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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $343.04
- 3 Days on Market
- MLS # : BB21035415
- Updated Date : 02/19/2021 at 17:11
CONSTRUCTION
- Beds : 4
- Floor Size : 1,603 sqft
- Baths : 3 full
Listing Agent
Homeworks Realty
Listing Agent's Description
Beautiful Family home located on a quite cul de sac min away from 15 frwy. This home boast 4 bedrooms /3 baths open floorplan which includes a master suite with mountain views from upstairs bedrooms 1 bedroom and bath downstairs. Outdoors you will find a 3 car garage with RV parking and a large entertainers yard. Bring your pickiest buyers .
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MARKET HIGHLIGHTS
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 92335
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92335
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$502 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$123 | |
|
CASH FLOW
-$521
|
||
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.
$549,888
PROJECTED PRICE
$2,080
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,470
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,472 |
| Loan Amount | $412,416 |
1.08
YEARS SAVED
$2,491
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$1.3
LIST RENT PER SQFT
-
$2,164
COMP ESTIMATED VALUE -
$1.35
COMP AVG. RENT PER SQFT
Comps Range
-
13795 Seville Avenue Fontana, CA 2
- 4 beds 3 baths ∙ 1,603 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,603 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,080
- $1.30
-
13675 Alexander Court Fontana, CA 1
- 4 beds 3 baths ∙ 1,649 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,649 Sqft ∙ Built 1988
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,975
- $1.20
-
13688 Tioga Court Fontana, CA 3
- 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
-
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
-
14031 Catalina Court Fontana, CA 5
- 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 1994
LEASED 10/10/20- Rent
- Rent Per SQFT
- $2,600
- $1.46
PROPERTY LISTING DETAILS
Homeworks Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: BB21035415
Last Updated: 02/19/2021
