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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $223.67
- 4 Days on Market
- MLS # : CV21022499
- Updated Date : 02/27/2021 at 09:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,450 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Resources
Listing Agent's Description
Welcome home to this gorgeous property located in the sought out Country Club Estates community. This home boasts pride of ownership with custom features throughout. Stunning curb appeal offers a new custom garage door and mission style plank front door accompanied by a lovely porch entry trimmed with ivy wrapped columns for a beautiful Mediterranean feel. As you walk in you are greeted with large foyer that leads you into the formal living/dining area. Hardwood floors continue throughout. The kitchen & informal dining area have travertine floors that tie in beautifully with the granite counter tops and new kitchen cabinets. The entire home has plantation shutters, built in entertainment centers, 5.1 surround sound in wall speakers & new soft shut cabinets throughout. Entering the backyard through a deluxe French door with a retractable screen, you are greeted with a beautiful pergola and ivy wrapped pillars for a breathtaking backyard retreat. This is a premium lot and offers a lush grassy area with room for a pool. The gazebo, fire pit, and BBQ island are ready for entertaining. All four bedrooms & laundry room are located upstairs. One room is currently being used as a loft style game/teen room. This is a home you do not want to miss out on. Located on a quiet, prime cul de sac near plenty of shopping, walking trails, schools, easy freeway access, and Martin Tudor Regional Park. The abundance of custom, timeless features in this home is awaiting its new owner.
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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: South Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,903 |
| Property Tax | -$501 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$137 | |
|
CASH FLOW
-$308
|
||
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.
$548,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.43% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$150,970
LOAN DETAILS
$1,903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,000 |
| Loan Amount | $411,000 |
2.67
YEARS SAVED
$11,703
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,556
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
11327 El Fuego Court Fontana, CA 1
- 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,320
- $0.95
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16424 Applegate Drive Fontana, CA 2
- 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
-
11950 Briarcliff Avenue Fontana, CA 3
- 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2008
LEASED 09/04/20- Rent
- Rent Per SQFT
- $2,500
- $1.00
-
11471 Leatherleaf Road Fontana, CA 4
- 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 1993
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,500
- $1.04
PROPERTY LISTING DETAILS
Re/max Resources
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21022499
Last Updated: 02/27/2021
