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11318 Jacaranda Circle 
Fontana, CA
92337
5 Beds 3 Baths 2,017 sqft
Built 1998
INVESTimate
$435,000
List Price
$121,025
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PROPERTY INFO
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!
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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: Southridge Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southridge Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$121,025
LOAN DETAILS
$1,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
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
-
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
Tng Real Estate Consultants
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IG20173328
Last Updated: 08/25/2020
