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11545 Volante Drive Fontana, CA 92337

5 Beds 3 Baths 2,010 sqft Built 2000

$499,999

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
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

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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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $143k509k

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

Neighborhood: South Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822414

* 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
Sycamore Hills Elementary School Primary Regular 911 36 6
Sycamore Hills Elementary School Middle Regular 911 36 6
Bloomington High School High Regular 2,037 84 4

Sycamore Hills Elementary School

  • Education Level: Primary
  • # of students: 911
  • # of teachers: 36
6
GreatSchools Rating

Sycamore Hills Elementary School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 36
6
GreatSchools Rating

Bloomington High School

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

$449,999$549,999$499,999

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

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
$2,350
1$2,3502$2,4003$2,4504$2,5405$2,550
$2,550
RENT COMPS ANALYSIS
  • 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
Steve Gomez
Re/max Time
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21007463
Last Updated: 01/16/2021
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