
  • # of teachers: 56
2
GreatSchools Rating

Eisenhower High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 99
4
GreatSchools Rating
 

$341,999$417,999$379,999

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,402
Property Tax -$411
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$434

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.

$379,999

PROJECTED PRICE

$1,530

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $284,999
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$897

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $1,130

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4253$1,530
$1,530
RENT COMPS ANALYSIS
  • 551 Holladay Place Rialto, CA 3
    • 3 beds 1 baths ∙ 1,037 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,037 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.48
    •  
  • 432 W Jackson Street Rialto, CA 1
    • 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1971
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.04
    •  
  • 413 W Jackson Street Rialto, CA 2
    • 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1971
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.14
    •  
PROPERTY LISTING DETAILS
Steve Gomez
Re/max Time
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20227550
Last Updated: 11/06/2020
BESbswy