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11833 Autumn Place Fontana, CA 92337

3 Beds 2 Baths 1,044 sqft Built 1986

$399,999

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $383.14
  • 8 Days on Market
  • MLS # : TR21015419
  • Updated Date : 01/29/2021 at 17:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,044 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Premier Prop

Listing Agent's Description

Welcome Home! This beautiful 3 bedroom and 2 bathroom home is located in the highly desired Southridge Village Community of Fontana! As you enter through the front door on tiled flooring you are greeted with an open airy family room with high crown molded ceilings, and plenty of natural light. Fully remodeled kitchen, complete with custom shaker cabinets, granite countertops, glass tile backsplash with stainless steel gas range, microwave, dishwasher and refrigerator. New Dual pane windows encompassing the entire property featuring custom shutters. Brand new A/C unit recently installed that efficiently cools and heats your home, keeping it the perfect temperature throughout the year. The generously spaced primary bedroom has an en suite bathroom and two closets one being a walk-in. Both secondary bedrooms offer mirrored closet doors and have wood laminate flooring. Second bathroom is located just down the hall which is perfect for guests and sharing between the secondary bedrooms. Attached 2 car garage has custom built in cabinets for extra storage. This community has No HOA! Just a short distance away from schools, parks and shopping centers along with easy access to freeways. You wouldn't want to miss out on this opportunity. ***Virtual Tour:https://my.matterport.com/show/?m=MHYpa4ucNzN&mls=1 ***https://drive.google.com/file/d/1Af19eIr8TQiJzDgr8POZk-ePznrX8cxx/view?usp=sharing

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: 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
Oak Park Elementary School Primary Regular 529 19 5
Southridge Middle School Middle Regular 1,064 43 5
Henry J. Kaiser High School High Regular 2,391 106 6

Oak Park Elementary School

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 19
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
 

$359,999$439,999$399,999

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,389
Property Tax -$475
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$16

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.

$399,999

PROJECTED PRICE

$2,020

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.1%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$23,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,020
$2,020
RENT COMPS ANALYSIS
  • 11833 Autumn Place Fontana, CA
    • 3 beds 3 baths ∙ 1,044 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,044 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.93
    •  
PROPERTY LISTING DETAILS
Letrice Barge
Keller Williams Premier Prop
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21015419
Last Updated: 01/29/2021
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