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

11894 Cascada Court Fontana, CA 92337

3 Beds 3 Baths 2,081 sqft Built 1993

INVESTimate

$415,500

List Price

$2,400

$2,160 - $2,640

Rent Est.

$449,322  ( +8.14%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1993
  • Price/Sqft : $199.66
  • 14 Days on Market
  • MLS # : EV20164523
  • Updated Date : 08/23/2020 at 05:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,081 sqft
  • Baths : 3 full
Listing Agent

Realty Masters & Associates

Listing Agent's Description

Coming Soon!!! August 21,2020. This beautiful home located in South Ridge features 4 bedrooms, 3 full baths, 3 car garage, 2081 sq.ft of living space, Lot size 5,000. Master Bedroom features its own Master retreat with fire place and balcony to enjoy beverage of your liking while enjoying a relaxing view of the hills, Family & dinning room combined with a fireplace, spacious formal living room. I bedroom downstairs & 3 bedroom upstairs. The back yard is big enough for entertaining, This property is in a cul-de Sac less traffic, Its also close to the 10 & 15 frwy for commuting. Its close to High schools, Elementary and Jr High schools and shopping Markets. This property is a Probate listing and ready to sale. The right person/Family will enjoy all the amenities this property has to offer. Buyer Agents Bring your Buyers and lets close the deal!!! More Pictures are coming soon before August 21st.

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
Jurupa Vista Elementary School Primary Regular 590 23 4
Jurupa Vista Elementary School Middle Regular 590 23 4
Bloomington High School High Regular 2,037 84 4

Jurupa Vista Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 23
4
GreatSchools Rating

Jurupa Vista Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 23
4
GreatSchools Rating

Bloomington High School

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

$373,950$457,050$415,500

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,533
Property Tax -$443
Property Insurance -$78
Property Management Fees -$142
CASH FLOW
$205

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.

$415,500

PROJECTED PRICE

$2,400

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.14%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,858

INVESTMENT

$115,858

Down Payment
$103,875
Rehab Estimate
$5,750
Closing Costs
$6,233

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,533

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,875
Loan Amount $311,625
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$56,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,596

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,4004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 11894 Cascada Court Fontana, 5
    • 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.15
    •  
  • 11432 Citrus Glen Lane Fontana, 1
    • 4 beds 3 baths ∙ 1,745 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,745 Sqft ∙ Built 1993
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.26
    •  
  • 15865 Falcon Court Fontana, 2
    • 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1998
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
  • 15464 Martos Road Fontana, 3
    • 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 2000
    LEASED 03/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.24
    •  
  • 11879 Cascada Court Fontana, 4
    • 4 beds 3 baths ∙ 1,747 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,747 Sqft ∙ Built 1989
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.37
    •  
PROPERTY LISTING DETAILS
Quincy Carswell
Realty Masters & Associates
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: EV20164523
Last Updated: 08/23/2020
BESbswy