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13741 Sharon Court Fontana, CA 92336

4 Beds 3 Baths 1,698 sqft Built 1989

$524,999

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $309.19
  • 7 Days on Market
  • MLS # : TR21023952
  • Updated Date : 02/08/2021 at 14:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,698 sqft
  • Baths : 2 full , 1 half
Listing Agent

Foothill City Realty

Listing Agent's Description

This turn key stylish modern residence is nestled conveniently close to shops, school, parks, and fwy access. The home comes complete with an inviting open floorpan featuring a cozy double sided fireplace at living room/family room, four bedrooms, three bathrooms, and a two car attached garage. Other features inlcude a welcoming upgraded kitchen/dining area with an custom kitchen island, elegant stone counter tops, modern appliances, and tile flooring. And there is more, including a well presented fully landscaped private backyard with large concrete patio with brick accents, and fruit trees for the entire family to enjoy.

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: 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
 

$472,499$577,499$524,999

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,824
Property Tax -$585
Property Insurance -$68
Property Management Fees -$132
CASH FLOW
-$369

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.

$524,999

PROJECTED PRICE

$2,240

PROJECTED RENT

0.43%

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$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,749
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,971

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $2,356

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,3003$2,5004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 13741 Sharon Court Fontana, CA 1
    • 4 beds 3 baths ∙ 1,698 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,698 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.32
    •  
  • 7254 Trinity Street Fontana, CA 2
    • 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 1996
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
  • 13240 Lambrusco Court Rancho Cucamonga, CA 3
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2001
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.42
    •  
  • 13763 Berkeley Court Fontana, CA 4
    • 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 1989
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.36
    •  
  • 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
Sandro Ustrell
Foothill City Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: TR21023952
Last Updated: 02/08/2021
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