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14888 Southend Street Fontana, CA 92336

6 Beds 3 Baths 2,648 sqft Built 1998

$689,900

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $260.54
  • 1 Days on Market
  • MLS # : IV21151437
  • Updated Date : 07/13/2021 at 10:14
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,648 sqft
  • Baths : 3 full
Listing Agent

Real Estate Mavens

Listing Agent's Description

Located in the highly desirable and prestigious community of Hunters Ridge. One of North Fontana original communities, located on the Rancho Cucamonga side of the 15 fwy. Elevation allows for beautiful views of the mountains and city lights. This popular model is equipped with 6 Bedrooms 3 bathrooms, 2,648 of living area, and an open floorplan. Features include an entire downstairs area with beautiful wood laminate flooring, with one bedroom downstairs, open concept kitchen which has been newly remodeled that includes quartz counters with matching quartz backsplash and white cabinetry. Freshly painted, interior and exterior. The backyard is spacious with plenty of room for entertaining, covered patio. Plenty of parking with a spacious 3 car garage. Conveniently located close to Hunter’s Ridge Park, 15/210 fwys, Victoria Gardens, and all other entertainment/shopping you can possibly need. Etiwanda School District is a major plus. This beautiful home will not last.

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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: Hunter's Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $148k606k

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

Neighborhood: Hunter's Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822523

* 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
David W. Long Elementary School Primary Regular 826 33 8
Summit Intermediate School Middle Regular 1,108 49 7
Etiwanda High School High Regular 3,458 126 8

David W. Long Elementary School

  • Education Level: Primary
  • # of students: 826
  • # of teachers: 33
8
GreatSchools Rating

Summit Intermediate School

  • Education Level: Middle
  • # of students: 1,108
  • # of teachers: 49
7
GreatSchools Rating

Etiwanda High School

  • Education Level: High
  • # of students: 3,458
  • # of teachers: 126
8
GreatSchools Rating
 

$620,910$758,890$689,900

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,396
Property Tax -$757
Property Insurance -$91
Property Management Fees -$189
CASH FLOW
-$233

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.

$689,900

PROJECTED PRICE

$3,200

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,574

INVESTMENT

$188,574

Down Payment
$172,475
Rehab Estimate
$5,750
Closing Costs
$10,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,396

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,475
Loan Amount $517,425
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$24,428

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $3,389

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$3,2003$3,4004$4,400
$4,400
RENT COMPS ANALYSIS
  • 14888 Southend Street Fontana, CA 2
    • 6 beds 3 baths ∙ 2,648 Sqft ∙ Built 1998 6 beds 3 baths ∙ 2,648 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.21
    •  
  • 5119 St Albert Drive Fontana, CA 1
    • 5 beds 2 baths ∙ 2,648 Sqft ∙ Built 1998 5 beds 2 baths ∙ 2,648 Sqft ∙ Built 1998
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
  • 13760 Santa Maria Drive Rancho Cucamonga, CA 3
    • 5 beds 4 baths ∙ 2,688 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,688 Sqft ∙ Built 2007
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.26
    •  
  • 13750 Darkwood Way Rancho Cucamonga, CA 4
    • 5 beds 4 baths ∙ 2,688 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,688 Sqft ∙ Built 2006
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.64
    •  
PROPERTY LISTING DETAILS
Raffi Tavoukjian
Real Estate Mavens
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21151437
Last Updated: 07/13/2021
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