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11328 Rancherias Drive Fontana, CA 92337

3 Beds 3 Baths 1,494 sqft Built 1986

$475,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $317.94
  • 5 Days on Market
  • MLS # : IG21050883
  • Updated Date : 03/12/2021 at 13:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,494 sqft
  • Baths : 2 full , 1 half
Listing Agent

Professional Realty Services Inc.

Listing Agent's Description

Just Listed! Stunning 3 bedroom, 2.5 bath home in Fontana. You are welcomed into an inviting living room with soaring ceilings, a brick fireplace, tile floors and custom paint. The dining area has a pretty ceiling fan and a peaceful view through the French patio doors of the large back yard. The sunny kitchen offers newer cabinets, stainless steel appliances and ample storage. Upstairs you'll find a romantic master with private full bath, two more bedrooms, an upgraded hall bath, and a loft. Like to entertain? There is an enormous covered patio and a pool sized back yard. Upgrades include a newer roof, fresh paint, newer ice cold a/c, ceiling fans and raised panel doors. Located in the community of Southridge, this home is across from Chaparral Park. Commuter close to Ontario Airport and the 60 freeway, this home is also close to Ontario Mills, Victoria Gardens, fine dining, and entertainment. Plan your visit today!

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
Chaparral Elementary School Primary Regular 407 14 5
Southridge Middle School Middle Regular 1,064 43 5
Henry J. Kaiser High School High Regular 2,391 106 6

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 14
5
GreatSchools Rating

Southridge Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 43
5
GreatSchools Rating

Henry J. Kaiser High School

  • Education Level: High
  • # of students: 2,391
  • # of teachers: 106
6
GreatSchools Rating
 

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

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,650
Property Tax -$564
Property Insurance -$63
Property Management Fees -$118
CASH FLOW
-$396

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

$2,000

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $2,039

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0504$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 11328 Rancherias Drive Fontana, CA 2
    • 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.34
    •  
  • 13793 Green Vista Drive Fontana, CA 1
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1996
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.32
    •  
  • 11857 Banana Avenue Fontana, CA 3
    • 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1984
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.37
    •  
  • 14377 Glenoak Place Fontana, CA 4
    • 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 1986
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.36
    •  
  • 14185 Woodland Drive Fontana, CA 5
    • 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1985
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.41
    •  
PROPERTY LISTING DETAILS
Liane Thomas
Professional Realty Services Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IG21050883
Last Updated: 03/12/2021
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