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11318 Jacaranda Circle Fontana, CA 92337

5 Beds 3 Baths 2,017 sqft Built 1998

INVESTimate

$435,000

List Price

$2,310

$2,079 - $2,541

Rent Est.

$470,409  ( +8.14%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $215.67
  • 3 Days on Market
  • MLS # : IG20173328
  • Updated Date : 08/25/2020 at 13:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,017 sqft
  • Baths : 3 full
Listing Agent

Tng Real Estate Consultants

Listing Agent's Description

Fontana Southridge Community! This home is located in a Cul-De-Sac, and features 5 Bedrooms and 3 Baths. There is One Bedroom and Full Bath downstairs. Spacious Backyard, with plenty of entertain area, and a large covered patio!

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: Southridge Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $143k470k

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

Neighborhood: Southridge Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100Rent in $10822139

* 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
Jurupa Vista Elementary School Primary Regular 590 23 4
Jurupa Vista Elementary School Middle Regular 590 23 4
Bloomington High School High Regular 2,037 84 4

Jurupa Vista Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 23
4
GreatSchools Rating

Jurupa Vista Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 23
4
GreatSchools Rating

Bloomington High School

  • Education Level: High
  • # of students: 2,037
  • # of teachers: 84
4
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,079$2,541$2,310

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,605
Property Tax -$463
Property Insurance -$76
Property Management Fees -$136
CASH FLOW
$29

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.

$435,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.14%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$36,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,335

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,2904$2,3105$2,400
$2,400
RENT COMPS ANALYSIS
  • 11318 Jacaranda Circle Fontana, 4
    • 5 beds 3 baths ∙ 2,017 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,017 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.15
    •  
  • 16248 Valleyvale Drive Fontana, 1
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1994
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 15865 Falcon Court Fontana, 2
    • 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1998
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
  • 11311 Sarah Court Fontana, 3
    • 4 beds 3 baths ∙ 1,841 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,841 Sqft ∙ Built 1989
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.24
    •  
  • 16424 Applegate Drive Fontana, 5
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1994
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
PROPERTY LISTING DETAILS
David Sanchez
Tng Real Estate Consultants
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG20173328
Last Updated: 08/25/2020
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