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13672 Newcastle Court Fontana, CA 92335

4 Beds 3 Baths 2,214 sqft Built 2013

$539,999

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $243.90
  • 6 Days on Market
  • MLS # : PW20247669
  • Updated Date : 12/03/2020 at 13:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,214 sqft
  • Baths : 2 full , 1 half
Listing Agent

King Realty Group Inc

Listing Agent's Description

FONTANA HUGE LOT 4 bedroom home in cul-de-sac with NO HOA'S. Home is turnkey with open floor plan, like new paint throughout to match any color schemes. Tile at entry, perfect size formal living room, large kitchen comes w/upgraded cabinets and knobs, built-in microwave, counter tops have a marble like finish w/much counter space perfect for baking & hosting. Kitchen opens up to a nice size cozy family room. This 4 bedrooms 2 1/2 bathroom home comes w/upgraded whole house fan, lovely staircase, water softener, tankless water heater, new solar system @ 4.56 kilowatts. Separate laundry-room w/upgraded cabinets located upstairs for convenience. Showers have upgraded shower heads. Blinds throughout every window. Extended drive way with possible RV parking, Direct access from 2 car garage w/much garage space. Huge Backyard with sprinkler system, large wrap around concrete patio slab, enclosed dog run, retaining wall with so much potential for pool and great for entertaining, relaxing & enjoying those nice summer evenings. *****2.5 miles FROM VICTORIA GARDENS!!!!!!!*****

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 92335

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $114k470k

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

Zip Code: 92335

ZipNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112139

* 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
Almond Elementary School Primary Regular 592 21 3
Almond Elementary School Middle Regular 592 21 3
Summit High School High Regular 2,606 108 6

Almond Elementary School

  • Education Level: Primary
  • # of students: 592
  • # of teachers: 21
3
GreatSchools Rating

Almond Elementary School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 21
3
GreatSchools Rating

Summit High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 108
6
GreatSchools Rating
 

$485,999$593,999$539,999

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,992
Property Tax -$615
Property Insurance -$81
Property Management Fees -$146
CASH FLOW
-$364

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.

$539,999

PROJECTED PRICE

$2,470

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
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-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $404,999
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$10,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,723

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,470
1$2,4702$2,7003$2,8004$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 13672 Newcastle Court Fontana, CA 1
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.12
    •  
  • 13258 Stanton Dr Rancho Cucamonga, CA 2
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2015
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.31
    •  
  • 13161 Joliet Drive Rancho Cucamonga, CA 3
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2015
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.18
    •  
  • 8288 Pecan Avenue Rancho Cucamonga, CA 4
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2015
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.20
    •  
  • 13281 Joliet Drive Rancho Cucamonga, CA 5
    • 5 beds 3 baths ∙ 2,366 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,366 Sqft ∙ Built 2016
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.23
    •  
PROPERTY LISTING DETAILS
Justin Itzen
King Realty Group Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20247669
Last Updated: 12/03/2020
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