Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $248.76
- 6 Days on Market
- MLS # : CV21007463
- Updated Date : 01/16/2021 at 07:38
CONSTRUCTION
- Beds : 5
- Floor Size : 2,010 sqft
- Baths : 3 full
Listing Agent
Re/max Time
Listing Agent's Description
THIS IS A GORGEOUS FAMILY HOME THAT HAS PLENTY TO OFFER AND IDEALLY SITUATED IN ONE OF THE QUIETS AREAS OF FONTANA AND GORGEOUS VIEWS. THIS HOME COMES WITH A LAUNDRY ROOM, A FIREPLACE, OAKWOOD COLOR KITCHEN CABINETS IN GREAT CONDITIONS, TILE COUNTERTOPS, TILE FLOORING THROUGHOUT THE KITCHEN AND DINING AREAS. CARPET FLOORING IN THE ROOMS AND THE LIVING AREA. TILE ON THE ROOF, CENTRAL AIR AND HEATER AND ONE CEILING FAN AT THE DINING AREA. WELL MANICURED FRONT YARD. THIS HOME OFFERS VERY SPACIOUS LIVING ROOM, TWO CAR-GARAGE. THE HOME IS WITHIN A WALKING DISTANCE FROM, BUS STOP, RESTAURANTS, GROCERY STORES, PARKS, BIKE TRAIL, VET FOR YOUR PET, AND THE POST OFFICE. IT IS ALSO LOCATED WITHIN DRIVING DISTANCE FROM KAISER PERMANENTE MEDICAL CENTER, THEATERS, NEW CAR DEALERS, COSTCO, LOWES, HOME DEPOT, AND ACCESSIBLE TO THE 10, 15 AND 60 FREEWAYS. THIS HOME WON'T LAS. PROFESSIONAL PICTURES ON THE WAY
SEE MORE
MARKET HIGHLIGHTS
- 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.
- 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)
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 | $2,540 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$457 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$150 | |
|
CASH FLOW
$121
|
||
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.
$499,999
PROJECTED PRICE
$2,540
PROJECTED RENT
0.51%
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
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $374,999 |
7.25
YEARS SAVED
$44,774
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$2,472
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
11545 Volante Drive Fontana, CA 4
- 5 beds 3 baths ∙ 2,010 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,010 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,540
- $1.26
-
17450 Pear Street Fontana, CA 1
- 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2001
LEASED 02/07/20- Rent
- Rent Per SQFT
- $2,350
- $1.16
-
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
-
11144 Daylilly Street Fontana, CA 3
- 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2002
LEASED 10/26/19- Rent
- Rent Per SQFT
- $2,450
- $1.31
-
16371 Applegate Drive Fontana, CA 5
- 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1995
LEASED 03/09/20- Rent
- Rent Per SQFT
- $2,550
- $1.36
PROPERTY LISTING DETAILS
Re/max Time
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV21007463
Last Updated: 01/16/2021
