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9171 Arroyo Drive Colton, CA 92324

4 Beds 2 Baths 1,953 sqft Built 1978

$475,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $243.22
  • 5 Days on Market
  • MLS # : IV20264428
  • Updated Date : 01/02/2021 at 18:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,953 sqft
  • Baths : 2 full
Listing Agent

Movoto, Inc.

Listing Agent's Description

Beautiful Single Story 4 bedroom, 2 bath home on 1 acre with a pool!! This house has it all......horse property located in Reche Canyon. This home features a large kitchen with granite counters, stainless fridge, dishwasher and wine fridge, with plenty of space to add an island if desired. Tile floors throughout except carpet in the bedrooms. Master bedroom with walk in closet, master bath shower with new modern farmhouse tile and a dual sink vanity. Dual paned windows throughout, fireplace in the family room. Large fenced coral area for your horses and animals. Plenty of room to park your RV and toys. Take advantage of all the room and feel like you're living in the country...... Horse trails throughout Reche Canyon

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

Zip Code: 92324

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $105k459k

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

Zip Code: 92324

ZipNIR 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
Reche Canyon Elementary School Primary Regular 625 27 4
Reche Canyon Elementary School Middle Regular 625 27 4
Grand Terrace High School High Unknown 2,347 92 4

Reche Canyon Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 27
4
GreatSchools Rating

Reche Canyon Elementary School

  • Education Level: Middle
  • # of students: 625
  • # of teachers: 27
4
GreatSchools Rating

Grand Terrace High School

  • Education Level: High
  • # of students: 2,347
  • # of teachers: 92
4
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,753
Property Tax -$457
Property Insurance -$74
Property Management Fees -$138
CASH FLOW
-$82

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.

$475,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 10.8%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$27,519

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,051

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$2,2004$2,3005$2,340
$2,340
RENT COMPS ANALYSIS
  • 9171 Arroyo Drive Colton, CA 5
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.20
    •  
  • 23968 Lone Pine Drive Moreno Valley, CA 1
    • 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1989
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
  • 10491 Sagecrest Drive Moreno Valley, CA 2
    • 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 1987
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.09
    •  
  • 10630 Silverleaf Circle Moreno Valley, CA 3
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1989
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
  • 23888 Lone Pine Drive Moreno Valley, CA 4
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1989
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
PROPERTY LISTING DETAILS
Andrea Day
Movoto, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20264428
Last Updated: 01/02/2021
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