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

552 E Hawthorne Street Ontario, CA 91764

3 Beds 2 Baths 1,720 sqft Built 1950

$489,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $284.83
  • 3 Days on Market
  • MLS # : IV20244407
  • Updated Date : 11/21/2020 at 21:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,720 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices California Properties

Listing Agent's Description

Great location on this 3 bedroom + 2 bath, 1720 sq. ft. home with rear 2--car garage and attached shop/bonus room. This home features Dual-pane-Low-E windows, Plantation shutters, Large Den/family room off kitchen, large indoor Laundry/Utility room and formal Living room with view of Mountains!!. Extra Long driveway for parking. This home is Close to Downtown Ontario off Beautiful Euclid ave., with easy Freeway access to 10 freeway, and Bonelli Regional Park/Puddingstone Lake in San Dimas and all Mountain activities. Good home in High Demand area.

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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k477k

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

Neighborhood: Ontario

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112126

* 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
Edison Elementary School Primary Regular 861 30 8
Edison Elementary School Middle Regular 861 30 8
Chaffey High School High Regular 3,530 138 4

Edison Elementary School

  • Education Level: Primary
  • # of students: 861
  • # of teachers: 30
8
GreatSchools Rating

Edison Elementary School

  • Education Level: Middle
  • # of students: 861
  • # of teachers: 30
8
GreatSchools Rating

Chaffey High School

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

$440,910$538,890$489,900

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 -$1,808
Property Tax -$451
Property Insurance -$69
Property Management Fees -$145
CASH FLOW
-$22

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.

$489,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.1%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$35,156

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
  • $1.42

    LIST RENT PER SQFT
  • $2,731

    COMP ESTIMATED VALUE
  • $1.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,4504$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 552 E Hawthorne Street Ontario, CA 3
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.42
    •  
  • 797 Olive Street E Upland, CA 1
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1943 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1943
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.44
    •  
  • 537 W J Street Ontario, CA 2
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1958
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.61
    •  
  • 738 W 7th Street Upland, CA 4
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1958
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.72
    •  
  • 375 S San Antonio Avenue Upland, CA 5
    • 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 1962
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.58
    •  
PROPERTY LISTING DETAILS
Bryan Rockwell
Berkshire Hathaway Homeservices California Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20244407
Last Updated: 11/21/2020
BESbswy