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14954 Beartree Street Fontana, CA 92336

5 Beds 4 Baths 2,507 sqft Built 2002

$525,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 2002
  • Price/Sqft : $209.41
  • 10 Days on Market
  • MLS # : CV20225476
  • Updated Date : 10/26/2020 at 13:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,507 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Citrus Realty Inc

Listing Agent's Description

Absolutely stunning north Fontana home in great condition. Award winning Etiwanda school district. This lovely home has an open floor plan with a spacious living room/dining area, kitchen that opens to the family room. White tile counter tops, recessed lighting, eating area, plenty of cabinets for storage and sliding door to back yard. Features 2,507 s/f of living space and 10,269 s/f lot. 6 bedroom 4 bathrooms on a huge oversized lot, great for entertaining. Freshly painted interior. Master suite upstairs with walk in closet and convienient downstairs bedroom with private bathroom. Three car garage. High vaulted ceilings. Backyard with block wall fencing and and slight view of the mountains. Close to schools, shops and freeway 210 an 15.

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: Bellgrove

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $148k584k

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

Neighborhood: Bellgrove

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822517

* 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
Cecilia L. Solorio Elementary School Primary Regular 894 36 7
Heritage Intermediate School Middle Regular 1,240 48 8
Etiwanda High School High Regular 3,458 126 8

Cecilia L. Solorio Elementary School

  • Education Level: Primary
  • # of students: 894
  • # of teachers: 36
7
GreatSchools Rating

Heritage Intermediate School

  • Education Level: Middle
  • # of students: 1,240
  • # of teachers: 48
8
GreatSchools Rating

Etiwanda High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,937
Property Tax -$620
Property Insurance -$88
Property Management Fees -$158
CASH FLOW
-$133

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.

$525,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 10.8%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$27,059

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,588

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5504$2,6705$2,700
$2,700
RENT COMPS ANALYSIS
  • 14954 Beartree Street Fontana, CA 4
    • 5 beds 4 baths ∙ 2,507 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,507 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.07
    •  
  • 7333 Rosebay Place Fontana, CA 1
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2003
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
  • 6849 Earp Way Fontana, CA 2
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 14388 Santa Lucia Street Fontana, CA 3
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2000
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
  • 15477 Mcdonnell Avenue Fontana, CA 5
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2000
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.11
    •  
PROPERTY LISTING DETAILS
Kevin Finley
Century 21 Citrus Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20225476
Last Updated: 10/26/2020
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