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14750 Shadow Drive Fontana, CA 92337

3 Beds 3 Baths 1,376 sqft Built 1988

$399,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $290.63
  • 4 Days on Market
  • MLS # : CV21004185
  • Updated Date : 01/07/2021 at 20:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,376 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Signature Rlty

Listing Agent's Description

Location! Location! Southridge Fontana! ~ Centrally located between the 60 & 10 Freeway ~Within walking distance to Schools, Parks, Market, Restaurants, & Stores ~ Vaulted Ceilings upon entry, a cozy fireplace in the living room which opens up to the kitchen and dining area. An abundance of Natural light throughout the entire home, Three Bedrooms & Two Full Baths Upstairs, & a Half Bath Downstairs ~ Newer kitchen cabinets and counter, Nice tiled floors throughout entire downstairs. ~ Walking distance to Shadow Hills Elementary, Southridge Middle School, Southridge Plaza with Market & Restaurants. Hiking Trails, Community park with Pool, Basketball Courts, Baseball Fields, Tennis Courts, Playgrounds. A Perfect home for a first time buyer or investor looking to get a monthly return on rents.

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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: Southridge Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $143k470k

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

Neighborhood: Southridge Village

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100Rent in $10822139

* 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
Canyon Crest Elementary School Primary Regular 553 19 4
Southridge Middle School Middle Regular 1,064 43 5
Henry J. Kaiser High School High Regular 2,391 106 6

Canyon Crest Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 19
4
GreatSchools Rating

Southridge Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 43
5
GreatSchools Rating

Henry J. Kaiser High School

  • Education Level: High
  • # of students: 2,391
  • # of teachers: 106
6
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,389
Property Tax -$475
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$33

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.

$399,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.43%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$21,481

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $2,012

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,010
1$2,0102$2,1003$2,1504$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 14750 Shadow Drive Fontana, CA 1
    • 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.46
    •  
  • 14185 Woodland Drive Fontana, CA 2
    • 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 1985
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.41
    •  
  • 11328 Teak Lane Fontana, CA 3
    • 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 1987
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.48
    •  
  • 14772 Cinnamon Drive Fontana, CA 4
    • 3 beds 3 baths ∙ 1,455 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,455 Sqft ∙ Built 1990
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.48
    •  
  • 14388 Hillcrest Drive Fontana, CA 5
    • 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1986
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.48
    •  
PROPERTY LISTING DETAILS
Anthony Tafesh
Keller Williams Signature Rlty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21004185
Last Updated: 01/07/2021
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