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15347 Sandhurst Street Fontana, CA 92336

3 Beds 3 Baths 1,468 sqft Built 1991

$458,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $311.99
  • 14 Days on Market
  • MLS # : CV21011085
  • Updated Date : 01/27/2021 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,468 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Premier Proper

Listing Agent's Description

Welcome to this North Fontana Home with spacious living room with fire place. Down stairs also features kitchen and dinning room. Kitchen has granite counter tops with tile flooring. Formal dining area is perfect for the holiday. 2nd floor has 3 bedrooms that are perfectly sized including The large master bedroom with its own bathroom. This home also features a fully finished 2 Car garage with door opener. Back yard is perfect for bbq's and outdoor activities.

SEE MORE

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: Rancho Fontana

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $148k584k

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

Neighborhood: Rancho Fontana

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* 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
Hemlock Elementary School Primary Regular 434 17 4
Almeria Middle School Middle Regular 833 38 3
Summit High School High Regular 2,606 108 6

Hemlock Elementary School

  • Education Level: Primary
  • # of students: 434
  • # of teachers: 17
4
GreatSchools Rating

Almeria Middle School

  • Education Level: Middle
  • # of students: 833
  • # of teachers: 38
3
GreatSchools Rating

Summit High School

  • Education Level: High
  • # of students: 2,606
  • # of teachers: 108
6
GreatSchools Rating
 

$412,200$503,800$458,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,591
Property Tax -$485
Property Insurance -$63
Property Management Fees -$121
CASH FLOW
-$209

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.

$458,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,120

INVESTMENT

$127,120

Down Payment
$114,500
Rehab Estimate
$5,750
Closing Costs
$6,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,591

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,500
Loan Amount $343,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$12,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,059

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0503$2,1804$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 15347 Sandhurst Street Fontana, CA 2
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.40
    •  
  • 15673 Barbee Street Fontana, CA 1
    • 4 beds 3 baths ∙ 1,338 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,338 Sqft ∙ Built 1986
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.42
    •  
  • 7608 Plumaria Drive Fontana, CA 3
    • 3 beds 3 baths ∙ 1,617 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,617 Sqft ∙ Built 1989
    property image
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.35
    •  
  • 7645 Sun Petal Court Fontana, CA 4
    • 3 beds 3 baths ∙ 1,617 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,617 Sqft ∙ Built 1989
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.42
    •  
  • 7634 Plumaria Drive Fontana, CA 5
    • 3 beds 3 baths ∙ 1,617 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,617 Sqft ∙ Built 1989
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.42
    •  
PROPERTY LISTING DETAILS
Daniel Garcia
Keller Williams Premier Proper
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV21011085
Last Updated: 01/27/2021
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