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14769 Weeping Willow Lane Fontana, CA 92337

4 Beds 3 Baths 1,556 sqft Built 1987

$460,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $295.63
  • 10 Days on Market
  • MLS # : OC21000121
  • Updated Date : 01/08/2021 at 15:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,556 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Estate Legends Usa

Listing Agent's Description

Welcome home to 14769 Weeping Willow Lane with it’s beautiful floors, stunning custom railings and open concept. Great views and privacy with no one behind you provide sweeping mountain views. Enjoy your updated kitchen with lots of natural light, upgraded lighting throughout and a gorgeous fireplace. Don’t wait! This one will go quickly!

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: 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
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,598
Property Tax -$547
Property Insurance -$65
Property Management Fees -$133
CASH FLOW
-$92

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.

$460,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.49%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$20,394

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $2,213

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,2504$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 14769 Weeping Willow Lane Fontana, CA 4
    • 4 beds 3 baths ∙ 1,556 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,556 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.45
    •  
  • 14377 Glenoak Place Fontana, CA 1
    • 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 1986
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.36
    •  
  • 14772 Cinnamon Drive Fontana, CA 2
    • 3 beds 3 baths ∙ 1,455 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,455 Sqft ∙ Built 1990
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.48
    •  
  • 14388 Hillcrest Drive Fontana, CA 3
    • 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 1986
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.48
    •  
  • 12026 Weeping Willow Lane Fontana, CA 5
    • 4 beds 3 baths ∙ 1,751 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,751 Sqft ∙ Built 1987
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.37
    •  
PROPERTY LISTING DETAILS
Patricia Gregory
Real Estate Legends Usa
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21000121
Last Updated: 01/08/2021
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