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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $341.06
- 2 Days on Market
- MLS # : IG20259717
- Updated Date : 01/02/2021 at 20:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,466 sqft
- Baths : 2 full , 1 half
Listing Agent
Professional Realty Services Inc.
Listing Agent's Description
Just Listed! Stunning home in Village of Heritage, Fontana. This highly upgraded home features 3 bedrooms, 2.5 baths, a beautiful backyard, and a 3 car garage. You'll enter to a formal living room (currently used as a formal dining room) that has warm wood floors and a 2 sided fireplace. Around the corner is the inviting family room. The family room features tile floors, brick fireplace, a slider to the backyard and is open to the recently remodeled kitchen. The cook in the family will appreciate the granite counter tops, glass tile backsplash, canned lights, stainless steel appliances, and ample cabinet space. There is a remodeled powder room downstairs. Upstairs you'll find the 3 roomy bedrooms, including the romantic master suite. The master has vaulted ceilings, walk in closet, and private bath. The bath has 2 sinks, barn style door, and tiled shower. The other two rooms share a hall bath. Energy efficient upgrades include new double pane windows and ceiling fans. Other recent upgrades include shutters, newer carpet, fresh paint, raised panel doors, and so much more. The profesionally landscaped back yard is an oasis for all to enjoy and has a covered patio. Located on a quiet cul de sac, and within the boundries of award winning Etiwanda School Distract. Walk to community park, Elementary and Jr. High schools, and minutes from Victoria Gardens, shopping, dining, and entertainment. Commuter close to the 15, 10, and 210 freeways. Low taxes, no HOA, plan your visit today!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West End
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,270 |
| EXPENSES | Loan Payment | -$1,845 |
| Property Tax | -$557 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$134 | |
|
CASH FLOW
-$329
|
||
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
$2,270
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,250
LOAN DETAILS
$1,845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
2.42
YEARS SAVED
$10,869
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,270
LIST RENT -
$1.55
LIST RENT PER SQFT
-
$1,931
COMP ESTIMATED VALUE -
$1.32
COMP AVG. RENT PER SQFT
Comps Range
-
14077 Valley Forge Court Fontana, CA 3
- 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,270
- $1.55
-
14084 Catalina Court Fontana, CA 1
- 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 1994
LEASED 10/28/19- Rent
- Rent Per SQFT
- $2,180
- $1.28
-
14093 Rothchild Court Fontana, CA 2
- 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 1994
LEASED 12/31/19- Rent
- Rent Per SQFT
- $2,250
- $1.32
-
14086 Valley Forge Court Fontana, CA 4
- 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
-
13724 Balboa Court Fontana, CA 5
- 4 beds 3 baths ∙ 1,732 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,732 Sqft ∙ Built 1990
LEASED 08/12/19- Rent
- Rent Per SQFT
- $2,350
- $1.36
PROPERTY LISTING DETAILS
Professional Realty Services Inc.
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: IG20259717
Last Updated: 01/02/2021
