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13732 Bay Street Fontana, CA 92336

3 Beds 3 Baths 1,698 sqft Built 1989

$500,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $294.46
  • 4 Days on Market
  • MLS # : CV20233860
  • Updated Date : 11/06/2020 at 10:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,698 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Associates Realty Group

Listing Agent's Description

AGENTS...... BRING ALL OF YOUR QUALIFIED BUYERS TO SEE THIS AMAZING PROPERTY IN NORTH FONTANA. THE SELLER IS VERY MOTIVATED AND READY TO GO! NEED A FAST ESCROW!!!!! THIS BEAUTIFUL HOME IS LOCATED IN A COZY COMMUNITY WITH UNBELIEVABLE VIEWS OF THE MOUNTAINS FROM THE REAR OF THE BACK YARD!! FEATURES: OPEN FLOOR PLAN, 3 NICE BEDROOMS AND A HALF BATH DOWN STAIRS. LOVELY FORMAL LIVING ROOM, OPEN KITCHEN WITH LOTS OF STORAGE SPACE AND THE REFRIGERATOR IS INCLUDED. THERE IS A FAMILY ROOM OFF OF THE KITCHEN WITH COZY A FIREPLACE. THE HEATING AND AIR IS NEW!!!! THE BACK YARD IS GREAT FOR THE KIDS OR PETS AND FAMILY BBQ!! THIS HOME IS IN GREAT CONDITION AND READY FOR OCCUPANCY. PLEASE BRING ALL OFFERS!!!! THIS HOME WILL NOT LAST LONG!!!!

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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: West End

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $148k584k

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

Neighborhood: West End

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* 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
East Heritage Elementary School Primary Regular 586 23 7
Heritage Intermediate School Middle Regular 1,240 48 8
Etiwanda High School High Regular 3,458 126 8

East Heritage Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 23
7
GreatSchools Rating

Heritage Intermediate School

  • Education Level: Middle
  • # of students: 1,240
  • # of teachers: 48
8
GreatSchools Rating

Etiwanda High School

  • Education Level: High
  • # of students: 3,458
  • # of teachers: 126
8
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,845
Property Tax -$557
Property Insurance -$68
Property Management Fees -$129
CASH FLOW
-$410

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.

$500,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,598

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,309

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,3003$2,3504$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 13732 Bay Street Fontana, CA 1
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.29
    •  
  • 13688 Tioga Court Fontana, CA 2
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1988
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.34
    •  
  • 14086 Valley Forge Court Fontana, CA 3
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1994
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.31
    •  
  • 13655 W Constitution Way Fontana, CA 4
    • 4 beds 3 baths ∙ 1,712 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,712 Sqft ∙ Built 1988
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.40
    •  
  • 7662 Tuscany Place Rancho Cucamonga, CA 5
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2003
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.39
    •  
PROPERTY LISTING DETAILS
Arnold Carmody
The Associates Realty Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20233860
Last Updated: 11/06/2020
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