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717 E D Street Ontario, CA 91764

3 Beds 2 Baths 1,258 sqft Built 1913

$529,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1913
  • Price/Sqft : $421.22
  • 6 Days on Market
  • MLS # : SW20241628
  • Updated Date : 11/19/2020 at 11:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,258 sqft
  • Baths : 2 full
Listing Agent

Kristine Garcia, Broker

Listing Agent's Description

Charming, Charming, Charming! This not to be missed, 3 bedroom, 2 bathroom Decorator's Delight is awaiting you! Kitchen is done with style and functionality, quartz counter tops, stainless steel farm style sink. Main bedroom is downstairs. Linger a while on the front porch for morning coffee or in the huge back yard for a fun bbq! Recently replaced garage with electric door opener, great for storage or use as a workshop. Alley access and toy parking on the side. Recently installed air conditioning and heating! Close to schools, restaurants, shopping, services. Great location for commuters! This absolutely is a one of a kind.

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: Parkside

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k477k

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

Neighborhood: Parkside

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2900100011001200130014001500160017001800190020002100Rent in $8932126

* 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
Berlyn Elementary School Primary Regular 759 31 3
Berlyn Elementary School Middle Regular 759 31 3
Chaffey High School High Regular 3,530 138 4

Berlyn Elementary School

  • Education Level: Primary
  • # of students: 759
  • # of teachers: 31
3
GreatSchools Rating

Berlyn Elementary School

  • Education Level: Middle
  • # of students: 759
  • # of teachers: 31
3
GreatSchools Rating

Chaffey High School

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

$476,910$582,890$529,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,955
Property Tax -$487
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$609

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.

$529,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 12.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,174

INVESTMENT

$146,174

Down Payment
$132,475
Rehab Estimate
$5,750
Closing Costs
$7,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,475
Loan Amount $397,425
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $2,214

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,010
1$2,0102$2,200
$2,200
RENT COMPS ANALYSIS
  • 717 E D Street Ontario, CA 1
    • 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1913 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1913
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.60
    •  
  • 626 E Nocta Street Ontario, CA 2
    • 3 beds 1 baths ∙ 1,249 Sqft ∙ Built 1913 3 beds 1 baths ∙ 1,249 Sqft ∙ Built 1913
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.76
    •  
PROPERTY LISTING DETAILS
Kristine Garcia
Kristine Garcia, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20241628
Last Updated: 11/19/2020
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