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936 Ellen Street Colton, CA 92324

4 Beds 2 Baths 1,456 sqft Built 1979

INVESTimate

$369,990

List Price

$1,780

$1,602 - $1,958

Rent Est.

$411,281  ( +11.16%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $254.11
  • 3 Days on Market
  • MLS # : IG20173964
  • Updated Date : 08/24/2020 at 17:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,456 sqft
  • Baths : 2 full
Listing Agent

Were Realty

Listing Agent's Description

This charming single-story home offers 4 bedrooms and 2 bathrooms with a great open floor plan perfect for entertaining. The home has a newer roof with double pane windows and laminate flooring throughout, kitchen has solid wood cabinets with all appliances included. Indoor laundry room with plenty of storage and a spacious two car garage with plenty of parking space. This home is close to freeways, shopping and schools all this home is missing is you and your family to add your personal touch. Do not let this great opportunity pass you by.

SEE MORE

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: Colton

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k459k

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

Neighborhood: Colton

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
William Mckinley Elementary School Primary Regular 647 27 4
William Mckinley Elementary School Middle Regular 647 27 4
Colton High School High Regular 1,963 74 4

William Mckinley Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 27
4
GreatSchools Rating

William Mckinley Elementary School

  • Education Level: Middle
  • # of students: 647
  • # of teachers: 27
4
GreatSchools Rating

Colton High School

  • Education Level: High
  • # of students: 1,963
  • # of teachers: 74
4
GreatSchools Rating
 

$332,991$406,989$369,990

PURCHASE PRICE

$1,602$1,958$1,780

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$1.4M

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$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,365
Property Tax -$401
Property Insurance -$62
Property Management Fees -$105
CASH FLOW
-$153

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.

$369,990

PROJECTED PRICE

$1,780

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 11.16%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,797

INVESTMENT

$103,797

Down Payment
$92,498
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,498
Loan Amount $277,493
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,762

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7803$1,8004$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 936 Ellen Street Colton, 2
    • 4 beds 2 baths ∙ 1,456 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,456 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.22
    •  
  • 861 S Rexford Street Rialto, 1
    • 3 beds 3 baths ∙ 1,335 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,335 Sqft ∙ Built 1986
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.24
    •  
  • 1838 Golden Spike Drive Colton, 3
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1989
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.17
    •  
  • 446 E James Street Rialto, 4
    • 4 beds 3 baths ∙ 1,703 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,703 Sqft ∙ Built 1990
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 652 N Birch Avenue Rialto, 5
    • 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,710 Sqft ∙ Built 1989
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.26
    •  
PROPERTY LISTING DETAILS
David Davalos
Were Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20173964
Last Updated: 08/24/2020
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