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633 E Margarita Road Rialto, CA 92376

3 Beds 2 Baths 1,176 sqft Built 1955

INVESTimate

$360,000

List Price

$1,710

$1,539 - $1,881

Rent Est.

$392,580  ( +9.05%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1955
  • Price/Sqft : $306.12
  • 9 Days on Market
  • MLS # : DW20168472
  • Updated Date : 08/18/2020 at 12:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

Century 21 Allstars

Listing Agent's Description

WELCOME TO RIALTO!!! All COVID safety regulations will be followed Wearing masks, gloves, and foot coverings. This gorgeous single level home in Rialto has great curb appeal and plenty of upgrades throughout! It’s in pristine condition & features 3 spacious bedrooms, 2 full bathrooms, a spacious living room with fireplace, a dining area, a great sized kitchen that has granite countertops with custom cabinets and new copper plumbing throughout some of the house. The house also has great air conditioning for these hot days and much more to offer so please stop by or call with more details. The home has 1,176 square feet of living space and the lot is over 7,800 which offers a great sized back yard with fruit trees. There are also many amenities nearby, major Super Markets, a hospital, schools, freeways & restaurants and within minutes to the freeway. This home is a gem and will not last long! Thank you for viewing this home. ALL PERSONS THAT ENTER THE PROPERTY MUST SIGN CAR PEAD FORMS prior to entering.

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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

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
Morgan Elementary School Primary Regular 589 19 3
Frisbie Middle School Middle Regular 1,229 48 2
Eisenhower High School High Regular 2,456 99 4

Morgan Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 19
3
GreatSchools Rating

Frisbie Middle School

  • Education Level: Middle
  • # of students: 1,229
  • # of teachers: 48
2
GreatSchools Rating

Eisenhower High School

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

$324,000$396,000$360,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,328
Property Tax -$420
Property Insurance -$56
Property Management Fees -$101
CASH FLOW
-$194

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.

$360,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $1,450

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7003$1,7104$1,895
$1,895
RENT COMPS ANALYSIS
  • 633 E Margarita Road Rialto, 3
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.45
    •  
  • 320 E Rialto Avenue Rialto, 1
    • 3 beds 1 baths ∙ 1,285 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,285 Sqft ∙ Built 1953
    LEASED 04/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.17
    •  
  • 176 E Home Street Rialto, 2
    • 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1959
    LEASED 05/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.28
    •  
  • 1579 N Clifford Avenue Rialto, 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1960
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.25
    •  
PROPERTY LISTING DETAILS
Edrisi Aussenac
Century 21 Allstars
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: DW20168472
Last Updated: 08/18/2020
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