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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $270.62
- 5 Days on Market
- MLS # : SR21022395
- Updated Date : 02/06/2021 at 17:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,940 sqft
- Baths : 2 full
Listing Agent
Park Regency Realty
Listing Agent's Description
Welcome to this beautiful home located in a highly desirable area of Fontana. This home sits on a private cul-de-sac with amazing views of the mountains. This amazing 1,940 square foot home was built in 2015 and features an amazing open floor plan with a spacious kitchen full of counter space for the family’s chef. The property has 3 spacious bedrooms and 2 bathrooms. The master bedroom features a walk-in closet and a private bathroom with a double sink and a separate tub and standing shower enclosure. Additional feature that come with the property are washer, dryer, refrigerator, solar panels, tank less water heater, private laundry room with its own walk in utility closet and beautifully manicured landscaping. This home is just steps away from the playground and the Pacific Electric Trail. The community features a swimming pool area, picnic area, bbq area, clubhouse with kitchen, playgrounds, and exercise park. The home is centrally located near the Victoria Gardens, Ontario mills, local restaurants, stores and accessible to freeways.
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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
Zip Code: 92336
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 92336
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,360 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$555 | |
| Property Insurance | -$74 | |
| HOA | -$60 | |
| Property Management Fees | -$139 | |
|
CASH FLOW
-$292
|
||
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.
$524,999
PROJECTED PRICE
$2,360
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.43% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,749 |
2.5
YEARS SAVED
$10,460
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,360
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$2,386
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
15353 Parsley Leaf Place Fontana, CA 2
- 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,360
- $1.22
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7219 Riley Drive Fontana, CA 1
- 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2003
LEASED 04/11/20- Rent
- Rent Per SQFT
- $2,085
- $1.18
-
7443 Olympia Avenue Fontana, CA 3
- 3 beds 3 baths ∙ 1,938 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,938 Sqft ∙ Built 2003
LEASED 09/17/19- Rent
- Rent Per SQFT
- $2,400
- $1.24
-
7377 Elderberry Court Fontana, CA 4
- 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 2003
LEASED 07/30/20- Rent
- Rent Per SQFT
- $2,600
- $1.24
-
7766 Mariners Way Fontana, CA 5
- 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2003
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,600
- $1.26
PROPERTY LISTING DETAILS
Park Regency Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SR21022395
Last Updated: 02/06/2021
